MUSCATINE, IA -- Office furniture maker HNI Corp. (NYSE: HNI) lost $1.8 million despite a sales rise of 9 percent to $396.2 million for the first quarter ending April 2, 2011. "All segments delivered sales growth led by continued double-digit increases in our office furniture contract and international businesses," said Stan Askren, HNI chairman, president and CEO. "Strong performance in the alternative energy market also drove growth in our hearth business," he said. HNI brands include HON, Allsteel, Gunlocke and Paoli.
HNI says first quarter results included $1.4 million of restructuring charges. These included $1.0 million associated with previously announced shutdown and consolidation of production of office furniture manufacturing locations and $0.4 million related to restructuring of hearth operations.
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