Hni Corp (HNI) 10-K Annual Report February 2015

HNI Corporation (NYSE: HNI) today announced sales for the fourth quarter ended January 3, 2015, of $646.7 million and net income of $7.1 million, or $0.16 per diluted share. Non-GAAP net income per diluted share improved 30 percent from the prior year quarter to $0.65, which excludes restructuring charges, goodwill and intangible impairment, transition costs and gain on sale of assets. For fiscal year 2014, the Corporation reported sales of $2.2 billion and net income of $61.5 million, or $1.35 per diluted share. Non-GAAP net income per diluted share improved 38 percent from the prior year to $1.97, which excludes restructuring charges, goodwill and intangible impairment, transition costs and gains on sale of assets.

Fourth Quarter and Year End Summary Comments

"We are pleased with our very strong sales and earnings for the fourth quarter and full year 2014. Our hearth business achieved record financial results for the year, driven by four consecutive quarters of double-digit growth in both new construction and remodel/retrofit channels and strong operational execution. Office furniture sales momentum accelerated in the fourth quarter with significant increases in both our supplies-driven and contract businesses. We enter 2015 financially strong, competitively well positioned and focused on delivering profitable growth," said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.

The following information was filed by Hni Corp (HNI) on Thursday, February 12, 2015 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Hni Corp provided additional information to their SEC Filing as exhibits

Exhibit 21: Subsidiaries

Exhibit 23: Consent

Exhibit 31.1: Certification Of Ceo

Exhibit 31.2: Certification Of Cfo

Exhibit 32.1: Certification Of Ceo And Cfo

Ticker: HNI
CIK: 48287
Form Type: 10-K Annual Report
Accession Number: 0000048287-15-000009
Submitted to the SEC: Fri Feb 27 2015 9:34:05 AM EST
Accepted by the SEC: Fri Feb 27 2015
Period: Saturday, January 3, 2015
Industry: Office Furniture No Wood