earnings
confidence high
sentiment neutral
materiality 0.75
HNI Q1: GAAP loss $0.55/sh; adj EPS $0.34; sales $1.35B; organic sales -3.2%; guides FY mid-teens adj EPS growth
HNI CORP
2026-Q1 EPS reported
-$0.55
revenue$1,347,500,000
- GAAP net loss $38.8M ($0.55 diluted EPS); non-GAAP diluted EPS $0.34 modestly above internal expectations.
- Net sales $1.35B, up 125% YoY on Steelcase acquisition; organic net sales down 3.2% YoY.
- Workplace Furnishings organic sales -5.2% YoY; Residential Building Products +2.1% with 190bps margin expansion to 17.6%.
- Guides full-year 2026 mid-teens non-GAAP EPS growth; Q2 non-GAAP EPS expected to decline modestly YoY.
- Steelcase integration on track; $120M total synergies expected; terminated Steelcase ERP to cut costs and focus on profitable growth.
item 2.02item 9.01