HNI Corporation
hnicorp.comWhat Do They Do?
Makes office furniture for businesses, government agencies, and other organizations. Also makes fireplaces and heating products for builders and homeowners.
10-K for FY2025, filed Mar 3, 2026The various Workplace Furnishings businesses sell similar products that include panel-based and freestanding furniture systems, seating…View ↗
The Residential Building Products businesses manufacture and sell a full array of gas, wood, electric, and pellet-fueled fireplaces…View ↗
The workplace furnishings market, in which the Corporation is the market leader, consists of two primary channels — the contract channel…View ↗
The Corporation also competes in the residential building products industry, where it is the North American market leader in hearth…View ↗
Who Are Their Customers?
Businesses and public agencies buy workplace furnishings mainly through dealers and office-product distributors, with some direct sales to government offices. Builders and homeowners buy hearth products through independent dealers, distributors, and HNI-owned installing and retail outlets.
10-K for FY2025, filed Mar 3, 2026The various Workplace Furnishings businesses sell similar products that include panel-based and freestanding furniture systems, seating…View ↗
The Residential Building Products businesses manufacture and sell a full array of gas, wood, electric, and pellet-fueled fireplaces…View ↗
The Corporation sells its products through various distribution channels, including the following:View ↗
Independent and company-owned office products dealers that specialize in the sale of office furniture and/or office products to commercial…View ↗
Hearth & Home sells its products through independent dealers, distributors, and Corporation-owned installing distribution and retail…View ↗
How Are They Changing?
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Jul 30, 2026
Sets an adjusted earnings-per-share growth outlook
It now expects adjusted earnings per share to grow 20-25% in 2026.
Sources
8-K, filed Jul 30, 2026
GAAP diluted EPS for Q2 was $0.70 (-31% YoY). On a non-GAAP basis, diluted EPS was $1.27 (+14% YoY). Profit performance versus the prior…View ↗
Steelcase joins furnishings business
The older report listed Steelcase as a workplace-furnishings competitor; the latest says HNI acquired it and included its results in Workplace Furnishings.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Mar 3, 2026The workplace furnishings industry is highly competitive, with a significant number of competitors offering similar products. The…View ↗
HNI India divested
The older report described HNI India making and distributing office furniture to end users and through dealers; the latest says HNI divested that business.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Mar 3, 2026The Corporation also makes export sales through HNI International to independent office furniture dealers and wholesale distributors…View ↗
During 2025, in Workplace Furnishings, the strategic focus remains margin expansion. The ongoing integration of the Kimball International…View ↗
Who Do They Compete With?
Competes with MillerKnoll, Haworth, The Global Group, Krueger International, Teknion, Travis Industries, Innovative Hearth Products, Wolf Steel, and FPI Fireplace Products International
10-K for FY2025, filed Mar 3, 2026The workplace furnishings industry is characterized by intense competition, with a significant number of competitors offering similar…View ↗
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