HNI sees 20-25% 2026 non-GAAP EPS growth; Q2 GAAP EPS down 31% on Steelcase deal
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.
Key points
- 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
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 July 30, 2026.
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.