secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000048287-24-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI Q4 non-GAAP EPS $0.98 (+56% YoY); FY23 non-GAAP EPS $2.65; raises Kimball synergies to $35M
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- Q4 GAAP EPS $0.48; non-GAAP EPS $0.98 (+56% YoY); sales $679.8M (+19.5% YoY; organic -6.4%).
- FY2023 GAAP EPS $1.09; non-GAAP EPS $2.65 (+20.5% YoY); net sales $2.434B (+3.1% YoY).
- Kimball International added ~$16M Q4 operating profit; annual cost synergy target raised to $35M from $25M.
- Workplace Furnishings non-GAAP operating margin +580 bps to 8.2% in Q4; Residential Building Products margin +240 bps to 22.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000004828724000061/0000048287-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000004828724000061/hni-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000048287-24-000061

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