earnings
confidence high
sentiment positive
materiality 0.85
HNI reports Q4 EPS $0.87 non-GAAP; full-year EPS $3.06 (+15.5% YoY); guides to double-digit EPS growth in 2025
HNI CORP
2024-FY EPS reported
$2.88
revenue$2,526,400,000
- Q4 net sales $642.5M (-5.5% YoY); GAAP EPS $0.79, non-GAAP $0.87.
- Full-year 2024 GAAP EPS $2.88 (+164%), non-GAAP $3.06 (+15.5%); operating cash flow >$225M.
- Workplace Furnishings full-year non-GAAP op margin 9.5% (highest since 2007); segment op profit +44% YoY.
- Residential Building Products full-year non-GAAP op margin 17.5% (+50bps) despite 8% sales decline.
- FY2025 guidance: low-to-mid single-digit sales growth both segments; double-digit EPS growth; $0.70-$0.80 incremental EPS from KII/Mexico over 2025-2026.