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Hni Corp (HNI) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 30, 2019

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, Senior 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 EARNINGS
FOR FIRST QUARTER FISCAL YEAR 2019

MUSCATINE, Iowa (April 22, 2019) – HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended March 30, 2019 of $479.5 million and net income of $1.0 million. GAAP net income per diluted share was $0.02 compared to $0.06 in the prior year. Non-GAAP net income per diluted share was $0.02 compared to $0.10 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Summary Comments
"Our first quarter results were as expected. As anticipated, demand conditions generally improved throughout the quarter after a slow start.  We were able to offset much of the impact from lower volume with cost savings and productivity. We are pleased with the progress on our initiatives and continue to believe our demand and profit results will improve throughout the year," said Jeff Lorenger, HNI Corporation President and Chief Executive Officer.


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The following information was filed by Hni Corp (HNI) on Monday, April 22, 2019 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Equity (Unaudited) (Parenthetical)
Consolidated Statements Of Equity (Unaudited)
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity (Components) (Details)
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity (Narrative) (Details)
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity (Reclassification) (Details)
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity (Stock Repurchases) (Details)
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity (Tables)
Accumulated Other Comprehensive Income (Loss) And Shareholders' Equity - Dividends Declared (Details)
Acquisitions And Divestitures
Basis Of Presentation
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Earnings Per Share Antidilutive Securities Excluded From Earnings Per Share (Details)
Fair Value Measurements (Assets) (Details)
Fair Value Measurements (Tables)
Fair Value Measurements Of Financial Instruments
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Goodwill) (Details)
Goodwill And Other Intangible Assets (Indefinite Lived Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Other Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Amortization Expense (Details)
Goodwill And Other Intangible Assets - Future Amortization Expense (Details)
Goodwill And Other Intangible Assets Schedule Of Goodwill And Intangible Assets (Details)
Guarantees, Commitments And Contingencies
Guarantees, Commitments And Contingencies (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes Narrative (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Leases
Leases - Cash Paid For Amounts Included In The Measurements Of Lease Liabilities And Leased Assets (Details)
Leases - Disclosures Under Topic 840 (Details)
Leases - Lease Costs Included In The Condensed Consolidated Statements On Comprehensive Income (Details)
Leases - Leases Included In The Condensed Consolidated Balance Sheets (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Weighted-Average Remaining Lease Terms And Discount Rates For Operating And Finance Leases (Details)
Leases (Tables)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt Narrative (Details)
Long-Term Debt Schedule Of Long-Term Debt (Details)
Post-Retirement Health Care
Post-Retirement Health Care (Details)
Post-Retirement Health Care (Tables)
Product Warranties
Product Warranties (Details)
Product Warranties (Tables)
Product Warranties - Current And Long Term Warranty (Details)
Recently Adopted Accounting Standards
Recently Adopted Accounting Standards (Policies)
Reportable Segment Information
Reportable Segment Information (Details)
Reportable Segment Information (Tables)
Restructuring
Restructuring (Changes In Restructuring Accruals) (Details)
Restructuring (Tables)
Restructuring Costs Expensed (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers - Disaggregation Of Revenue (Details)
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Change In Contract Assets And Liabilities (Details)
Revenue From Contracts With Customers - Contract Assets And Liabilities (Details)
Revenue From Contracts With Customers - Narrative (Details)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)

Material Contracts, Statements, Certifications & more

Hni Corp provided additional information to their SEC Filing as exhibits

Ticker: HNI
CIK: 48287
Form Type: 10-Q Quarterly Report
Accession Number: 0000048287-19-000077
Submitted to the SEC: Tue Apr 30 2019 5:13:23 AM EST
Accepted by the SEC: Tue Apr 30 2019
Period: Saturday, March 30, 2019
Industry: Office Furniture No Wood

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