HNI reports Q4 sales down 5.5%, full-year non-GAAP EPS up 15.5% to $3.06
HNI reported fourth quarter 2024 net sales of $642.5 million, down 5.5% from a year earlier, and non-GAAP diluted EPS of $0.87, down from $0.98. For full-year 2024, net sales rose 3.8% to $2.526 billion and non-GAAP diluted EPS rose 15.5% to $3.06, while GAAP diluted EPS was $2.88. The company expects first quarter 2025 non-GAAP EPS to decrease slightly, including the effect of tariffs, and expects net sales growth to return in 2025.
Key points
- Q4 2024 net sales were $642.5 million, down 5.5%; GAAP diluted EPS was $0.79 versus $0.48, and non-GAAP diluted EPS was $0.87 versus $0.98.
- Full-year 2024 net sales were $2.526 billion, up 3.8%; GAAP diluted EPS was $2.88 versus $1.09.
- First quarter 2025 non-GAAP EPS is expected to decrease slightly from 2024 levels when including anticipated tariff impact.
- For full-year 2025, the company expects net sales growth in the low-to-mid single digits in both segments and another year of double-digit EPS growth.
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.