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.
Growth in the office and commercial market sparked sales and profit increases for large office furniture manufacturers Steelcase, Herman Miller and HNI.
HNI Corporation announced it has been named by Chief Executive magazine as one of the world's Best Companies for Leadership Development for 2014. HNI Corporation is listed number 21 on the prestigious annual ranking, which appears in the publication's January/February 2014 issue.
HNI Corporation announced sales for the fourth quarter ended December 28, 2013, of $541.3 million, a 3 percent increase from the prior year quarter and net income of $22.8 million, a 29 percent increase from the prior year quarter.
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.
HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended September 28, 2013, of $565.7 million, a 3 percent increase from the prior year quarter and net income of $28.1 million, a 15 percent increase from the prior year quarter. Net income per diluted share for the quarter was $0.61.
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 announced sales for the second quarter ended June 29, 2013, of $510.7 million, a 6 percent increase from the prior year quarter and net income of $11.4 million, a 63 percent increase from the prior year quarter.
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 Corporation announced sales for the first quarter ended March 30, 2013, of $442.3 million and net income of $1.4 million, or $0.03 per diluted share for the quarter, a three cent improvement from the prior year quarter.