HNI: Q4 Financial Results Overview
HNI Corp. Reports Fourth Quarter Financial Results
HNI Corp., headquartered in Muscatine, Iowa, announced on Wednesday that it recorded a net loss of $49.2 million for the fourth quarter.
The company’s loss per share was 94 cents. However, after adjusting for expenses related to mergers, acquisitions, and asset impairments, earnings stood at 83 cents per share.
During the quarter, HNI generated $888.4 million in revenue from its office furniture and fireplace manufacturing operations.
Looking at the full year, HNI reported a net income of $54.2 million, or $1.11 per share, with total annual revenue reaching $2.84 billion.
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