HNI
Makes office furniture and residential hearth products through a multi-brand portfolio.
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Profile
Sells workplace furnishings and residential building products through dealer, distributor, direct, government, and retail channels. Workplace furnishings is the larger segment, expanded by Kimball and Steelcase, while hearth products depend on residential construction and remodeling demand.
Operates two segments: Workplace Furnishings and Residential Building Products. Workplace lines include furniture systems, seating, benching, tables, storage, architectural products, hospitality items, and social-collaborative products under brands including HON, Allsteel, Kimball, and Steelcase.
Hearth & Home Technologies makes gas, wood, electric, and pellet fireplaces, inserts, stoves, outdoor fire products, and accessories under brands such as Heatilator, Heat & Glo, Majestic, Vermont Castings, and Fireside Hearth & Home.
Sales are concentrated in North America, with workplace channels spanning independent dealers, company-owned dealers, distributors, direct end users, and government customers. Execution rests on a member culture, lean manufacturing, and integration of Kimball and Steelcase; demand is tied to office furniture cycles, residential construction, remodeling, tariffs, and supplier costs.
Company facts
Categories
Key statistics
Year to date +15.3% · Average volume (30d) 559.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jul 15, 2026 | Wells Fargo | Target | $65 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.04 | $1.27 | +22.1% | $1.48B | $1.47B | −0.3% | +1.87% |
| May 6, 2026Q1 FY26 | $0.31 | $0.34 | +9.7% | $1.37B | $1.35B | −2.0% | +4.24% |
| Feb 25, 2026Q4 FY25 | $0.91 | $0.83 | −8.8% | $711.9M | $888.4M | +24.8% | −1.17% |
| Oct 28, 2025Q3 FY25 | $1.06 | $1.10 | +3.8% | $688.6M | $683.8M | −0.7% | −7.38% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $599.8M | $667.1M | $683.8M | $888.4M | $1.35B | $1.47B | |
| Gross profit | $231.1M | $278.9M | $289.6M | $354.3M | $466.2M | $647.2M | |
| Operating income | $30.8M | $70.7M | $74.0M | $63.9M | −$12.4M | $114.2M | |
| Net income | $13.9M | $48.2M | $41.2M | −$49.2M | −$38.8M | $51.1M | |
| Diluted EPS | $0.29 | $1.02 | $0.88 | −$0.94 | −$0.55 | $0.70 | |
| Gross margin | 38.5% | 41.8% | 42.4% | 39.9% | 34.6% | 44.0% | |
| Operating margin | 5.1% | 10.6% | 10.8% | 7.2% | -0.9% | 7.8% |
Fiscal years (4-quarter sums)FY21 $2.18B · FY22 $2.36B · FY23 $2.43B · FY24 $2.53B · FY25 $2.84B
Revenue by product · Q2 FY26
Balance sheet, Jul 4, 2026Cash & short-term investments $108.2M · Total debt $1.68B · Total assets $4.82B · Shareholders' equity $1.81B
Dividends
Raised for 34 straight years — most recently to $0.35 from $0.34 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 11 | $0.35 | |
| May 29, 2026 | May 29 | Jun 10 | $0.35 | raised from $0.34 |
| Mar 2, 2026 | Mar 2 | Mar 11 | $0.34 | |
| Nov 17, 2025 | Nov 17 | Dec 1 | $0.34 | |
| Aug 22, 2025 | Aug 22 | Sep 11 | $0.34 | |
| May 23, 2025 | May 23 | Jun 11 | $0.34 | raised from $0.33 |
| Feb 24, 2025 | Feb 24 | Mar 5 | $0.33 | |
| Nov 18, 2024 | Nov 18 | Dec 2 | $0.33 |
Ownership
Shares outstanding 72.18M · Float 70.92M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.68M | 14.80% | 13F | Aug 7, 2026 |
| FMR LLC | 10.63M | 14.73% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.78M | 6.62% | 13F | Aug 13, 2026 |
| Vanguard Capital Management | 3.76M | 5.22% | 13G | Jul 31, 2026 |
| State Farm Mutual Automobile Insurance Co | 2.92M | 4.05% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Jeffrey D. Lorenger | director, officer: President & CEO | −39,576 | $50.09 |
| Aug 26, 2026 | Jeffrey D. Lorenger | director, officer: President & CEO | −7,508 | $50.06 |
| Aug 24, 2026 | Jeffrey D. Lorenger | director, officer: President & CEO | −700 | $50.01 |
| Aug 3, 2026 | Jeffrey D. Lorenger | director, officer: President & CEO | −45,850 | $47.55 |
| Feb 9, 2026 | Brian Scott Smith | officer: President, Hearth & Home Tech | −2,000 | $52.20 |
Peers
- MillerKnoll
Largest public contract-furniture rival across North America and global channels
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HNI | $49.13 | +0.11% | $3.55B | 545.9 | 11.1 | 0.8 | +120.7% |
| MillerKnoll | $23.24 | +0.52% | $1.58B | 17.5 | 11.5 | 0.4 | +4.4% |
| Median | 17.5 | 11.5 | 0.4 | +4.4% |