EXHIBIT 99.1
 
                                 News Release
 

 
For Information Contact:
Kelly McGriff, Treasurer and Vice President, Investor Relations (563) 272-7967
Kurt A. Tjaden, Vice President and Chief Financial Officer (563) 272-7400
 

HNI CORPORATION ANNOUNCES RESULTS FOR
FOURTH QUARTER AND YEAR-END – FISCAL 2009
 

MUSCATINE, Iowa (February 9, 2010) –
HNI Corporation (NYSE: HNI) today announced sales of $413.7 million and a net loss of $10.8 million for the fourth quarter ending January 2, 2010.  Net income per diluted share for the quarter was ($0.24) or $0.26 on a non-GAAP basis when excluding restructuring and impairment charges and transition costs.  For fiscal year 2009, the Corporation reported sales of $1.7 billion and a net loss of $6.4 million.  Net income per diluted share for the year was ($0.14) or $0.70 on a non-GAAP basis when excluding restructuring and impairment charges, transition costs, and non-operating gains.

Fourth Quarter and FY'09 Summary Comments
"We continued to confront highly challenging market conditions with focused and strong actions during the quarter, aligning our businesses with current demand and investing in long-term growth initiatives.  Cost reductions, material favorability and freight efficiencies allowed us to modestly exceed our fourth quarter non-GAAP profit and cash flow expectations.

"We ended the year financially strong and competitively well positioned despite unprecedented challenges.  We achieved these results due to the hard work and commitment of our members," said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.

 
 

The following information was filed by Hni Corp (HNI) on Wednesday, February 10, 2010 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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