HNI Corp. (HNI) Tops Q2 EPS by 3c, Offers Guidance

HNI Corp. (NYSE: HNI) reported Q2 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $568.2 million versus the consensus estimate of $581.67 million.

HNI Corp. sees Q3 2015 EPS of $0.84-$0.89, versus the consensus of $1.01.

HNI Corp. sees FY2015 EPS of $2.55-$2.65, versus the consensus of $2.55.

Outlook "We delivered very strong results during the first six months of 2015. I remain confident in our ability to grow sales and significantly increase profits for the remainder of the year. Our office furniture and hearth businesses are performing well and we continue to make investments to drive long-term profitable growth and shareholder value," said Mr. Askren.

The Corporation estimates sales to be up 5 to 9 percent in the third quarter over the same period in the prior year, including sales from the Vermont Castings Group acquisition. Non-GAAP earnings per share are anticipated to be in the range of $0.84 to $0.89 for the third quarter and $2.55 to $2.65 for the full year, which includes the Vermont Castings Group acquisition results and excludes restructuring and transition costs.

For earnings history and earnings-related data on HNI Corp. (HNI) click here.

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