HNI CORP (HNI): restructuring charge — HNI Corp to exit Wayland NY plant, consolidate production; expects $7.5-8M annual savings

HNI CORP

Closing Wayland, NY facility in 2027; production shifted to other North American plants.
Estimated pre-tax charges of $14.9M in 2026-2027, including $5.7M non-cash.
Annual cost savings of $7.5-8.0M once fully mature.
Total KII integration cost synergies now expected to reach $68M by end of 2028.
Approximately 135 employees affected; support and resources promised for transition.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

HNI CORP announced a restructuring with charges of estimated $14.9 million in 2026 and 2027 affecting Wayland, New York, manufacturing facility; workplace furnishings business (approximately 135 members).

Type: restructuring
Charge: estimated $14.9 million in 2026 and 2027
Affected area: Wayland, New York, manufacturing facility; workplace furnishings business
Headcount: approximately 135 members

Exact text from the filing

HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated $14.9 million in 2026 and 2027, including $5.7 million of non-cash charges.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

HNI CORP filing history →

Source: SEC EDGAR

accession 0001140361-26-000697

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