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Last $44.26 USD
Change Today -2.48 / -5.31%
Volume 216.4K
As of 4:15 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

hni corp (HNI) Snapshot

Open
$45.59
Previous Close
$46.74
Day High
$46.03
Day Low
$44.22
52 Week High
04/22/15 - $57.74
52 Week Low
10/10/14 - $34.75
Market Cap
2.0B
Average Volume 10 Days
184.9K
EPS TTM
$2.06
Shares Outstanding
44.4M
EX-Date
08/12/15
P/E TM
21.5x
Dividend
$1.06
Dividend Yield
2.33%
Current Stock Chart for HNI CORP (HNI)

hni corp (HNI) Related Businessweek News

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hni corp (HNI) Details

HNI Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of office furniture and hearth products primarily in the United States, Canada, China, Hong Kong, India, and Taiwan. The company’s Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, artcobell, Midwest Folding Products, American Desk, basyx, Lamex, and ERGO brands, as well as under private labels. This segment sells its products through independent, local office furniture, and office products dealers; national office product distributors; selling relationships with the end-users; wholesalers; and direct sales to federal, state, and local government offices. The Hearth Products segment provides various gas, electric, wood, and biomass burning fireplaces; inserts; stoves; facings; and accessories, primarily for the home under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman Stove, Vermont Castings, and PelPro brand names. This segment markets its products through dealers and distributors, as well as through company-owned distribution and retail outlets. HNI Corporation was founded in 1944 and is headquartered in Muscatine, Iowa.

10,400 Employees
Last Reported Date: 02/27/15
Founded in 1944

hni corp (HNI) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $1.1M
Chief Financial Officer and Vice President
Total Annual Compensation: $415.0K
Executive Vice President and President of HON...
Total Annual Compensation: $474.8K
Executive Vice President and President of HNI...
Total Annual Compensation: $433.7K
Executive Vice President and President of Hea...
Total Annual Compensation: $430.8K
Compensation as of Fiscal Year 2014.

hni corp (HNI) Key Developments

HNI Corporation Declares Quarterly Dividend, Payable on September 1, 2015

HNI Corporation announced its Board of Directors declared a quarterly dividend of 26.5 cents per share on its common stock. The dividend will be payable on September 1, 2015, to shareholders of record at the close of business on August 14, 2015.

HNI Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third and Fourth Quarter of 2015; Revises Earnings Guidance for the Full Year 2015

HNI Corporation announced unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported sales net sales of $568.226 million against $509.143 million a year ago. Operating income was $39.406 million against $16.909 million a year ago. Income before income taxes was $37.557 million against $14.868 million a year ago. Net income attributable to the company was $23.879 million or $0.52 per diluted share against $9.705 million or $0.21 per diluted share a year ago. Non-GAAP operating income was $40.2 million or $0.53 per share against $29.3 million or $0.39 per share a year ago. The company delivered 36% non-GAAP earnings improvement, a 12% top line growth, while continuing to invest for the long term. For the six months, the company reported sales net sales of $1,091.703 million against $961.344 million a year ago. Operating income was $54.825 million against $35.299 million a year ago. Income before income taxes was $51.077 million against $31.126 million a year ago. Net income attributable to the company was $32.357 million or $0.71 per diluted share against $20.801 million or $0.45 per diluted share a year ago. Net cash flows to operating activities were $31.904 million against $6.992 million a year ago. Capital expenditures were $49.882 million against $51.122 million a year ago. The company provided earnings guidance for the third quarter and fourth quarter of 2015. The company announced that it delivered very strong results during the first six months of 2015.  The company remains confident in its ability to grow sales and significantly increase profits for the remainder of the year. The company estimates sales to be up 5% to 9% in the third quarter over the same period in the prior year, including sales from the Vermont Castings Group acquisition. Non-GAAP earnings per share are anticipated to be in the range of $0.84 to $0.89 for the third quarter, which includes the Vermont Castings Group acquisition results and excludes restructuring and transition costs. For the fourth quarter, the company forecasting overall sales growth to be flat to up 4%, and an estimated range for non-GAAP earnings per diluted share to be $0.97 to $1.02. For the full year, the company raising the low end of guidance by $0.05. The newly estimated range for non-GAAP earnings per diluted share is $2.55 to $2.65, which includes the Vermont Castings Group acquisition results and excludes restructuring and transition costs. The effective tax rate is projected to be approximately 35% for the full year. Capital expenditures are forecasted to be $110 million to $115 million.

HNI Corp. to Report Q2, 2015 Results on Jul 22, 2015

HNI Corp. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 22, 2015

 

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Industry Analysis

HNI

Industry Average

Valuation HNI Industry Range
Price/Earnings 28.6x
Price/Sales 0.9x
Price/Book 4.7x
Price/Cash Flow 24.4x
TEV/Sales 0.7x
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