HNI CORP (HNI) Form 10-Q — Aug 4, 2026
HNI Corporation reported a 121% increase in second quarter 2026 net sales to $1.47 billion, driven primarily by the December 2025 acquisition of Steelcase. Despite the revenue surge, net income attributable to HNI Corporation for the six months ended July 4, 2026, plummeted 80.2% to $12.3 million, or $0.17 per share, compared to $62.2 million in the prior year period. The significant earnings decline was attributed to purchase accounting costs related to the Steelcase integration, restructuring and impairment charges of $35.9 million, and a substantial increase in interest expense to $44.4 million due to acquisition financing.
Key figures
- Eps
- 0.17
- Net Income
- 12.3
- Cash Position
- 105
- Revenue Growth
- 123
- Q2 eps
- 0.7
- Q2 net income
- 51.1
- Six month net income prior year
- 62.2
Price after filing
Close on the filing date to close N calendar days later (from $48.44). Historical, not a forecast.
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