HNI Corp beats earnings estimates despite revenue miss in third quarter By Investing.com
Update: 2025-10-28
Description
HNI Corporation's Q3 results beat earnings expectations with adjusted EPS of $1.10, slightly higher than predicted. Despite a slight revenue miss, organic sales grew by 2.6% and workplace furnishings saw a 2.3% net sales increase. HNI's operating margin reached a record high of 10.8%, driven by cost optimization and synergy benefits. The company remains optimistic, predicting high single-digit growth in both workplace furnishings and residential building products segments. A planned acquisition of Steelcase is expected to close by the end of 2025, positioning HNI for continued competitiveness and shareholder value.
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