earnings
confidence high
sentiment positive
materiality 0.80
HNI FY25 non-GAAP EPS $3.74 (+22%); completed Steelcase acquisition, $120M synergies targeted
HNI CORP
2025-FY EPS reported
$1.11
revenue$2,839,000,000
- FY25 GAAP diluted EPS $1.11; non-GAAP diluted EPS $3.74 (+22% YoY), fourth straight year of double-digit non-GAAP EPS growth.
- Q4 net loss $49.2M ($0.94 GAAP diluted loss); Q4 non-GAAP EPS $0.83 vs $0.87 prior year.
- Completed acquisition of Steelcase in Q4; expected synergies of $120M with $1.20 non-GAAP EPS accretion when fully mature.
- FY25 net sales $2.84B (+12% YoY); organic net sales +5.6%; Residential Building Products operating margin 18.0% (+60bps).
- FY2026 outlook: expects fifth consecutive year of double-digit non-GAAP EPS growth; modest organic revenue growth; leverage to return to pre-acquisition levels in 18-24 months.
item 2.02item 9.01