EXHIBIT 99.1
 
                                 News Release
 

 
For Information Contact:
Derek P. Schmidt, Vice President, Corporate Finance (563) 272-7344
Kurt A. Tjaden, Vice President and Chief Financial Officer (563) 272-7400
 

 
HNI CORPORATION ANNOUNCES INCREASED SALES AND EARNINGS FOR FOURTH QUARTER
AND YEAR-END – FISCAL 2011

MUSCATINE, Iowa (February 7, 2012) –
HNI Corporation (NYSE: HNI) today announced sales for the fourth quarter ended December 31, 2011, of $500.3 million, a 7 percent increase from the prior year quarter, and income from continuing operations of $18.0 million, a 43 percent increase from prior year quarter.  Net income per diluted share from continuing operations for the quarter was $0.40 or $0.41 on a non-GAAP basis when excluding restructuring and transition costs and non-operating gains.  For fiscal year 2011, the Corporation reported sales of $1.8 billion, a 9 percent increase from prior year, and income from continuing operations of $45.7 million, a 54 percent increase from prior year.  Net income per diluted share from continuing operations for the year was $1.01 or $1.05 on a non-GAAP basis when excluding restructuring and transition costs and non-operating gains.

Fourth Quarter and FY'11 Summary Comments
"We are pleased with our strong execution and solid profit improvement for the fourth quarter and full year 2011.  Our growth investments delivered top-line improvement across all businesses in the quarter, and outstanding working capital results drove significant cash generation.  Office furniture sales growth was led by strong performance in our contract and international businesses.  Hearth sales benefited from improved conditions in new home construction and high energy prices.

We enter 2012 financially strong and with positive momentum across all of our businesses.  We are aggressively investing for growth, competitively well positioned within our markets, and delivering 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 8, 2012 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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