Earnings Releases·Nov 3, 2026, 8:10 AM ET

HNI Corporation — Third Quarter 2026 Earnings Summary

Consolidated net sales surged 133% year-over-year to $1.6 billion, driven by the Steelcase acquisition which contributed $870.6 million, while organic sales grew 5.6%; GAAP diluted EPS rose 39.8% to $1.23 and Non-GAAP diluted EPS increased 47.3% to $1.62.
Full-year 2026 Non-GAAP diluted EPS growth is guided for 20-25%, with double-digit growth expected for 2027 as cumulative Steelcase synergies reach $70 million by year-end 2027 and total mature synergies exceed $130 million.
Workplace Furnishings sales jumped 174% to $1.4 billion, while Residential Building Products sales rose 4.8% to $175.0 million; the latter segment saw double-digit growth in remodel-retrofit revenue offsetting new construction weakness.
Synergy capture from the December 2025 Steelcase acquisition is progressing ahead of plan, though temporary inflationary price-cost pressures in 2026 are expected to offset near-term synergy upside before price-cost neutrality returns in 2027.
The company maintains a strong balance sheet with reduced net debt levels, paid $77.6 million in dividends over the nine months ended October 3, 2026, and continues to prioritize capital discipline alongside a longstanding dividend commitment.