secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000048287-22-000155
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI Q2 sales $622M, EPS $0.72; lowers 2022 outlook on macro concerns
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- Q2 GAAP EPS $0.72 vs $0.39 YoY; non-GAAP EPS $0.52 vs $0.40 YoY; revenue $621.7M, up 21.8%.
- Lamex office furniture business sold to Kokuyo for $75M; expected pretax gain ~$50M in Q3.
- Lowered 2022 outlook: Workplace Furnishings growth now low teens (prev. high teens-low 20s); Residential high teens.
- Returned over $53M to shareholders via dividends and buybacks in Q2.
- Q3 EPS expected to improve sequentially and above prior year on favorable price-cost.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000004828722000155/0000048287-22-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000004828722000155/hni-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000048287-22-000155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer