HNI News & Events

The company said, "The Corporation expects first quarter 2026 consolidated net sales to increase by more than 130 percent year-over-year, inclusive of Steelcase revenue."

The company said, "For the full year, modest organic revenue growth is expected - with the consolidated Workplace Furnishings businesses expected to grow at a rate in the mid-single digit percentage range and the Residential Building Products segment expected to grow at a rate in the low-single digits. Including Steelcase, full-year consolidated net sales are expected to more than double year-over-year."

Reports Q4 revenue $888.4M, consensus $697.51M. The acquisition of Steelcase in the current quarter increased year-over-year net sales by $187.5M, while the divestiture of HNI India during the second quarter of 2025 decreased year-over-year net sales by $6.1M. "Fiscal 2025 was a seminal year for HNI Corporation. Late in the year, we completed the acquisition of Steelcase - a combination that will not only transform our company, but also the workplace furnishings industry. And, again in 2025, our members delivered excellent results, as we reported a fourth straight year of double-digit non-GAAP EPS growth despite persistent soft and uncertain macro conditions. The positive momentum of our strategies, the benefits of our diversified revenue streams, our ongoing focus on items within our control, and the merits of our customer-first business model continued to deliver strong shareholder value."

HNI Corporation announced it will exit its Wayland, New York, manufacturing facility in 2027. The Corporation intends to consolidate production into its other North American facilities over the coming year. HNI expects the consolidation to improve productivity and strengthen operations while meeting capacity requirements and creating enhanced experiences for its customers and trade partners. All products currently produced at the Wayland facility will shift to existing facilities across the HNI manufacturing network, with no anticipated changes in the product portfolio. The Gunlocke brand and its products will continue to be an important part of the HNI portfolio, the company said. "Closing the facility is a difficult decision given the hard work and expertise of the Wayland team. We are grateful for our Wayland members' dedication and craftsmanship, and we are committed to providing support and resources throughout the transition. This is a strategic change that aligns with our continued network optimization journey. We are announcing the consolidation a year in advance as part of our commitment to ensuring a smooth transition for our members and our customers," said Brandon Bullock, HNI's COO. HNI estimates the consolidation will save approximately $7.5M-$8M annually once fully mature. The consolidation of Wayland production into HNI's manufacturing centers of excellence was partially enabled by the strategic integration of Kimball International. Total cost synergies associated with the integration of KII are now anticipated to total $68M by end of 2028, including ongoing initiatives in procurement and the maturation of previously announced network optimization projects. HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated $14.9M in 2026 and 2027, including $5.7M of non-cash charges. The decision will result in employment terminations of approximately 135 members in Wayland.