secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000048287-24-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI Q1 EPS $0.37 (+825% GAAP, +185% non-GAAP); Workplace margin expands 730 bps
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- Revenue $588.0M (+22.7% total; organic -8.1% due to housing softness).
- GAAP operating income $29.7M (362% YoY); non-GAAP operating margin 5.1% (up 300 bps).
- Workplace Furnishings operating margin 6.0% (+730 bps GAAP; legacy organic margin 4.3%).
- Residential Building Products sales -17.4% to $148.2M; margin 14.4% (-120 bps).
- Q2 non-GAAP EPS expected to increase solidly YoY; full-year EPS to increase strongly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000004828724000095/0000048287-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000004828724000095/hni-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000048287-24-000095

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