HNI

46.11
Open
46.32
Market Cap
3.33B+
High
46.72
Low
45.76
Close
46.11
Volume
1.05M+
P/E Ratio
41.54
Div/Yield
2.93%

About HNI

Founded in 1944 and headquartered in Muscatine, Iowa, HNI Corporation is a global leader in the design and manufacturing of commercial furniture, as well as a premier producer and marketer of fireplace products. The company operates through a diversified portfolio of brands and sales channels, delivering value to customers worldwide. While aggressively pursuing new growth opportunities, HNI remains committed to strengthening its core businesses, which are organized into two reportable segments: Workplace Furniture and Residential Building Products. The Workplace Furniture segment offers a comprehensive range of products, including furniture systems, seating, storage solutions, tables, architectural products, complementary items, and hospitality furnishings. These are primarily sold through a national network comprising independent dealers, office product distributors, e-commerce retailers, and wholesalers, alongside direct sales to end-user customers and federal, state, and local government entities. The Residential Building Products segment designs and markets an extensive array of fireplaces—including gas, wood, electric, and pellet-fuel models—along with inserts, stoves, facings, outdoor fire pits and hearths, and related accessories. These products reach customers through a nationwide distribution system made up of independent dealers and distributors, as well as company-owned installation and retail outlets. In fiscal year 2024, HNI reported net sales of $2.5 billion, with approximately $1.9 billion (75%) generated by the Workplace Furniture segment and $600 million (25%) by Residential Building Products. For more information, visit the company’s website at http://www.hnicorp.com or contact them at 600 East Second Street, P.O. Box 1109, Muscatine, Iowa 52761-0071.

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