HNI Corporation Reports First Quarter 2025 Results

About this update from Hni Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/537bbf60f0396989bb348c94304f5756"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jeKP69xCn3SBfbm_Vzs03Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/537bbf60f0396989bb348c94304f5756","width":480,"height":480}},"lazy":false},{"type":"text","content":"Delivered year-over-year earnings and revenue growth; 2025 earnings outlook unchanged","length":85,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales growth returned with Q1 EPS exceeding expectations as productivity gains continued","length":92,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP EPS $0.29 (-22% YoY) / non-GAAP EPS $0.44 (+19% YoY)","length":57,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1 GAAP operating margin 4.1%; non-GAAP operating margin 5.3% reaches highest Q1 level since 2007","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Elevated earnings growth visibility remains through 2026 from initiatives already underway","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Volume growth anticipated for full year 2025 in both segments; 2025 earnings outlook unchanged","length":94,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":430,"olType":false},{"type":"text","content":"MUSCATINE, Iowa, May 07, 2025--(BUSINESS WIRE)--HNI Corporation (NYSE: HNI) today announced net sales of $599.8 million and net income of $13.9 million for the first quarter ended March 29, 2025.","length":195,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Solid start to 2025—revenue, margins, and earnings. Total net sales increased two percent year-over-year in the first quarter. Consolidated operating margin compressed 90 basis points on a GAAP basis but expanded 20 basis points on a non-GAAP basis versus the first quarter of 2024. The improvement was driven by profit transformation initiatives, synergy benefits, and volume growth. Non-GAAP to GAAP reconciliations follow the financial statements in t...

More updates from Hni Corporation