← HNI CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.2b |
$2.3b
+3.77%
|
$2.2b
-0.48%
|
$2.0b
-12.98%
|
$2.0b
0.00%
|
$2.4b
+20.79%
|
$2.4b
+3.06%
|
$2.5b
+3.80%
|
$2.8b
+12.37%
|
$2.8b
0.00%
|
$4.4b
+54.71%
|
|
| Interest Revenue (Expense), Net | — | ($9.4m) | ($8.6m) | ($7.0m) | — | ($8.8m) | ($25.5m) | ($27.2m) | ($35.6m) | — | — | |
| Cost of Revenue | $1.4b |
$1.4b
+2.22%
|
$1.4b
-0.68%
|
$1.2b
-12.66%
|
$1.2b
0.00%
|
$1.5b
+23.71%
|
$1.5b
-2.70%
|
$1.5b
+0.49%
|
$1.7b
+11.38%
|
$1.7b
0.00%
|
$2.6b
+55.96%
|
|
| Cost of sales | $1.4b |
$1.4b
+2.22%
|
$1.4b
-0.68%
|
— | $1.2b |
$1.4b
+15.62%
|
$1.5b
+4.11%
|
$1.5b
+0.49%
|
— | $1.7b |
$2.6b
+55.96%
|
|
| Gross Profit | $784.0m |
$835.0m
+6.51%
|
$833.8m
-0.15%
|
$721.1m
-13.51%
|
$721.1m
0.00%
|
$834.9m
+15.78%
|
$948.3m
+13.58%
|
$1.0b
+8.97%
|
$1.2b
+13.81%
|
$1.2b
0.00%
|
$1.8b
+52.93%
|
|
| Research and Development Expense | $31.8m | $33.4m | $34.7m | $35.3m | — | $47.8m | $47.2m | $53.6m | $56.6m | — | — | |
| Selling, General and Administrative Expense | $671.8m | $691.1m | $680.0m | $620.9m | $620.9m | $723.4m | $813.2m | $820.7m | $937.0m | $937.0m | $1.6b | |
| Amortization of Intangible Assets | $7.0m | $6.6m | $6.3m | $5.0m | — | $6.5m | $8.5m | $10.5m | $12.2m | — | — | |
| Restructuring Costs | — | — | — | — | — | $15.5m | $45.7m | $11.2m | $21.1m | — | — | |
| Restructuring, impairment, and loss on divestiture | — | — | — | — | — | — | $44.8m | $6.2m | — | $18.5m | — | |
| Operating Income (Loss) | $76.7m |
$128.2m
+67.13%
|
$151.3m
+18.08%
|
$61.4m
-59.45%
|
$61.4m
0.00%
|
$155.2m
+152.87%
|
$90.3m
-41.82%
|
$206.5m
+128.68%
|
$126.0m
-38.98%
|
$126.0m
0.00%
|
$236.8m
+87.94%
|
|
| Interest Expense | $6.4m | $10.0m | $8.6m | $7.0m | — | — | — | — | — | — | $68.3m | |
| Interest expense, net | $6.1m | $9.4m | $8.6m | — | $7.0m | $7.2m | $25.5m | $27.2m | — | $35.6m | $68.3m | |
| Investment Income, Interest | $297k | $579k | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $400k | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | $600k | — | — | |
| Other non-operating income, net | — | — | — | — | — | — | $0 | $0 | — | $400k | — | |
| Interest Income (Expense), Nonoperating, Net | — | ($9.4m) | ($8.6m) | ($7.0m) | — | ($8.8m) | ($25.5m) | ($27.2m) | ($35.6m) | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | $94.5m | — | $25.4m | |
| Income before income taxes | $70.6m | $118.7m | $142.7m | — | $54.4m | $78.3m | $64.8m | $179.3m | — | $90.8m | $25.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $146.4m | $64.8m | $179.3m | $90.8m | — | $25.4m | |
| Current Income Tax Expense (Benefit) | $13.7m | $21.5m | $26.2m | $24.5m | — | $38.5m | $16.6m | $53.1m | $2.8m | — | $20.9m | |
| Income Tax Expense (Benefit) | ($19.3m) | $25.4m | $32.2m | $12.5m | $12.5m | $22.5m | $15.6m | $39.8m | $36.5m | $36.5m | $20.9m | |
| Less: Net income attributable to non-controlling interest | $103k | ($51k) | ($2k) | $2k | $2k | ($3k) | $0 | $0 | $0 | $0 | — | |
| Net Income (Loss) Attributable to Parent | $89.8m |
$93.4m
+3.99%
|
$110.5m
+18.34%
|
$41.9m
-62.07%
|
$41.9m
0.00%
|
$123.9m
+195.58%
|
$49.2m
-60.29%
|
$139.5m
+183.54%
|
$54.2m
-61.15%
|
$54.2m
0.00%
|
$4.3m
-92.07%
|
|
| Earnings Per Share, Basic | $2.05 | $2.14 | $2.56 | $0.98 | $0.98 | $2.97 | $1.11 | $2.95 | $1.13 | $1.13 | ($0.03) | |
| Earnings Per Share, Diluted | $2.00 | $2.11 | $2.54 | $0.98 | $0.98 | $2.94 | $1.09 | $2.88 | $1.11 | $1.11 | ($0.03) | |
| Common Stock, Dividends, Per Share, Declared | $1.13 | $1.17 | $1.21 | $1.22 | $0.00 | $1.27 | $1.28 | $1.31 | $1.35 | $0.00 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 43.8m | 43.6m | 43.1m | 42.7m | — | 41.7m | 44.5m | 47.4m | 47.9m | — | 60.5m | |
| Average number of common shares outstanding – basic (in shares) | 43.8m | 43.6m | 43.1m | — | 42.7m | 43.4m | 44.5m | 47.4m | — | 47.9m | — | |
| Average number of common shares outstanding - diluted (in shares) | 44.8m | 44.3m | 43.5m | — | 43.0m | 44.0m | 45.4m | 48.5m | — | 48.9m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 44.8m | 44.3m | 43.5m | 43.0m | — | 42.2m | 45.4m | 48.5m | 48.9m | — | 61.0m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | $94.6m | — | — | |
| Capitalized Computer Software, Amortization | $9.4m | $17.1m | $18.1m | $19.3m | — | $24.4m | $21.6m | $20.4m | $18.7m | — | — | |
| Goodwill, Impairment Loss | $11.2m | $12.2m | — | $28.5m | — | — | $27.6m | — | $0 | — | — | |
| Acquisition costs | — | — | — | — | — | — | $41.2m | $0 | — | $94.6m | — | |
| Foreign currency translation adjustments | $1.2m | ($3.0m) | ($61k) | — | $1.8m | $417k | ($200k) | ($400k) | — | $8.5m | — | |
| Change in unrealized gains (losses) on marketable securities, net of tax | ($27k) | ($24k) | ($251k) | — | $265k | ($301k) | $400k | $100k | — | $200k | — | |
| Change in pension and post-retirement liability, net of tax | ($463k) | $2.7m | ($2.8m) | — | ($920k) | $1.2m | $0 | $1.1m | — | $3.4m | — | |
| Change in derivative financial instruments, net of tax | $660k | $339k | ($2.0m) | — | ($2.3m) | $1.0m | ($2.8m) | $1.6m | — | ($400k) | — | |
| Other comprehensive income (loss), net of tax | $1.4m | $12k | ($4.5m) | — | ($1.1m) | $2.4m | ($2.6m) | $2.4m | — | $11.8m | — | |
| Comprehensive income | $91.3m | $93.3m | $106.0m | — | $40.8m | $62.2m | $46.6m | $141.9m | — | $66.0m | — | |
| Less: Comprehensive income (loss) attributable to non-controlling interest | $103k | ($51k) | ($2k) | $2k | $2k | ($3k) | $0 | $0 | $0 | $0 | — | |
| Comprehensive income attributable to HNI Corporation | $91.2m | $93.4m | $106.0m | — | $40.8m | $62.2m | $46.6m | $141.9m | — | $66.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.