HNI Corporation (HNI)

HNI Corp.'s stock price has declined by 17.37% from October 21, 2024, to October 17, 2025, and 16% over the past year as of October 14, 2025. The company missed Wall Street's revenue expectations in Q3 CY2025, but its adjusted earnings per share surpassed estimates. HNI announced an exchange offer for Steelcase's outstanding 5.125% Notes due 2029, which was extended to December 5, 2025, as part of its acquisition of Steelcase, Inc.

Revenue in the workplace furnishings segment tends to peak in the third quarter and declines through the first quarter. Sales for the residential building products segment are concentrated during the fall and winter months. The residential market's demand is sensitive to broader housing market activity and fluctuations in interest rates.

HNI Corporation is a manufacturer of workplace furnishings and residential building products, operating in the office furniture and hearth products industries. The Workplace Furnishings segment provides commercial and home office furniture under brands like HON, Allsteel, and Kimball. The Residential Building Products segment manufactures hearth products, including fireplaces and accessories. HNI acquired Kimball International in 2023.

HNI Corp. has operations and sales across North America, including the Caribbean, Latin America, and Mexico. It also has an international presence in India, Canada, China, Hong Kong, Dubai, Taiwan, and Singapore.

HNI Corp. has maintained a strong brand reputation, being named among America's Most Responsible Companies by Newsweek for the sixth consecutive year in 2025. The company was also included in U.S. News & World Report's 2024 list of Best Companies to Work For and received a 2025 Shipper of Choice award.

Institutional investors hold approximately 81% of HNI Corp.'s stock, with major holders including BlackRock, Inc., and Vanguard Group Inc. The general public holds about 17-18% of the company's ownership.