secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000048287-23-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000004828723000203/0000048287-23-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000004828723000203/hni-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000048287-23-000203

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