Quarterly ResultNov 3, 2026, 07:32 AM
HNI Corp Q3 EPS $1.23 (+39.8% YoY); Sales $1.6B (+133% YoY)
AI Summary
HNI Corporation announced strong third-quarter results, with GAAP diluted EPS of $1.23 and non-GAAP diluted EPS of $1.62, both exceeding expectations. Net sales surged 133% to $1.6 billion, primarily due to the Steelcase acquisition, while organic net sales saw a 5.6% increase. Both the Workplace Furnishings and Residential Building Products segments reported positive order growth. The company reaffirmed its outlook for low-single-digit organic net sales growth for the full year and anticipates 20-25% non-GAAP diluted EPS growth in 2026.
Key Highlights
- HNI Corporation reported Q3 GAAP diluted EPS of $1.23 (+39.8% YoY) and non-GAAP diluted EPS of $1.62 (+47.3% YoY).
- Consolidated net sales increased 133% to $1.6 billion, driven by the Steelcase acquisition; organic net sales grew 5.6% YoY.
- Workplace Furnishings segment orders increased 6% YoY; Residential Building Products segment orders grew 4% YoY.
- Workplace Furnishings segment net sales increased 174% to $1.4 billion (5.9% organic growth); operating margin contracted 280 bps YoY.
- Residential Building Products segment net sales increased 4.8% to $175 million; operating margin expanded 180 bps YoY.
- HNI expects low-single-digit organic net sales growth for both segments for the full year 2026.
- Non-GAAP diluted EPS growth of 20-25% is expected in 2026, marking the fifth consecutive year of double-digit growth.
Price Impact
More from HNI