HNI Corp (N:HNI)
Business Focus: Business Support Supplies
| Sector: Industrials | Industry: Business Support Supplies |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 600 East Second Street - PO Box 1109 MUSCATINE IA 52761-7109 |
| Tel: | N/A |
| Website: | https://www.hnicorp.com |
| IR: | See website |
| Key People | ||
| Jeffrey D. Lorenger Chairman of the Board, President, Chief Executive Officer | Michael J. Roch Chief Customer Officer, Kimball International | Marshall H. Bridges Chief Financial Officer, Senior Vice President |
| B. Brandon Bullock President of The HON Company | Jason Hagedorn President, Allsteel LLC | Vincent P. Berger Executive Vice President, President - Hearth & Home Technologies |
| Gregory A. Meunier Executive Vice President, Global Operations, Kimball International | Steven M. Bradford Senior Vice President, General Counsel, Secretary | Radhakrishna S. Rao Chief Information Officer, Vice President and Digital Officer | Donna D. Meade Vice President, Member and Community Relations |
| Business Overview |
| 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, D'style, 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. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, HNI Corp revenues increased 3% to $2.43B. Net income decreased 60% to $49.2M. Revenues reflect Workplace furnishings segment increase of 17% to $1.74B. Net income was offset by Gain on sale of subsidiary segment income totaling $0K vs. $50.4M, Residential building products segment income decrease of 27% to $116.6M, General Corporate segment loss increase of 66% to $94.9M. |
| Employees: | 8,200 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,441M as of Dec 30, 2023 |
| Annual revenue (TTM): | $2,434M as of Dec 30, 2023 |
| EBITDA (TTM): | $268.00M as of Dec 30, 2023 |
| Net annual income (TTM): | $49.30M as of Dec 30, 2023 |
| Free cash flow (TTM): | $129.90M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | $420.90M as of Dec 30, 2023 |
| Shares outstanding: | 47,287,164 as of Mar 15, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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