Updating Estimates on HNI Corporation After 1Q22 Report: Strong Order Growth and Positive Price-Cost Mark a Solid Quarter for HNI
KEY POINTS Highlights from 1Q22 included: (1) Consolidated sales of $553.2 million, up 18.2% from 1Q21, with Workplace Furnishings up 16.6% and...
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1Q22 Sales and Earnings Beat Estimates; 2Q22 Profitability Expected to Be in Line With 1Q22; Profit Improvement Expected 2H22
KEY POINTS HNI Corp. reported 1Q22 results and provided management guidance on Thursday, April 28, 2022. Consolidated 1Q22 sales were $553.2...
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Updating Estimates After 4Q21 Report. Strong Market Leader Emerging From a Challenging 2021
KEY POINTS 2021 was a challenging year for HNI. Like its peers, HNI faced rapid inflation, supply chain bottlenecks, and labor challenges that...
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