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.

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