earnings
confidence high
sentiment positive
materiality 0.70
HNI Q3 non-GAAP EPS $1.10 (+7% YoY); guides double-digit EPS growth in 2025; Steelcase deal on track
HNI CORP
2025-Q3 EPS reported
$2.19
revenue$1,950,600,000
- Non-GAAP diluted EPS $1.10 (+7% YoY); GAAP EPS $0.88 (-10% YoY). Net sales $683.8M (+1.7% YoY).
- Non-GAAP operating margin 10.8% (highest Q3); Workplace segment margin up 40 bps to 12.3%.
- Steelcase acquisition (NYSE: SCS) expected to close before end of 2025; debt reduced $120M during Q3.
- Q4 outlook: high single-digit sales growth in both segments; double-digit non-GAAP EPS growth in 2025.
- Adjusted Workplace orders +2% excluding hospitality/tariffs; Residential orders +2% YoY.
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