HNI CORPORATION

(HNI)
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HNI Corporation Celebrates 75th Anniversary

01/07/2022 | 09:39am EDT

HNI Corporation (NYSE: HNI) HNI Corporation, a leading manufacturer of workplace furnishings and residential building products, announces its 75th anniversary.

Founded in 1947 in Muscatine, Iowa by visionaries C. Maxwell Stanley, Clement Hanson, and H. Wood Miller, HNI opened its doors under a new premise where everyone would be treated equally and respectfully as members and owners of a productive industrial enterprise. First known as Home-O-Nize Co., the corporation began production as a maker of home appliances, with initial success driven by aluminum card file boxes marketed primarily as recipe boxes.

As the company evolved into office products with the production of utility and filing cabinets, it would later become known as HON INDUSTRIES and finally, HNI Corporation in 2004. In 1981, HNI acquired its first fireplace manufacturing company. Since then, HNI has become the global leader in fireplaces and heating stoves.

“Looking back over that time, our businesses have evolved dramatically, but so much has remained the same: our essence, our member owner culture, and our passion for improving the lives of our members and the communities where we live and work.” said Jeff Lorenger, Chairman, President and Chief Executive Officer of HNI Corporation. “As proud as I am of our history, I am just as excited about the future of HNI.”

In the past 75 years, HNI has:

  • Grown sales from $0 to over $2 billion
  • Contributed more than $40M to the communities in which we operate
  • Created thousands of good paying jobs while currently employing more the 7,700 members worldwide
  • Grown to a family of over 19 industry-leading brands
  • Become a premier supplier of office furniture and the global leader in fireplaces
  • Paid increasing dividends for more than 65 years
  • Created a Board of Directors of whom half are women, accomplished a goal of sourcing 100% renewable energy, and implemented robust diversity and sustainability programs

Find out more about our history by visiting hnicorp.com/75th-anniversary.

About HNI Corporation

HNI Corporation (NYSE: HNI) is a manufacturer of workplace furnishings and residential building products, operating under two segments. The Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, going to market under multiple unique brands. The Residential Building Products segment is the nation’s leading manufacturer and marketer of hearth products, which include a full array of gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. More information can be found on the Corporation’s website at www.hnicorp.com.


© Business Wire 2022
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Financials (USD)
Sales 2022 2 586 M - -
Net income 2022 114 M - -
Net Debt 2022 - - -
P/E ratio 2022 13,6x
Yield 2022 3,51%
Capitalization 1 535 M 1 535 M -
Capi. / Sales 2022 0,59x
Capi. / Sales 2023 0,56x
Nbr of Employees 7 900
Free-Float 98,6%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 36,22 $
Average target price 53,67 $
Spread / Average Target 48,2%
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Managers and Directors
Jeffrey D. Lorenger Chairman, President & Chief Executive Officer
Marshall H. Bridges Chief Financial Officer & Senior Vice President
Kris Rao Chief Information & Digital Officer, VP
Larry B. Porcellato Lead Independent Director
Cheryl A. Francis Independent Director
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