HNI CORP
For the period ended Sep 27, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Nov 5, 2025
HNI$47.26-2.2%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements (Unaudited)
| Condensed Consolidated Statements of Comprehensive Income - Three and Nine Months Ended September 27, 2025 and September 28, 2024 | 3 | |
| Condensed Consolidated Balance Sheets - September 27, 2025 and December 28, 2024 | 4 | |
| Condensed Consolidated Statements of Equity - Three and Nine Months Ended September 27, 2025 and September 28, 2024 | 6 | |
| Condensed Consolidated Statements of Cash Flows - Nine Months Ended September 27, 2025 and September 28, 2024 | 8 | |
| Notes to Condensed Consolidated Financial Statements | 9 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 28 |
|---|---|---|
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 37 |
| Item 4. | Controls and Procedures | 37 |
| PART II. OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 37 |
| Item 1A. | Risk Factors | 37 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 41 |
| Item 5. | Other Information | 41 |
| Item 6. | Exhibits | 42 |
| Signatures | 43 | |
PART I. FINANCIAL INFORMATION
| HNI Corporation and SubsidiariesCondensed Consolidated Statements of Comprehensive Income(In millions, except per share data) | ||||
|---|---|---|---|---|
| (Unaudited) | ||||
| Three Months Ended | Nine Months Ended | |||
| September 27,2025 | September 28,2024 | September 27,2025 | September 28,2024 | |
| Net sales | $683.8 | $672.2 | $1,950.6 | $1,883.9 |
| Cost of sales | 395.7 | 393.4 | 1,138.0 | 1,110.9 |
| Gross profit | 288.1 | 278.8 | 812.6 | 773.0 |
| Selling and administrative expenses | 222.7 | 208.4 | 645.7 | 617.3 |
| Restructuring, impairment, and loss on divestiture | 0.8 | 1.6 | 9.7 | 3.7 |
| Operating income | 64.6 | 68.9 | 157.2 | 151.9 |
| Interest expense, net | 7.2 | 7.1 | 18.9 | 22.1 |
| Income before income taxes | 57.4 | 61.8 | 138.3 | 129.8 |
| Income taxes | 16.2 | 14.3 | 34.9 | 28.6 |
| Net income | 41.2 | 47.5 | 103.4 | 101.2 |
| Less: Net income (loss) attributable to non-controlling interest | — | 0.0 | 0.0 | 0.0 |
| Net income attributable to HNI Corporation | $41.2 | $47.5 | $103.4 | $101.2 |
| Average number of common shares outstanding – basic | 45.8 | 47.7 | 46.3 | 47.3 |
| Net income attributable to HNI Corporation per common share – basic | $0.90 | $1.00 | $2.23 | $2.14 |
| Average number of common shares outstanding – diluted | 46.7 | 48.7 | 47.3 | 48.4 |
| Net income attributable to HNI Corporation per common share – diluted | $0.88 | $0.98 | $2.19 | $2.09 |
| Foreign currency translation adjustments | $0.1 | $(0.0) | $6.3 | $(0.1) |
| Change in unrealized gains (losses) on marketable securities, net of tax | 0.0 | 0.3 | 0.2 | 0.3 |
| Change in pension and post-retirement liability, net of tax | — | — | 2.0 | — |
| Change in derivative financial instruments, net of tax | 0.2 | (1.8) | (0.5) | (0.0) |
| Other comprehensive income (loss), net of tax | 0.3 | (1.4) | 8.1 | 0.2 |
| Comprehensive income | 41.5 | 46.1 | 111.5 | 101.4 |
| Less: Comprehensive income (loss) attributable to non-controlling interest | — | 0.0 | 0.0 | 0.0 |
| Comprehensive income attributable to HNI Corporation | $41.5 | $46.1 | $111.5 | $101.4 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.