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 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.

MUSCATINE, IA -- HNI Corporation (NYSE: HNI), a leader in office furniture, announced its entry into educational furniture through the acquisition of Sagus International Inc. for an undisclosed amount of cash.

HNI Corporation (NYSE: HNI) announced today it has acquired Sagus International, Inc., a privately held designer and manufacturer of educational furniture solutions.