HNI Industries Inc. is a prominent manufacturer and designer of office furniture and hearth products. The company focuses on creating innovative and high-quality products that enhance workplace environments, offering a range of solutions including seating, desks, and modular systems that cater to diverse customer needs. In addition to office furniture, HNI also produces heating equipment, such as gas and wood-burning fireplaces, that aim to provide comfort and style for residential spaces. With a commitment to sustainability and customer satisfaction, HNI leverages its industry expertise to deliver functional and aesthetically pleasing offerings for both commercial and consumer markets. Read More
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Steelcase (NYSE:SCS) and the best and worst performers in the office & commercial furniture industry.
Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 65.8% in the afternoon session after the company was acquired by HNI Corporation (NYSE: HNI) in a cash and stock deal valued at approximately $2.2 billion. Under the terms of the agreement, Steelcase shareholders received $7.20 in cash and 0.2192 shares of HNI common stock for each of their shares. The deal, expected to close by the end of 2025, resulted in HNI shareholders owning about 64% of the combined entity, while Steelcase shareholders retained the remaining 36%.
BALA CYNWYD, Pa., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of HNI Corporation (NYSE: HNI) and Steelcase Inc. is fair to HNI shareholders. Upon closing of the proposed transaction, HNI shareholders will own approximately 64% of the combined company.
As the US market prepares to open on Monday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.
HNI Corporation (NYSE: HNI) and Steelcase Inc. (NYSE: SCS) today announced that they have entered into a definitive agreement under which HNI will acquire Steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to Steelcase common shareholders.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
Shares of workplace furnishings manufacturer HNI Corporation (NYSE:HNI) fell 3.1% in the morning session after the company reported strong second-quarter results that surpassed analyst estimates and raised its full-year profit forecast. The workplace furnishings and building products manufacturer posted adjusted earnings per share of $1.11, which was a 41% increase and well ahead of the expected $0.86. Revenue grew 7% year-over-year to $667.1 million, also beating consensus estimates. HNI attributed the strong performance to volume growth across both of its business segments and synergy benefits realized from its acquisition of Kimball. Following the positive results, the company increased its outlook for 2025, noting that it expected double-digit earnings per share growth for the full year.
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 7% year on year to $667.1 million. Its non-GAAP profit of $1.11 per share was 29.7% above analysts’ consensus estimates.
The Russell 2000 (^RUT) is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential.
However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial.
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
HNI Corporation (NYSE: HNI) today celebrated the official ribbon cutting of a new solar installation at HNI’s Highway 61 facility in Muscatine, Iowa. This project marks a significant milestone in local sustainability efforts.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 2% year on year to $599.8 million. Its non-GAAP profit of $0.44 per share was 29.4% above analysts’ consensus estimates.
