Shares of HNI HNI moved higher by 8% in pre-market trading after the company reported Q3 results.
Earnings per share were down 34.26% year over year to $0.71, which beat the estimate of $0.46.
Revenue of $507,063,000 decreased by 18.92% from the same period last year, which beat the estimate of $496,500,000.
HNI hasn't issued any earnings guidance for the time being.
HNI hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Oct 19, 2020
Time: 11:00 AM
Recent Stock Performance
52-week high: $42.90
Company's 52-week low was at $16.61
Price action over last quarter: Up 12.60%
HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its office furniture segment, which consists of products such as panel-based and freestanding furniture systems and complementary products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. The hearth segment consists of products including gas-, wood-, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, mainland China, Hong Kong, India, and Taiwan.
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