secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000048287-26-000098
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000004828726000098/0000048287-26-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000004828726000098/hni-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000048287-26-000098

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