HNI CORP
For the period ended Dec 28, 2024. Filed Feb 25, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
HNI$49.75+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements
| HNI Corporation and SubsidiariesConsolidated Statements of Comprehensive Income(In millions, except per share data) | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $2,526.4 | $2,434.0 | $2,361.8 |
| Cost of sales | 1,493.0 | 1,485.7 | 1,526.9 |
| Gross profit | 1,033.4 | 948.3 | 834.9 |
| Selling and administrative expenses | 820.7 | 813.2 | 723.4 |
| Gain on sale of subsidiary | — | — | (50.4) |
| Restructuring and impairment charges | 6.2 | 44.8 | 6.7 |
| Operating income | 206.5 | 90.3 | 155.2 |
| Interest expense, net | 27.2 | 25.5 | 8.8 |
| Income before income taxes | 179.3 | 64.8 | 146.4 |
| Income tax expense | 39.8 | 15.6 | 22.5 |
| Net income | 139.5 | 49.2 | 123.9 |
| Less: Net income (loss) attributable to non-controlling interest | 0.0 | 0.0 | (0.0) |
| Net income attributable to HNI Corporation | $139.5 | $49.2 | $123.9 |
| Average number of common shares outstanding – basic | 47.4 | 44.5 | 41.7 |
| Net income attributable to HNI Corporation per common share – basic | $2.95 | $1.11 | $2.97 |
| Average number of common shares outstanding – diluted | 48.5 | 45.4 | 42.2 |
| Net income attributable to HNI Corporation per common share – diluted | $2.88 | $1.09 | $2.94 |
| Foreign currency translation adjustments | $(0.4) | $(0.2) | $(5.7) |
| Change in unrealized gains (losses) on marketable securities, net of tax | 0.1 | 0.4 | (0.7) |
| Change in pension and post-retirement liability, net of tax | 1.1 | (0.0) | 4.3 |
| Change in derivative financial instruments, net of tax | 1.6 | (2.8) | 0.8 |
| Other comprehensive income (loss), net of tax | 2.4 | (2.6) | (1.3) |
| Comprehensive income | 141.9 | 46.6 | 122.6 |
| Less: Comprehensive income (loss) attributable to non-controlling interest | 0.0 | 0.0 | (0.0) |
| Comprehensive income attributable to HNI Corporation | $141.9 | $46.6 | $122.6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.