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Hni Corp (HNI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Hni Corp

CIK: 48287 Ticker: HNI

                                    
HNI Corporation 600 East Second Street, Muscatine, Iowa 52761, Tel 563 272 7400, Fax 563 272 7347, www.hnicorp.com

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News Release
                                
For Information Contact:
Marshall H. Bridges, Vice President and Chief Financial Officer (563) 272-7400
Jack D. Herring, Treasurer, Director of Finance and Investor Relations (563) 506-9783

HNI CORPORATION REPORTS
INCREASED EARNINGS FOR FISCAL YEAR 2016


MUSCATINE, Iowa (FEBRUARY 8, 2017) – HNI Corporation (NYSE: HNI) today announced sales for the full year ended December 31, 2016 of $2,203 million and net income of $86 million or $1.88 per diluted share. Non-GAAP net income per diluted share increased 1.6 percent from the prior year to $2.62.

Fourth quarter sales were $581 million and net income was $11 million or $0.24 per diluted share. Non-GAAP net income per diluted share decreased 9.9 percent from the prior year quarter to $0.82. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Year-End Summary Comments
"2016 was another strong year. We increased non-GAAP operating margins 50 basis points while generating significant cash flow and increasing our strong dividend. Our businesses performed well as we strategically repositioned and simplified our portfolio to increase profitability. We continued to significantly invest in our businesses to drive long-term profitable growth. I am pleased with our 2016 results. We exit the year a stronger company, well positioned to drive long-term shareholder value," said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.





The following information was filed by Hni Corp (HNI) on Wednesday, February 8, 2017 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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Inside Hni Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Accounts Payable And Accrued Expenses
Accounts Payable And Accrued Expenses (details)
Accounts Payable And Accrued Expenses (tables)
Acquisitions And Divestitures
Acquisitions And Divestitures (details)
Fair Value Measurements Of Financial Instruments
Fair Value Measurements Of Financial Instruments (details)
Fair Value Measurements Of Financial Instruments (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (goodwill) (details)
Goodwill And Other Intangible Assets (narrative) (details)
Goodwill And Other Intangible Assets (other Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Guarantees, Commitments And Contingencies
Guarantees, Commitments And Contingencies (details)
Income Taxes
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (effective Income Tax Rate Reconciliation) (details)
Income Taxes (narrative) (details)
Income Taxes (provision For Income Taxes) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits) (details)
Income Taxes Income Taxes (valuation Allowance For Deferred Tax Asset) (details)
Inventories
Inventories (details)
Inventories (tables)
Leases
Leases (details)
Leases (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Debt (schedule Of Maturities Of Long-term Debt) (details)
Long-term Debt (tables)
Long-term Debt Long-term Debt (schedule Of Long-term Debt) (details)
Nature Of Operations
Post-retirement Health Care
Post-retirement Health Care (components Of Net Periodic Post-retirement Benefit Cost) (details)
Post-retirement Health Care (estimated Future Benefit Payments) (details)
Post-retirement Health Care (narrative) (details)
Post-retirement Health Care (schedule Of Cost Of Retirement Plans) (details)
Post-retirement Health Care (tables)
Property, Plant, And Equipment
Property, Plant, And Equipment (details)
Property, Plant, And Equipment (tables)
Reportable Segment Information
Reportable Segment Information (business Segment Information) (details)
Reportable Segment Information (net Sales By Product Category) (details)
Reportable Segment Information (tables)
Restructuring And Impairment Charges
Restructuring And Impairment Charges (schedule Of Restructuring Reserve By Type Of Cost) (details)
Restructuring And Impairment Charges (tables)
Restructuring And Impairment Charges - Narrative (details)
Retirement Benefits
Retirement Benefits (details)
Shareholders' Equity
Shareholders' Equity (accumulated Other Comprehensive Loss) (details)
Shareholders' Equity (common And Preferred Stocks) (details)
Shareholders' Equity (dividends Declared And Paid Per Share) (details)
Shareholders' Equity (narrative) (details)
Shareholders' Equity (reclassifications From Accumulated Other Comprehensive Income (loss)) (details)
Shareholders' Equity (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (other Information) (details)
Stock-based Compensation (outstanding Rsu Activity) (details)
Stock-based Compensation (outstanding Stock Option Activity) (details)
Stock-based Compensation (stock Option Vested Or Expected To Vest And Are Exercisable) (details)
Stock-based Compensation (tables)
Stock-based Compensation (valuation Assumptions) (details)
Stock-based Compensation Stock-based Compensation (non-vested Stock Option Activity) (details)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (allowance For Doubtful Accounts) (details)
Summary Of Significant Accounting Policies (cash, Cash Equivalents And Investments) (details)
Summary Of Significant Accounting Policies (earnings Per Share) (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (product Warranties) (details)
Summary Of Significant Accounting Policies (tables)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Ticker: HNI
CIK: 48287
Form Type: 10-K Annual Report
Accession Number: 0000048287-17-000067
Submitted to the SEC: Fri Feb 24 2017 12:38:42 PM EST
Accepted by the SEC: Fri Feb 24 2017
Period: Saturday, December 31, 2016
Industry: Office Furniture No Wood

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