HNI

HNI Corp.'s stock has been impacted by the acquisition of Steelcase Inc. for $2.2 billion in August 2025. Q1 2026 earnings reported a net loss of $38.8 million due to acquisition costs and softer demand in Workplace Furnishings. The stock price has declined by 13.27% from May 5, 2025, to May 1, 2026, and by 29.33% over the last 12 months. Geopolitical tensions in the Middle East also contributed to a broader risk-off selloff. HNI announced the consolidation of its manufacturing footprint by closing facilities in Wayland, New York, and Gunlock, Utah. HNI anticipates low single-digit organic sales growth in 2026.