HNI Corp. (HNI) reported first-quarter net income attributable to the company of $1.4 million or $0.03 per share, compared to net loss of $0.1 million or $0.00 per share in the same quarter last year.
Adjusted net income for the latest-quarter was $0.03 per share, up from $0.01 per share last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter decreased 0.07% to $442.30 million from $445.21 million in the prior year quarter. Four analysts had consensus revenue estimate of $438.33 million for the quarter.
The company estimates non-GAAP earnings per share to be in the range of $0.22 to $0.27 for the second quarter and sales growth between 5 percent to 8 percent. Analysts expect the company to report earnings of $0.22 per share on revenues of $491.18 million for the second-quarter.
For the full year 2013, the company now expects non-GAAP earnings per share of $1.30 to $1.45, compared to its previous forecast of $1.25 to $1.45.
Analysts expect the company to report earnings of $2.06 per share for fiscal 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.