HNI Corp. (HNI) Tops Q2 EPS by 3c; Guides FY16 EPS to Strong Side of Ests
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HNI Corporation Reports Continued Double Digit Earnings Growth For Second Quarter Fiscal Year 2016
July 21, 2016 4:30 PM EDTMUSCATINE, Iowa, July 21, 2016 /PRNewswire/ -- HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended July 2, 2016 of $536.5 million and net income of $29.0 million. GAAP net income per diluted share improved 23 percent from the prior year quarter to $0.64. Non-GAAP net income per diluted share, which excludes restructuring and transition costs and a nonrecurring gain, improved 28 percent from the prior year quarter to $0.68.
Second Quarter Summary Comments
"We are pleased with our strong results for the second quarter driven by outstanding operational execution in both our office furniture... More
