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HNI CORP Q3 FY26 Results

HNIQ3 FY26 Results
Filing
MetricValue ($ M)Q2 FY26Q3 FY25
Revenue683.802.5%1.7%
Total Income683.802.5%1.7%
Expenditure619.203.4%2.6%
PBT57.407.4%7.1%
Net Profit41.2014.5%13.3%
OPM9.45%0.78pp0.80pp
NPM6.03%1.20pp1.04pp
EPS0.9013.5%10.0%
View full financials

HNI Corporation Reports Q3 2025 Results

04 May 2026 · 4 May, 8:43 am

Summary

HNI Corporation announced its third quarter 2025 financial results, with net sales of $683.8 million. This represents a 1.7 percent increase from the prior-year quarter. Organic net sales increased 3 percent year-over-year. GAAP diluted EPS was $0.88, while non-GAAP diluted EPS was $1.10. The company anticipates volume growth for the full year 2025 and expects the Steelcase acquisition to close before the end of 2025.

Key Highlights

  1. 1

    HNI Corporation reported a 1.7 percent increase in net sales to $683.8 million for the third quarter of 2025.

  2. 2

    Organic net sales increased by 3 percent year-over-year in the third quarter.

  3. 3

    GAAP diluted EPS was $0.88, a decrease of 10% year-over-year, while non-GAAP diluted EPS increased by 7% to $1.10.

  4. 4

    The company reduced debt by $120 million during the quarter.

  5. 5

    Workplace Furnishings organic net sales increased 3 percent year-over-year.

  6. 6

    Residential Building Products orders increased two percent compared to the prior year period.

  7. 7

    The acquisition of Steelcase is expected to close before the end of calendar 2025.

Management Comments

J

Jeff Lorenger

“Our members delivered another strong quarter, despite ongoing tariff-driven volatility and continuing macro uncertainty. The positive momentum of our strategies, the benefits of our diversified revenue streams, our focus on items within our control, and the merits of our customer-first business model continue to deliver strong shareholder value. “Our third quarter performance demonstrates the strength of our strategies and our ability to manage through varying macroeconomic conditions and daily uncertainty, while remaining focused on investing for the future. We expect strong results to continue, driven by our margin expansion efforts and continued volume growth.” "During the third quarter, we remained financially disciplined, managing the middle of the income statement to drive profit growth, while pursuing accelerated revenue growth. As we look forward, several positive secular trends and our HNI-specific initiatives will help offset macro-related risks and continued tariff-driven volatility. We will remain focused, conservative, and ready to adjust as required; and, as a result, our earnings outlook for the full year is essentially unchanged and we continue to expect a fourth consecutive year of double-digit non-GAAP diluted EPS growth. This outlook demonstrates the benefits of a stronger-than-expected third quarter, our ongoing visibility story, and our proven ability to manage through changing economic conditions. Finally, as we look to 2026, we continue to have elevated earnings growth visibility." "In advance of the closing, our HNI members will remain focused on driving growth and expanding margins. And we will continue to invest for the future with confidence,”

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