---
schema_version: "secwatch.filing_event.v1"
accession: "0000048287-23-000145"
form_type: "8-K"
ticker: "HNI"
cik: "0000048287"
company_name: "HNI CORP"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:38:36.302880+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HNI Q1 sales down 16.3% YoY, EPS $0.04 GAAP; Workplace orders up 13%

## Summary
- Q1 net sales $479.1M, GAAP EPS $0.04 vs $0.33 YoY; non-GAAP EPS $0.13 vs $0.33.
- Workplace Furnishings operating loss narrowed 42% on price-cost and productivity; organic orders +13%.
- Residential Building Products sales -18.2%, operating margin 15.6% (down from 18.4%) on housing weakness.
- Acquisition of Kimball International (~$455M) expected to close early June; HSR cleared; shareholders vote May 31.
- FY outlook: ~80% of profit in H2; Q2 op income expected to exceed Q1.

## SEC filing metadata
- accession: 0000048287-23-000145
- form_type: 8-K
- ticker: HNI
- cik: 0000048287
- company_name: HNI CORP
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48287/000004828723000145/0000048287-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48287/000004828723000145/hni-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000048287-23-000145
- JSON: https://secwatch.observer/filing/0000048287-23-000145.json
- Plain text: https://secwatch.observer/filing/0000048287-23-000145.txt

## Key facts
- Earnings Releases
  HNI CORP reported first quarter ended April 1, 2023 results: revenue $479.1 million, net income $1.6 million, EPS $0.04.
  - Period: first quarter ended April 1, 2023
  - Revenue: $479.1 million
  - Net income: $1.6 million
  - EPS: $0.04
  - Result: reported results
  source text: HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000004828723000145/0000048287-23-000145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.