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HNI Corporation (HNI)
NYSE:HNI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.74Last Year’s EPS
$0.98Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 0.22%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view. While there are strong EPS growth and profit margins, there are significant near-term challenges due to demand pauses and economic uncertainties. The company's strategic initiatives and strong financial position suggest optimism beyond the immediate challenges.Company Guidance
During the HNI Corporation's Q3 2024 earnings call, the company provided guidance that highlighted an 11% growth in non-GAAP EPS, reaching $1.03, despite facing revenue pressures. The Workplace Furnishings segment achieved a 20-year high in non-GAAP operating profit margin, while the Residential Building Products segment exceeded an 18% profit margin. However, the company anticipates a pause in demand impacting Q4 results, with expectations of a decline in profit compared to the same period in 2023. Looking ahead, HNI is optimistic about 2025 and 2026, pointing to initiatives like Mexico and KII synergies expected to contribute $0.70 to $0.80 of EPS growth, representing about 25% of EPS growth. Additionally, the company anticipates maintaining a double-digit non-GAAP EPS growth streak through at least 2026. Despite some near-term challenges, HNI expects to generate record non-GAAP EPS in 2024, marking the third consecutive year of double-digit growth.Strong Non-GAAP EPS Growth
Non-GAAP EPS of $1.03 exceeded internal expectations and was 11% higher than the prior year period.
Workplace Furnishings Segment Profit Growth
Segment non-GAAP operating profit margin reached a 20-year high for the third quarter.
Residential Building Products Profit Margin Expansion
Despite housing market volatility, non-GAAP operating profit margin exceeded 18% for only the third time in the third quarter.
KII Synergies and Mexico Initiatives
Mexico and KII synergies expected to deliver $0.70 to $0.80 of EPS growth in 2025 and 2026, representing about 25% of EPS growth.
Strong Balance Sheet and Cash Flow
Gross leverage improved to 1.1x, and free cash flow expected to be between $180 million to $185 million for the year.
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HNI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $51.52 | $49.88 | -3.18% |
| Jul 25, 2024 | $48.28 | $53.28 | +10.36% |
| Apr 29, 2024 | $41.67 | $42.15 | +1.15% |
| Feb 22, 2024 | $41.72 | $41.34 | -0.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HNI Corporation (HNI) report earnings?
HNI Corporation (HNI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is HNI Corporation (HNI) earnings time?
HNI Corporation (HNI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HNI EPS forecast?
HNI EPS forecast for the fiscal quarter 2024 (Q4) is $0.74.
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