HNI Corporation Reports Earnings Results for the Fourth Quarter Ended January 2, 2021
March 01, 2021 at 07:30 am EST
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HNI Corporation announced earnings results for the fourth quarter ended January 2, 2021. For the fourth quarter, the company announced sales was USD 562.139 million compared to USD 616.079 million a year ago. Operating income was USD 31.499 million compared to USD 63.761 million a year ago. Net income was USD 22.568 million compared to USD 47.595 million a year ago. Basic earnings per share from continuing operations was USD 0.53. Diluted earnings per share from continuing operations was USD 0.52. For the full year, sales was USD 1,955.363 million compared to USD 2,246.947 million a year ago. Operating income was USD 61.375 million compared to USD 151.342 million a year ago. Net income was USD 41.917 million compared to USD 110.505 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 2.56 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 2.54 a year ago.
HNI Corporation is a provider of workplace furnishings and residential building products. The workplace furnishings segment manufactures and markets a line of commercial and home office furniture, which includes panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and social collaborative items. The residential building products segment manufactures and markets a range of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories. Its products are sold primarily through independent dealers, office product distributors, eCommerce retailers, and wholesalers but also directly to end-user customers and federal, state, and local governments. Its brands include HON, Allsteel, Beyond, Dâstyle, Gunlocke, Kimball, HBF, HBF Textiles and HNI India. It exports select products through its export subsidiary to North America, principally the Caribbean, Latin America, and Mexico.
HNI CORPORATION 
