MUSCATINE, Iowa (AP) _ HNI Corp. (HNI) on Wednesday reported first-quarter net income of $15 million, after reporting a loss in the same period a year earlier.
The Muscatine, Iowa-based company said it had net income of 34 cents per share. Earnings, adjusted for non-recurring costs, came to 36 cents per share.
The maker of office furniture and fireplaces posted revenue of $484.3 million in the period.
HNI shares have climbed 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.03, a rise of 68% in the last 12 months.
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