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Hni Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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The Corporation implemented workplace health and safety measures consistent with guidelines from the Centers for Disease Control and Prevention and has taken strong measures to create social distancing and keep members safe.
Gross Profit Gross profit as a percentage of net sales remained flat in the first nine months of 2020 compared to the same period last year as lower volume was offset by net productivity and favorable price-cost.
These expenditures are primarily focused on machinery, equipment, and tooling required to support new products, continuous improvements, and cost savings initiatives in manufacturing processes.
The risks and uncertainties described in this report, as well as those described within Item 1A of the Corporation's Annual Report on Form 10-K for the fiscal year ended December 28, 2019 and Part II, Item 1A of this report, are not exclusive and further information concerning the Corporation, including factors that potentially could have a material effect on the Corporation's financial results or condition, may emerge from time to time.
Operating profit as a percentage of net sales increased 270 basis points in the third quarter of 2020 compared to the same quarter last year.
Operating profit as a percentage...Read more
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22 Results of Operations The...Read more
Workplace Furnishings The following table...Read more
Management believes the Corporation continues...Read more
The new standard becomes effective...Read more
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However, management expects fourth quarter...Read more
23 Selling and Administrative Expenses...Read more
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26 Dividend - The Corporation...Read more
Cash flows are anticipated to...Read more
Net Income Attributable to HNI...Read more
Nine months ended Net sales...Read more
Looking Ahead Management continues to...Read more
The increase was primarily driven...Read more
The increase was primarily driven...Read more
For the third quarter of...Read more
For the first nine months...Read more
Results of Operations - Nine...Read more
Income Taxes The Corporation's income...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
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Hni Corp provided additional information to their SEC Filing as exhibits
Ticker: HNI
CIK: 48287
Form Type: 10-Q Quarterly Report
Accession Number: 0000048287-20-000149
Submitted to the SEC: Tue Oct 27 2020 8:38:59 AM EST
Accepted by the SEC: Tue Oct 27 2020
Period: Saturday, September 26, 2020
Industry: Office Furniture No Wood