The HON Co. said it will close its manufacturing facility in Florence, AL, by the end of 2014, resulting in the layoff of 190 workers. The office furniture company made the announcement May 8.
HNI Corp. (NYSE: HNI), spending $85 million on software and to build new laminate production facilities,said overall third quarter sales rose 3% to $565.7 million, but furniture sales were hurt by a 30% drop in Federal buys.
Contract furniture giant HNI Corp. recorded $510.7 million sales for the second quarter, a 6.3 percent increase from the prior year period. Net income for HNI (NYSE: HNI) grew 63 percent from the prior year quarter, to $11.4 million.
HNI Corporation (NYSE: HNI) reported that improved sales for its hearth division helped compensate for a sales slow-down for its office furniture products during the first quarter.
HNI Corp., fomerly HON, reported sales of $550.9 million third quarter, though net income fell $400,000 to $24.5 million. Summer heat interrupted production, impacting earnings. Capital expenditures doubled to $44 million for the first nine months of the year.
Office furniture giant HNI Corp. announced sales of $466.1 million and income from continuing operations of $12.6 million for the fourth quarter ended Jan. 1, 2011. For fiscal year 2010, the corporation reported sales of $1.7 billion and income from continuing operations of $29.7 million.