Earnings summaries and quarterly performance for HNI.
Executive leadership at HNI.
Board of directors at HNI.
Research analysts who have asked questions during HNI earnings calls.
RG
Reuben Garner
Stifel
10 questions for HNI
Also covers: BCC, BECN, BLD +12 more
BG
Brian Gordon
Water Tower Research
8 questions for HNI
Also covers: BSET, CULP, MLKN +2 more
Steven Ramsey
Thompson Research Group
8 questions for HNI
Also covers: ALTG, AMWD, BLDR +14 more
GB
Greg Burns
Sidoti & Company, LLC
7 questions for HNI
Also covers: BKSY, MLKN, PLUS +2 more
David Macgregor
Longbow Research
5 questions for HNI
Also covers: AOS, BECN, CSL +14 more
GB
Gregory Burns
Sidoti & Company
3 questions for HNI
Also covers: ACCO, ALG, ATNI +13 more
BB
Brian Biros
Stephens Inc.
2 questions for HNI
Also covers: AWI, BECN, BLDR +7 more
Recent press releases and 8-K filings for HNI.
HNI Announces Plant Consolidation and Financial Impact
HNI
New Projects/Investments
Layoffs
Guidance Update
- HNI Corporation announced on January 8, 2026, its decision to exit its Wayland, New York, manufacturing facility in 2027, consolidating production into other North American facilities.
- The company anticipates annual cost savings of approximately $7.5 to $8.0 million once the consolidation is fully mature, contributing to a total of $68 million in cost synergies by the end of 2028 from the Kimball International integration.
- Pre-tax charges related to the consolidation are estimated at $14.9 million across 2026 and 2027, with $11.6 million expected in 2026 and $3.3 million in 2027, including $5.7 million of non-cash charges.
- This operational change will lead to approximately 135 employment terminations in Wayland.
Jan 8, 2026, 6:54 PM
HNI Corporation Announces Plant Consolidation and Financial Impacts
HNI
Layoffs
New Projects/Investments
Guidance Update
- HNI Corporation will exit its Wayland, New York manufacturing facility in 2027, consolidating production into other North American facilities to improve productivity and strengthen operations.
- The consolidation is projected to generate annual cost savings of $7.5 to $8.0 million once fully mature.
- HNI anticipates pre-tax charges of $14.9 million in 2026 and 2027 due to the consolidation, including $5.7 million in non-cash charges.
- Approximately 135 employees in Wayland will be terminated as a result of this decision.
Jan 8, 2026, 6:30 PM
Hooker Furnishings Reports Fiscal 2026 Third Quarter Results and Strategic Actions
HNI
Earnings
Share Buyback
Dividends
M&A
- Hooker Furnishings reported a net loss of $(21.174) million and basic loss per share of $(1.99) for the fiscal 2026 third quarter, primarily driven by a 14.4% decrease in consolidated net sales and $15.6 million in non-cash intangible impairment charges.
- The company is strategically divesting its Pulaski Furniture and Samuel Lawrence Furniture brands to focus on core, higher-margin businesses, with the sale expected to close this week.
- Multi-phase cost-reduction initiatives have achieved approximately $25-$26.5 million in annualized savings.
- A new shareholder return program includes a $5 million share repurchase authorization and a 50% reduction in the annual dividend to $0.46 per share, beginning with the December 31, 2025 payment.
Dec 11, 2025, 11:00 AM
HNI Corporation Completes Acquisition of Steelcase Inc.
HNI
M&A
Debt Issuance
Board Change
- HNI Corporation completed its acquisition of Steelcase Inc. on December 10, 2025, uniting the two companies to form a combined business with pro forma annual revenues of $5.8 billion.
- Steelcase shareholders received, at their election, a merger consideration that included options such as $7.20 in cash and 0.2192 shares of HNI common stock, $16.19 in cash and 0.0009 shares of HNI common stock, or 0.3940 shares of HNI common stock.
- To finance the acquisition, HNI established a $500,000,000 Term Loan B facility and reduced its existing Term Loan A facility from $500,000,000 to $350,000,000.
- HNI also issued $350,979,000 in aggregate principal amount of 5.125% Senior Secured Notes due 2029, with interest payable semi-annually starting January 18, 2026, and maturing on January 18, 2029.
- HNI's Board of Directors expanded from 10 to 12 directors, incorporating two former independent board members from Steelcase.
Dec 10, 2025, 9:49 PM
HNI Corporation Completes Acquisition of Steelcase Inc.
HNI
M&A
Board Change
Revenue Acceleration/Inflection
- HNI Corporation has completed its acquisition of Steelcase Inc., uniting the two industry leaders.
- The combined business is projected to have pro forma annual revenues of $5.8 billion.
- Steelcase shareholders received consideration in the form of cash and/or HNI common stock for each share of Steelcase class A common stock.
- HNI's Board of Directors has expanded from 10 to 12 directors, including two former independent board members of Steelcase.
Dec 10, 2025, 1:44 PM
HNI and Steelcase Shareholders Approve Acquisition Proposals
HNI
M&A
Proxy Vote Outcomes
- HNI Corporation and Steelcase Inc. shareholders have approved proposals related to HNI's proposed acquisition of Steelcase.
- At a special meeting held on December 5, 2025, HNI shareholders approved the issuance of HNI Common Stock to Steelcase common stock holders, with 96.88% of shares voted (representing 84.52% of total outstanding shares as of the record date) cast in favor. The final voting results for HNI's proposal were 38,748,318 "For", 1,244,396 "Against", 118,607 "Abstain", and 0 "Broker Non-Votes".
- Steelcase shareholders also approved the merger agreement, with 99.60% of shares voted (representing 69.93% of total outstanding shares as of the record date) cast in favor.
- The transaction is anticipated to close on December 10, 2025.
Dec 5, 2025, 9:43 PM
HNI and Steelcase Shareholders Approve Merger
HNI
M&A
Proxy Vote Outcomes
Executive Compensation
- Shareholders of HNI Corporation and Steelcase Inc. approved a merger agreement on December 5, 2025, with the transaction expected to close on December 10, 2025.
- The merger will result in HNI shareholders owning approximately 64% and Steelcase shareholders about 36% of the combined entity, with the majority of Steelcase shareholders choosing a mixed consideration of HNI stock plus cash.
- The acquisition aims to enhance HNI's market position in the commercial furnishings sector.
- While both companies received strong shareholder support for the merger, some executive compensation proposals were not approved, and analysts note cash flow challenges for both companies despite overall positive ratings.
Dec 5, 2025, 3:05 PM
HNI and Steelcase Announce Merger Consideration Election Deadline
HNI
M&A
Proxy Vote Outcomes
- HNI Corporation and Steelcase Inc. have set the election deadline for Steelcase shareholders to choose their form of merger consideration as 5:00 p.m., Eastern Time, on December 4, 2025.
- Steelcase shareholders who do not submit an election by the deadline will be deemed to have made a mixed election, entitling them to receive a combination of 0.2192 shares of HNI common stock and $7.20 in cash per share of Steelcase common stock.
- The completion of the transaction, based on the merger agreement dated August 3, 2025, remains subject to approval by HNI and Steelcase shareholders and other customary closing conditions.
Nov 25, 2025, 1:18 PM
HNI Merger with Steelcase Under Investigation by Class Action Firm
HNI
M&A
Legal Proceedings
Proxy Vote Outcomes
- Monteverde & Associates PC is investigating HNI Corporation (NYSE: HNI) in relation to its merger with Steelcase, Inc.
- Following the proposed transaction, HNI shareholders are expected to own approximately 64% of the combined company.
- The shareholder vote for this merger is scheduled for December 5, 2025.
Nov 8, 2025, 1:00 AM
HNI Corporation Amends Credit Agreement
HNI
Debt Issuance
- HNI Corporation entered into Amendment No. 1 to its Credit Agreement on November 5, 2025, with Wells Fargo Bank, National Association acting as the administrative agent and other lenders.
- The amendment establishes a $105,000,000 threshold for customary springing maturity dates applicable to the company's revolving facility, term loan A facility, and term loan B facility.
- Bank of America, N.A. has been appointed as an additional Issuing Lender under the Amended Credit Agreement.
Nov 5, 2025, 2:22 PM
Quarterly earnings call transcripts for HNI.
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