FDMC 300

FDMC 300

HNI sales top $2.4 billion, Kimball synergy 'ahead of schedule'

MUSCATINE, Iowa — HNI Corporation achieved sales of $2.434 billion and net income of $49.2 million for the full year ended December 30, 2023. GAAP net income per diluted share was $1.09, compared to $2.94 in the prior year. Non-GAAP net income per diluted share was $2.65, compared to $2.20 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

FDMC 300

Fellowes to close former Trendway plant

Workplace furnishings giant Fellowes announced a number of changes to its Contract Furniture division, formerly known as Trendway, including the closure of the Holland, Michigan, production facility in 2024 and the discontinuation of a portion of its furniture product offerings, including systems, casegoods, filing, storage and tables.

Woodworking Industry News

Flexsteel reports strong 2Q results and closing of Georgia factory

DUBUQUE, Iowa -- Flexsteel Industries, Inc., one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, reported strong second-quarter fiscal 2024 results and announced actions to optimize its North American manufacturing network including through the closure of a manufacturing factory in Dublin, Georgia.