NYSE$HNI
HNI Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
HNI Corporation reported earnings for the second quarter of fiscal year 2021, with increased sales and net income compared to the prior year.
HNI Corporation announced sales of $510.5 million and net income of $17.4 million for the second quarter ended July 3, 2021. Non-GAAP EPS doubled year-over-year, driven by exceptional performance in Residential Building Products and recovery in Workplace Furnishings.
- Non-GAAP EPS doubled vs. prior year due to increased volume and higher productivity.
- Residential Building Products revenue grew 51 percent organically, with operating margin expanding 530 basis points.
- Workplace Furnishings revenue was up approximately nine percent organically, with non-GAAP operating profit increasing more than 20 percent year-over-year.
- The company managed challenges related to labor availability, supply chain capacity, and inflation to deliver strong results.
Headline financials
Revenue & EPS history
HNI · Revenue · Quarterly
$510M
Revenue by segment
HNI · $510M total across 2 segments · Q2 2021
- Workplace Furnishings$344M+11.7%67.4%
- Residential Building$166M+52.1%32.6%
Forward guidance
The Corporation expects consolidated revenue to grow in the mid-20 percent range compared to the prior-year quarter. Profit growth is expected to accelerate after the third quarter as recent price actions become effective and temporary cost actions taken during the pandemic are anniversaried.
Tailwinds
- Strong consolidated growth: Revenue to grow in the mid-20 percent range compared to the prior-year quarter.
- Residential Building Products revenue: Growth rates in the mid-to-high 20 percent range compared to the prior-year quarter.
- Workplace Furnishings revenue: Growth rate in the low-to-mid-20 percent range on a year-over-year basis.
- Strong second quarter order trends
- Continued momentum with office re-entry activity
Headwinds
- Headwinds from labor availability and supply chain constraints.
- Cost challenges related to inflationary pressures.
- Increased growth investments.
- Return of costs associated with temporary actions taken in the prior year.
- Impact of strong volume growth to be mostly offset by cost challenges
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.4%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.3%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+13.8%
Q2 2023
Best reaction
-19.8%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.1% | -10.6% | -14.5% | |
| Q4 2025 | -5.0% | -7.9% | -29.2% | |
| Q3 2025 | -0.4% | -9.0% | -8.5% | |
| Q2 2025 | +3.3% | +1.8% | +6.6% | |
| Q1 2025 | +1.1% | +12.6% | +7.5% | |
| Q4 2024 | +0.3% | -3.0% | -11.5% | |
| Q3 2024 | -4.2% | -4.1% | +8.6% | |
| Q2 2024 | +11.5% | +12.1% | +8.4% | |
| Q1 2024 | -1.3% | +4.0% | +4.6% | |
| Q4 2023 | +0.5% | +2.2% | +3.7% | |
| Q3 2023 | +9.6% | +15.5% | +17.1% | |
| Q2 2023 | +13.8% | +14.7% | +10.0% | |
| Q1 2023 | +8.6% | +9.9% | +9.3% | |
| Q4 2022 | -0.6% | -0.6% | -14.2% | |
| Q3 2022 | +1.8% | +2.8% | +5.0% | |
| Q2 2022 | -2.4% | -7.0% | -7.2% | |
| Q1 2022 | -0.4% | -4.5% | +7.9% | |
| Q4 2021 | -8.1% | -6.1% | -9.8% | |
| Q3 2021 | -7.3% | -6.4% | +6.5% | |
| Q2 2021 | -4.9% | -2.4% | -1.7% | |
| Q1 2021 | +1.8% | +3.9% | +10.3% | |
| Q3 2020 | +1.3% | +1.0% | +4.2% | |
| Q2 2020 | +6.0% | -1.1% | +4.4% | |
| Q1 2020 | -0.0% | +1.7% | +6.9% | |
| Q4 2019 | +7.1% | -2.2% | -42.6% | |
| Q3 2019 | +0.8% | +1.0% | +2.5% | |
| Q2 2019 | -1.3% | +0.4% | -10.9% | |
| Q1 2019 | -6.9% | -3.7% | -7.3% | |
| Q4 2018 | -11.2% | -8.1% | -12.2% | |
| Q3 2018 | +2.1% | -1.6% | -2.0% | |
| Q2 2018 | +11.7% | +7.5% | +10.6% | |
| Q1 2018 | -1.1% | +2.0% | +10.9% | |
| Q4 2017 | +4.1% | +3.0% | +9.4% | |
| Q3 2017 | -19.8% | -16.4% | -21.5% | |
| Q2 2017 | -6.0% | -5.3% | -7.1% | |
| Q1 2017 | -1.4% | -1.7% | -8.5% | |
| Q4 2016 | -0.0% | -1.7% | -2.3% | |
| Q3 2016 | +11.8% | +13.2% | +37.3% | |
| Q2 2016 | +5.8% | +5.2% | +7.8% | |
| Q1 2016 | +4.9% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q3 2015 | -7.4% | — | — | |
| Q2 2015 | -1.9% | — | — | |
| Q1 2015 | -9.9% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | +10.4% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q4 2013 | +8.1% | — | — | |
| Q3 2013 | +8.7% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | -2.6% | — | — | |
| Q4 2012 | -4.6% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | +4.6% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q1 2010 | -1.8% | — | — | |
| Q3 2011 | +12.5% | — | — | |
| Q2 2011 | -3.8% | — | — | |
| Q4 2009 | +4.8% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q3 2010 | +3.8% | — | — | |
| Q2 2010 | -2.0% | — | — | |
| Q4 2010 | -2.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro