Nov 3, 8:10 AM ET
HNI reported third-quarter 2026 net sales of $1.6 billion, up from $683.8 million a year earlier, driven by the December 2025 Steelcase acquisition. GAAP diluted EPS was $1.23 versus $0.88, and non-GAAP diluted EPS was $1.62 versus $1.10. The company expects 2026 non-GAAP diluted EPS growth of 20-25% and non-GAAP diluted EPS growth in the mid-20 percent range for the fourth quarter.
- Q3 net sales $1,592.9 million vs. $683.8 million; net income $90.0 million vs. $41.2 million
- GAAP diluted EPS $1.23 vs. $0.88; non-GAAP diluted EPS $1.62 vs. $1.10
- Expects 2026 non-GAAP diluted EPS growth of 20-25%; Steelcase synergies of at least $130 million when fully mature
Read the filing on SEC.gov ↗
Jul 30, 7:32 AM ET
HNI reported second-quarter 2026 net sales of $1.5 billion, up 121% from the prior year mainly due to the Steelcase acquisition, with organic sales up 0.1%. GAAP diluted EPS fell to $0.70 from $1.02, while non-GAAP diluted EPS rose to $1.27 from $1.11, and the company expects 2026 non-GAAP EPS growth of 20-25%, which it describes as an improved outlook.
- Q2 net sales $1,472.4 million vs $667.1 million a year earlier; organic net sales up 0.1%
- GAAP diluted EPS $0.70 vs $1.02 (down 31.4%); non-GAAP diluted EPS $1.27 vs $1.11 (up 14.4%)
- 2026 non-GAAP diluted EPS growth now expected at 20-25%, including net tariff impacts
- Q3 2026 non-GAAP diluted EPS expected to rise in the mid-to-high 20 percent range year over year
Read the filing on SEC.gov ↗
Jun 10, 4:51 PM ET
HNI Corporation entered into Amendment No. 3 to its credit agreement on June 10, 2026, providing a new $498.75 million tranche of term loans maturing in 2032 that were used to refinance all outstanding Initial Tranche B Term Loans. The filing does not report any change to earnings, guidance, or the company's overall debt level beyond this refinancing.
- New Replacement Term Loans total $498.75 million and mature in 2032.
- Amortization is 1.00% per annum, with the first installment payable on or about September 30, 2026.
- Applicable Percentage is 1.75% for SOFR Loans and 0.75% for Alternate Base Rate Loans.
- Wells Fargo Bank, National Association serves as Administrative Agent.
Read the filing on SEC.gov ↗
May 21, 4:36 PM ET
At its May 20, 2026 annual meeting, HNI shareholders elected John R. Hartnett, Larry B. Porcellato and Dhanusha Sivajee to the board for terms ending at the 2029 meeting, ratified KPMG LLP as auditor for fiscal 2026, and approved named executive officer pay on an advisory basis. Separately, the board approved a Change in Control Employment Agreement with CFO Vincent P. (VP) Berger II, effective June 1, 2026, which replaces his 2016 agreement on substantially identical terms.
- Each director nominee received more votes for than against: Hartnett 55,897,303 for and 1,702,351 against; Porcellato 54,914,744 for and 2,685,311 against; Sivajee 56,170,539 for and 1,421,163 against
- KPMG LLP ratified as independent registered public accounting firm for the fiscal year ending January 2, 2027, with 63,007,838 votes for and 370,208 against
- Advisory say-on-pay proposal approved with 56,108,616 votes for and 1,453,871 against
- Berger's CIC agreement pays, on a double trigger, a lump sum equal to two times base salary plus the average of the prior two years' incentive awards; 63,426,629 of 71,992,908 eligible shares were present at the meeting
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
