49.75
+5.27%
Close of 9 Nov 2026, in USD
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About HNI
From its filings with the US Securities and Exchange Commission
HNI is based in Muscatine, Iowa and is incorporated in Iowa. Its shares trade on NYSE under the ticker HNI. The SEC classifies its business as office furniture (no wood). In the fiscal year to 3 January 2026, it reported revenue of $2.84bn and net income of $54.2m. At that date it held total assets of $4.88bn and shareholders' equity of $1.84bn.
HNI Corporation has been improving where people live, work, and gather for more than 80 years. HNI is a manufacturer of workplace furnishings and residential building products. Within workplace furnishings, the Corporation is the thought leader in commercial furnishings and the preeminent global designer, innovator, and provider of workplace solutions going to market under unique brands serving multiple channels and customers from the largest multinational companies to small local businesses. Within residential building products, the Corporation is the nation's leading manufacturer and marketer of hearth products. The Corporation utilizes a multi-faceted go-to-market model to deliver value to customers via various brands and selling models. HNI is focused on growing its existing businesses while seeking out and developing new opportunities for expansion.
On December 10, 2025 the Corporation acquired by merger Steelcase Inc. ("Steelcase"), a global design and furniture company headquartered in Grand Rapids, Michigan, for total consideration of cash and HNI common stock valued at $1.9 billion. The highly complementary geographic footprints and dealer networks of HNI and Steelcase bolster the combined company's ability to serve more customers across diverse industry segments. The Corporation has included the financial results of Steelcase in the Consolidated Financial Statements starting as of the date of acquisition. References to "legacy" HNI businesses in this report exclude the acquisition of Steelcase and its impact on the Corporation's businesses.
Quoted from its 10-K, filed 3 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Listed since
- 2 Jul 1998
- Employees
- 19,500
- Website
- hnicorp.com ↗
- Head office
- 600 EAST SECOND STREET - PO BOX 1109, MUSCATINE, IA, 52761-7109
- Incorporated in
- IA
- Classification
- Office Furniture (No Wood)
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Jeffrey LorengerChairman of the Board, President, Chief Executive Officer, since 2005$7.1m
- Mr. Vincent BergerChief Financial Officer, Executive Vice President$1.7m
- Mr. Jason HagedornPresident, Allsteel LLC
- Mr. Brian SmithPresident, Hearth & Home Technologies
- Mr. B. Brandon BullockChief Operating Officer, President of The HON Company$1.4m
- Mr. Gregory MeunierExecutive Vice President, Global Operations, Kimball International
- Mr. Steven BradfordSenior Vice President, General Counsel, Secretary$1.4m
- Mr. Radhakrishna RaoVice President, Chief Information & Digital Officer
- Ms. Jennifer PetersenVice President, Member and Community Relations
- Mr. Michael RochChief Customer Officer, Kimball International
- Ms. Kourtney SmithChief Operating Officer, Kimball International
- Mr. Miguel CaladoLead Independent Director$239,878
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 78
- Environment
- 99
- Social
- 89
- Governance
- 47
- Direct emissions (scope 1)
- 48,252 t
- Energy emissions (scope 2)
- 71,688 t
- Value chain emissions (scope 3)
- 1,893,024 t
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- HNI Corp possesses several strengths that contribute to its success in the market. Firstly, the company has a strong reputation for manufacturing high-quality office furniture products, which allows them to attract a loyal customer base. Additionally, HNI Corp has a diverse product portfolio, offering a wide range of customizable options to meet the varying needs of customers. This flexibility provides a competitive advantage in the industry.
- Another strength of HNI Corp is their strong distribution network. The company has established partnerships with a large number of retailers and distributors, enabling them to reach a broader customer base both domestically and internationally. This extensive network enhances their market presence and creates opportunities for increased sales and market share.
Weaknesses
- Despite its strengths, HNI Corp also faces certain weaknesses that should be taken into consideration. One key weakness is the company's dependency on a few major customers for a significant portion of their revenue. This reliance on a limited customer base exposes HNI Corp to the risk of market fluctuations and potential loss of revenue if these customers reduce their orders or switch to competitors.
- Additionally, HNI Corp has relatively high production costs due to the need for quality materials and the complexity of the customization process. This can impact their profit margins, especially when competing with lower-priced alternatives in the market. It is crucial for HNI Corp to manage costs effectively to maintain profitability and remain competitive.
Opportunities
- There are several opportunities that HNI Corp can explore to further grow and expand their business. One significant opportunity lies in the increasing demand for ergonomic office furniture, driven by the growing awareness of the importance of employee well-being and productivity. By leveraging their expertise in manufacturing high-quality products, HNI Corp can develop and market ergonomic furniture solutions to capture this emerging market segment.
- Another opportunity for HNI Corp is the expansion into international markets. As globalization continues to advance, there is a growing demand for office furniture in developing countries. By strategically entering these markets, HNI Corp can tap into new customer bases and diversify their revenue streams.
Threats
- HNI Corp faces several threats that could potentially impact its business operations. One major threat is the intense competition in the office furniture industry. Competitors may offer similar products at lower prices, posing a challenge for HNI Corp to maintain market share and profitability. The company must continuously innovate and differentiate itself to stay ahead of the competition.
- Economic downturns and fluctuations in the housing and commercial construction markets also pose threats to HNI Corp. These external factors can affect the demand for office furniture, leading to lower sales volumes. It is essential for the company to closely monitor market conditions and adjust their production and marketing strategies accordingly.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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