HNI Q2 sales and adjusted EPS beat analyst expectations

HNI

30/07/2026 12:52

Overview
U.S. workplace furnishings and hearth products maker's Q2 sales rose, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations, driven by Steelcase acquisition and productivity gains

Outlook
HNI expects Q3 Workplace Furnishings net sales to rise 175-180% year-over-year including Steelcase
Company sees Q3 Residential Building Products net sales roughly unchanged from prior year
HNI expects 2026 full-year non-GAAP EPS growth of 20-25% including net tariff impacts

Result Drivers
STEELCASE ACQUISITION - Co said the Steelcase acquisition was the main driver of year-over-year sales and profit growth
TARIFF IMPACTS AND PRODUCTIVITY - Co said net tariff impacts and operational productivity improvements contributed to profit performance
ORDER IMPROVEMENT - Co said Workplace Furnishings Q2 orders and backlog each grew 5% year-over-year, indicating improving demand

Company press release: ID:nBw5JCqHLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.50 bln
$1.48 bln (4 Analysts)
Q2 Adjusted EPS
Beat
$1.27
$1.04 (4 Analysts)
Q2 EPS
 
$0.70
 
Q2 Net Income
 
$51.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy"
Wall Street's median 12-month price target for HNI Corp is $69.00, about 61.3% above its July 29 closing price of $42.78
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
July 29 - Canada's Decisive Dividend Q2 sales rise on hearth and agriculture demand
July 29 - Canada's DIRTT Q2 revenue rises 4%, net income turns positive
July 30 - Germany's Takkt Q2 sales fall on weaker demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)