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HNI Corporation (HNI)
NYSE:HNI
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -4.98%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights record EPS growth and strong operating performance in Workplace Furnishings, as well as a positive outlook for continued earnings improvement in 2025. However, challenges include revenue declines in residential building products and the impact of tariffs on short-term profitability. The sentiment is balanced with both positive growth prospects and notable challenges.Company Guidance
During the HNI Corporation's fourth-quarter and fiscal year 2024 results conference call, management provided robust guidance for 2025, expecting a fourth consecutive year of double-digit non-GAAP EPS growth. In 2024, non-GAAP EPS increased by 15% to $3.06, marking a record high, driven by a consolidated non-GAAP operating margin of 8.6%. For 2025, the company anticipates a low to mid-single-digit revenue growth in both workplace furnishings and residential building products, with a return to revenue growth beginning in the second quarter. The workplace furnishings segment showed internal metrics improvement, with orders up 2% year-over-year and a backlog up double digits. Meanwhile, residential building products revenue is expected to grow largely in the latter half of 2025, as housing market dynamics remain challenging. The company plans to manage anticipated tariff impacts through a surcharge approach and expects operational improvements, including savings from Mexico and KII synergies, to drive significant EPS growth through 2026.Record Non-GAAP EPS Growth
Non-GAAP EPS for Fiscal Year 2024 grew 15% to $3.06, marking a new record high for the full year.
Workplace Furnishings Profit Improvement
Workplace Furnishings non-GAAP operating profit increased by 44%, and the segment's operating margin reached 9.5%, the highest since 2007.
Positive Outlook for 2025
The company anticipates a fourth consecutive year of double-digit non-GAAP earnings improvement in 2025.
Strong Cash Flow and Debt Management
Operating cash flow exceeded $225 million, and year-end gross debt leverage was at 1.1 times, maintaining a strong financial position.
Increase in Workplace Furnishings Backlog
Overall workplace backlog was up double digits year-over-year at the end of 2024.
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HNI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $49.02 | $49.15 | +0.27% |
| Oct 29, 2024 | $51.52 | $49.88 | -3.18% |
| Jul 25, 2024 | $48.28 | $53.28 | +10.36% |
| Apr 29, 2024 | $41.67 | $42.15 | +1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HNI Corporation (HNI) report earnings?
HNI Corporation (HNI) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is HNI Corporation (HNI) earnings time?
HNI Corporation (HNI) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HNI EPS forecast?
HNI EPS forecast for the fiscal quarter 2025 (Q1) is 0.37.
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