---
schema_version: "secwatch.filing_event.v1"
accession: "0000048287-23-000186"
form_type: "8-K"
ticker: "HNI"
cik: "0000048287"
company_name: "HNI CORP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:10:41.767741+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HNI Q2 GAAP loss $0.30/sh, non-GAAP EPS $0.55; plans Poppin divestiture

## Summary
- Net sales $563.5M (-9.4% YoY); GAAP net loss $12.8M vs $0.72 EPS prior year.
- Non-GAAP EPS $0.55, up 5.8% YoY; driven by favorable price-cost and profit improvement.
- Workplace non-GAAP op margin 8.5% (+550 bps excl. Kimball Intl); segment profit up 149%.
- Planned Poppin exit expects to increase annual op profit $20M, cut revenue $56M; completion Q3 2023.
- Kimball International (ex-Poppin) solidly accretive to 2023 non-GAAP EPS; adds $340-370M revenue.

## SEC filing metadata
- accession: 0000048287-23-000186
- form_type: 8-K
- ticker: HNI
- cik: 0000048287
- company_name: HNI CORP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/48287/000004828723000186/0000048287-23-000186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48287/000004828723000186/hni-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000048287-23-000186
- JSON: https://secwatch.observer/filing/0000048287-23-000186.json
- Plain text: https://secwatch.observer/filing/0000048287-23-000186.txt

## Key facts
- Earnings Releases
  HNI CORP reported second quarter ended July 1, 2023 results: revenue $563.5 million, net income net loss of $12.8 million, EPS ($0.30).
  - Period: second quarter ended July 1, 2023
  - Revenue: $563.5 million
  - Net income: net loss of $12.8 million
  - EPS: ($0.30)
  - Result: reported results
  source text: HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended July 1, 2023 of $563.5 million and a net loss of $12.8 million. GAAP earnings per diluted share declined from $0.72 in the prior year to ($0.30) in the current year
  evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000004828723000186/0000048287-23-000186-index.htm

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