HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2020
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HNI Corp. (HNI) Tops Q4 EPS by 6c, Revenues Miss
March 1, 2021 7:38 AM ESTHNI Corp. (NYSE: HNI) reported Q4 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $562.1 million versus the consensus estimate of $572.83 million.
Fourth Quarter Highlights
Double-digit revenue and profit growth in Residential Building Products. Fourth quarter segment revenue increased 15.9 percent organically year-over-year, while operating profit was 11.4 percent higher than the year-ago period.Solid profitability in Workplace Furnishings. Fourth quarter segment operating profit exceeded $11 million, despite an 18.6 percent year-over-year top line contraction.Strong cash flow generation. Fourth quarter operating cash flow totaled $71 million, and... More