HNI CORP 8K

HNI Corporation reported Q2 2026 results showing strong revenue growth from the Steelcase acquisition, higher non-GAAP EPS, and raised full-year 2026 non-GAAP EPS growth guidance to 20–25% with significant expected synergies and continued integration progress.

On July 30, 2026, HNI Corporation reported its financial results for the second quarter ended July 4, 2026, announcing a 121% year-over-year increase in net sales to $1.47 billion primarily due to the December 2025 acquisition of Steelcase, GAAP diluted EPS of $0.70 (down 31% year-over-year) and non-GAAP diluted EPS of $1.27 (up 14% year-over-year), driven by contributions from Steelcase, favorable net tariff impacts, and productivity gains. The company highlighted that Workplace Furnishings orders and backlog each grew 5% year-over-year, Residential Building Products sales declined 1.6% with strong margin expansion on a non-GAAP basis, and that integration of Steelcase is proceeding as planned with at least $120 million of expected synergies and roughly $30 million of legacy network optimization savings anticipated through 2028. HNI updated its 2026 outlook to low-single-digit organic net sales growth in both segments and 20–25% non-GAAP EPS growth (including net tariff impacts), with earnings growth expected to accelerate in the second half of 2026, supported by Steelcase accretion, cost management, network optimization, and productivity initiatives while the company continues to reduce leverage and maintain balance sheet flexibility.

Filing Facts

CIK

48287

Ticker

-

Form

8K

Source Type

sec

Accession

0000048287-26-000122

Alert Tier

6