HNI to close Wayland, New York plant in 2027, taking $14.9 million in charges
HNI Corporation said it will exit its Wayland, New York manufacturing facility in 2027 and move production to its other North American plants as part of an operational improvement plan adopted January 8, 2026. The company estimates the move will reduce annual costs by $7.5 to $8.0 million once fully mature, but will reduce pre-tax earnings by an estimated $14.9 million across 2026 and 2027, and about 135 Wayland employment terminations are expected.
Key points
- Wayland, New York plant to close in 2027, with production shifted to existing HNI facilities
- Estimated pre-tax charges of $14.9 million in 2026 and 2027, including $5.7 million of non-cash charges
- Estimated annual savings of $7.5 to $8.0 million once fully mature; total Kimball International integration cost synergies now expected to reach $68 million by end of 2028
- Approximately 135 employment terminations in Wayland
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 January 08, 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.