earnings
confidence high
sentiment positive
materiality 0.75
HNI Q2 non-GAAP EPS $1.27 (+14% YoY); raises FY2026 EPS growth outlook to 20-25%
HNI CORP
- GAAP diluted EPS $0.70 (-31% YoY); non-GAAP diluted EPS $1.27 (+14% YoY).
- Revenue $1.472B (+121% YoY, driven by Steelcase acquisition); organic net sales +0.1%.
- Workplace Furnishings orders +5% YoY organically; backlog also +5%.
- FY2026 non-GAAP EPS growth now expected 20-25% (including net tariff impacts).
- Steelcase synergies expected at least $120M when fully mature; net debt reduced in Q2.