Brief: HNI Corp Reports Earnings For First Quarter Fiscal Year 2023

HNI

08/05/2023 12:55

May 8 (Reuters) - HNI Corp  HNI.N :
    * HNI CORPORATION REPORTS EARNINGS FOR FIRST QUARTER FISCAL
YEAR
2023
    * HNI CORP - EXPECTS WEAKER MACROECONOMIC CONDITIONS TO
IMPACT
WORKPLACE FURNISHINGS DEMAND & PROFITABILITY ON A YEAR-OVER-YEAR
BASIS THROUGH Q2
    * HNI CORP - IN RESIDENTIAL BUILDING PRODUCTS, EXPECTS WEAK
HOUSING MARKET TO RESULT IN YOY REVENUE & PROFIT PRESSURE
PERSISTING THROUGH REMAINDER OF 2023
    * HNI CORP - CONTINUES TO EXPECT EARNINGS SEASONALITY WILL
BE MORE
IN-LINE WITH PRE-PANDEMIC TRENDS
    * HNI CORP - EXPECTS TO GENERATE ABOUT 80% OF ITS ANNUAL
PROFIT IN
SECOND HALF OF 2023
    * HNI CORP - EXPECTS Q2 2023 OPERATING INCOME TO EXCEED Q1
2023
LEVELS
    * HNI CORP - Q2 OUTLOOK EXCLUDES ANY IMPACT FROM CLOSING
KIMBALL
TRANSACTION

Source text for Eikon:  ID:nBw5c5bDLa 
Further company coverage:  HNI.N 

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