Office furniture maker HNI Q3 sales miss, adjusted EPS beats estimates

HNI

28/10/2025 11:38

Overview

HNI Q3 sales miss analyst expectations, adjusted EPS beats estimates

Company's strategic initiatives drive strong operational performance and margin expansion

Steelcase acquisition expected to close by end of 2025, enhancing capabilities

Outlook

Company expects Q4 2025 net sales to grow at a high single-digit rate in Workplace Furnishings

Non-GAAP EPS for Q4 2025 expected to increase slightly from 2024

Company anticipates mid-teens percent non-GAAP EPS growth for full year 2025

Result Drivers

PRODUCTIVITY GAINS - Co attributes strong results to productivity improvements and operating expense control

STRATEGIC INITIATIVES - Profit transformation initiatives and synergy benefits from Kimball International acquisition boosted margins

MEXICO FACILITY - Ramp-up of Mexico facility contributed to cost savings and elevated earnings growth visibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$683.80 mln
$689.30 mln (4 Analysts)
Q3 Adjusted EPS
Beat
$1.10
$1.06 (5 Analysts)
Q3 EPS
$0.88
Q3 Net Income
$41.20 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 $67.00, about 32.9% above its October 27 closing price of $44.95

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw7QKR5ba

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