HNI Corp. Third Quarter Results Hit by Summer Heatwave

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.
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HNI posts year-end gains

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.
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