HNI Q3 non-GAAP EPS $0.93 (+31% YoY); Workplace margin 10.0%; Poppin divested

HNI CORP

2023-Q3 EPS reported $0.60 revenue$1,754,200,000

GAAP revenue $711.6M (+18.8% YoY), organic revenue down 7.1%.
Non-GAAP EPS $0.93 vs $0.71; GAAP EPS $0.80 vs $1.51 (down on $50.6M prior-year gain).
Workplace Furnishings GAAP operating margin 8.8% (+730 bps); Legacy Workplace 10.7%.
Residential Building Products revenue -21.8%, margin flat 17.7%.
Q4 guidance: non-GAAP EPS up YoY, modestly below Q3; KII accretive $0.06 in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

HNI CORP reported third quarter ended September 30, 2023 results: revenue $711.6 million, net income $37.8 million, EPS $0.80.

Period: third quarter ended September 30, 2023
Revenue: $711.6 million
Net income: $37.8 million
EPS: $0.80
Result: reported results

Exact text from the filing

HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended September 30, 2023 of $711.6 million and net income of $37.8 million. GAAP earnings per diluted share declined from $1.51 in the prior year to $0.80 in the current year

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

HNI CORP filing history →

Source: SEC EDGAR

accession 0000048287-23-000203

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