EXHIBIT 99.1
 
                                 News Release
 

 
For Information Contact:
Kelly McGriff, Treasurer and Vice President, Investor Relations (563) 272-7967
Kurt A. Tjaden, Vice President and Chief Financial Officer (563) 272-7400
 

HNI CORPORATION ANNOUNCES RESULTS FOR FOURTH QUARTER AND YEAR-END – FISCAL 2010

MUSCATINE, Iowa (February 8, 2011) –
HNI Corporation (NYSE: HNI) today announced sales of $466.1 million and income from continuing operations of $12.6 million for
the fourth quarter ended January 1, 2011.  Net income per diluted share from continuing operations for the quarter was $0.27 or $0.39 on a non-GAAP basis when excluding restructuring and impairment charges and transition costs.  For fiscal year 2010, the Corporation reported sales of $1.7 billion and income from continuing operations of $29.7 million.  Net income per diluted share from continuing operations for the year was $0.65 or $0.82 on a non-GAAP basis when excluding restructuring and impairment charges, transition costs, and non-operating gains.

Fourth Quarter and FY'10 Summary Comments
"We delivered strong performance across all of our businesses in the fourth quarter, led by double digit growth in our office furniture segment.  The cost reset actions implemented in 2009 and 2010, combined with our strategic growth initiatives, resulted in an increase in earnings of more than 40 percent over prior year quarter.

We enter 2011 financially stronger, well positioned within our markets and focused on long-term profitable growth," said Stan Askren, HNI Corporation Chairman, President
and Chief Executive Officer.








 
 

The following information was filed by Hni Corp (HNI) on Wednesday, February 9, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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