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HNI Corp Q4 Income Falls

HNI Corp (HNI) released earnings for fourth quarter that decreased from last year.

The company said its bottom line dropped to $20.9 million, or $0.47 per share. This was down from $37.5 million, or $0.82 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.5% to $584.3 million. This was up from $581.3 million last year.

HNI Corp earnings at a glance:

-Earnings (Q4): $20.9 Mln. vs. $37.5 Mln. last year.
-Earnings Decline (Y-o-Y): -44.3%
-EPS (Q4): $0.47 vs. $0.82 last year.
-EPS Decline (Y-o-Y): -42.7%
-Analysts Estimate: $0.42
-Revenue (Q4): $584.3 Mln vs. $581.3 Mln last year.
-Revenue Change (Y-o-Y): 0.5%

-Guidance:
Full year EPS guidance: $2.40 to $2.80

by RTT Staff Writer

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