HNI Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2021
October 25, 2021 at 07:31 am EDT
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HNI Corporation reported earnings results for the third quarter and nine months ended October 02, 2021. For the third quarter, the company reported sales was USD 586.75 million compared to USD 507.06 million a year ago. Net income was USD 19.16 million compared to USD 30.69 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.71 a year ago.
For the nine months, sales was USD 1,581.5 million compared to USD 1,393.22 million a year ago. Net income was USD 51.59 million compared to USD 19.35 million a year ago. Basic earnings per share from continuing operations was USD 1.18 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 0.45 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 
