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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

HNI Corporation reports strong sales and earnings for 1st Qtr fiscal year 2015

Friday 24 April 2015

HNI Corporation today announced sales for the first quarter ended April 4, 2015, of $523.5 million and net income of $8.5 million, or $0.19 per diluted share.
First Quarter Summary Comments
"We are pleased with our very strong sales and earnings for the first quarter. Performance in our office furniture businesses was outstanding, with double-digit growth in both the supplies-driven and contract businesses and strong operational execution. Our hearth business delivered significant sales growth inthe new construction channel," said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.

Outlook
"Our office furniture and hearth businesses have strong momentum as we enter the second quarter. We continue to make investments to drive long-term profitable growth and shareholder value," said Mr. Askren.
The Corporation estimates sales to be up 12% to 16% in the second quarter over the same period in the prior year, including sales from the Vermont Castings Group acquisition.

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