secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000048287-23-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI Q4 non-GAAP EPS $0.63 beats $0.43 prior year; full year sales $2.36B
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- Q4 GAAP EPS $0.39 (up 105% YoY); non-GAAP EPS $0.63 (up 47% YoY) on sales $568.9M (down 6%).
- Full year 2022 sales $2.362B, GAAP EPS $2.94, non-GAAP EPS $2.20 (up 35% YoY).
- Workplace Furnishings non-GAAP operating profit $8.4M in Q4 (up 136.5%); margin expanded 150 bps.
- Residential Building Products Q4 sales up 4.2% to $217.7M; non-GAAP operating margin 19.9% (up 170 bps).
- Guidance: Q1 2023 non-GAAP operating income approx. breakeven; expects >85% of annual profit in H2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000004828723000049/0000048287-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000004828723000049/hni-20230223.htm
  HTML page:      https://secwatch.observer/filing/0000048287-23-000049

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