HNI Corp
NYSE:HNI
Income Statement
Earnings Waterfall
HNI Corp
Revenue
|
2.4B
USD
|
Cost of Revenue
|
-1.5B
USD
|
Gross Profit
|
948.3m
USD
|
Operating Expenses
|
-813.2m
USD
|
Operating Income
|
135.1m
USD
|
Other Expenses
|
-85.9m
USD
|
Net Income
|
49.2m
USD
|
Income Statement
HNI Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 060
N/A
|
2 070
+0%
|
2 068
0%
|
2 117
+2%
|
2 223
+5%
|
2 294
+3%
|
2 353
+3%
|
2 354
+0%
|
2 304
-2%
|
2 282
-1%
|
2 250
-1%
|
2 219
-1%
|
2 204
-1%
|
2 180
-1%
|
2 158
-1%
|
2 173
+1%
|
2 176
+0%
|
2 203
+1%
|
2 233
+1%
|
2 244
+1%
|
2 258
+1%
|
2 232
-1%
|
2 215
-1%
|
2 229
+1%
|
2 247
+1%
|
2 236
0%
|
2 128
-5%
|
2 009
-6%
|
1 955
-3%
|
1 971
+1%
|
2 064
+5%
|
2 144
+4%
|
2 184
+2%
|
2 273
+4%
|
2 384
+5%
|
2 396
+1%
|
2 362
-1%
|
2 269
-4%
|
2 210
-3%
|
2 323
+5%
|
2 434
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 345)
|
(1 347)
|
(1 339)
|
(1 368)
|
(1 439)
|
(1 481)
|
(1 515)
|
(1 504)
|
(1 457)
|
(1 433)
|
(1 399)
|
(1 378)
|
(1 369)
|
(1 357)
|
(1 359)
|
(1 374)
|
(1 392)
|
(1 416)
|
(1 429)
|
(1 429)
|
(1 423)
|
(1 405)
|
(1 395)
|
(1 405)
|
(1 413)
|
(1 396)
|
(1 329)
|
(1 263)
|
(1 234)
|
(1 246)
|
(1 302)
|
(1 372)
|
(1 419)
|
(1 491)
|
(1 569)
|
(1 567)
|
(1 518)
|
(1 447)
|
(1 394)
|
(1 431)
|
(1 486)
|
|
Gross Profit |
715
N/A
|
723
+1%
|
729
+1%
|
749
+3%
|
784
+5%
|
814
+4%
|
839
+3%
|
850
+1%
|
847
0%
|
849
+0%
|
851
+0%
|
841
-1%
|
835
-1%
|
823
-1%
|
799
-3%
|
799
0%
|
784
-2%
|
787
+0%
|
803
+2%
|
815
+2%
|
835
+2%
|
828
-1%
|
819
-1%
|
824
+1%
|
834
+1%
|
840
+1%
|
799
-5%
|
746
-7%
|
721
-3%
|
725
+1%
|
762
+5%
|
772
+1%
|
765
-1%
|
782
+2%
|
815
+4%
|
829
+2%
|
844
+2%
|
821
-3%
|
816
-1%
|
892
+9%
|
948
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(604)
|
(605)
|
(608)
|
(619)
|
(639)
|
(673)
|
(685)
|
(689)
|
(661)
|
(669)
|
(664)
|
(663)
|
(657)
|
(666)
|
(667)
|
(667)
|
(672)
|
(680)
|
(691)
|
(701)
|
(691)
|
(685)
|
(681)
|
(678)
|
(680)
|
(676)
|
(644)
|
(614)
|
(614)
|
(609)
|
(635)
|
(657)
|
(664)
|
(699)
|
(711)
|
(720)
|
(723)
|
(710)
|
(701)
|
(743)
|
(813)
|
|
Selling, General & Administrative |
(604)
|
(605)
|
(608)
|
(620)
|
(639)
|
(673)
|
(685)
|
(689)
|
(661)
|
(669)
|
(664)
|
(663)
|
(645)
|
(666)
|
(667)
|
(667)
|
(656)
|
(674)
|
(679)
|
(683)
|
(667)
|
(661)
|
(656)
|
(653)
|
(656)
|
(652)
|
(620)
|
(590)
|
(590)
|
(583)
|
(608)
|
(629)
|
(593)
|
(653)
|
(680)
|
(689)
|
(642)
|
(682)
|
(672)
|
(714)
|
(733)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
0
|
(47)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(16)
|
(6)
|
(12)
|
(18)
|
(24)
|
(24)
|
(24)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(27)
|
(29)
|
(32)
|
(31)
|
(31)
|
(31)
|
(33)
|
(30)
|
(30)
|
(30)
|
(33)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
|
Operating Income |
111
N/A
|
118
+6%
|
121
+3%
|
130
+7%
|
146
+12%
|
141
-3%
|
154
+9%
|
162
+5%
|
187
+16%
|
180
-4%
|
188
+4%
|
179
-5%
|
178
0%
|
157
-12%
|
132
-16%
|
132
0%
|
112
-15%
|
107
-5%
|
113
+6%
|
115
+2%
|
144
+25%
|
143
-1%
|
139
-3%
|
146
+5%
|
154
+5%
|
164
+7%
|
155
-6%
|
133
-14%
|
107
-19%
|
116
+9%
|
127
+9%
|
114
-10%
|
101
-12%
|
83
-17%
|
103
+24%
|
108
+5%
|
120
+11%
|
111
-8%
|
116
+4%
|
150
+29%
|
135
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(13)
|
(20)
|
(26)
|
|
Non-Reccuring Items |
(5)
|
3
|
(3)
|
(4)
|
(33)
|
(31)
|
(22)
|
(21)
|
(23)
|
(12)
|
(14)
|
(14)
|
(45)
|
(35)
|
(34)
|
(28)
|
(36)
|
(35)
|
(35)
|
(41)
|
(16)
|
(14)
|
(14)
|
(15)
|
(2)
|
(40)
|
(39)
|
(39)
|
(46)
|
(9)
|
(9)
|
(9)
|
(15)
|
0
|
(15)
|
36
|
35
|
30
|
(8)
|
(67)
|
(45)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
97
N/A
|
112
+16%
|
110
-2%
|
118
+8%
|
105
-11%
|
102
-3%
|
125
+22%
|
134
+7%
|
157
+18%
|
161
+3%
|
169
+5%
|
160
-5%
|
129
-19%
|
118
-8%
|
94
-21%
|
99
+6%
|
71
-29%
|
65
-8%
|
69
+6%
|
64
-7%
|
119
+85%
|
119
+0%
|
115
-3%
|
123
+6%
|
143
+16%
|
116
-19%
|
108
-7%
|
87
-20%
|
54
-37%
|
101
+85%
|
111
+10%
|
98
-12%
|
78
-20%
|
76
-3%
|
81
+7%
|
136
+68%
|
146
+8%
|
132
-10%
|
95
-28%
|
63
-34%
|
65
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(33)
|
(39)
|
(38)
|
(41)
|
(44)
|
(44)
|
(52)
|
(53)
|
(52)
|
(53)
|
(55)
|
(53)
|
(43)
|
(40)
|
(30)
|
(32)
|
(26)
|
(22)
|
(21)
|
(14)
|
(25)
|
(27)
|
(26)
|
(27)
|
(32)
|
(30)
|
(25)
|
(20)
|
(13)
|
(20)
|
(25)
|
(24)
|
(19)
|
(17)
|
(9)
|
(20)
|
(23)
|
(20)
|
(27)
|
(20)
|
(16)
|
|
Income from Continuing Operations |
63
|
73
|
71
|
77
|
61
|
59
|
73
|
80
|
105
|
109
|
114
|
107
|
86
|
79
|
64
|
67
|
45
|
43
|
48
|
50
|
93
|
92
|
89
|
95
|
111
|
86
|
82
|
67
|
42
|
81
|
86
|
74
|
60
|
59
|
72
|
116
|
124
|
111
|
68
|
43
|
49
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
64
N/A
|
73
+15%
|
72
-2%
|
77
+8%
|
62
-20%
|
59
-4%
|
73
+24%
|
80
+10%
|
105
+31%
|
109
+3%
|
114
+5%
|
107
-6%
|
86
-20%
|
79
-8%
|
63
-19%
|
67
+6%
|
90
+34%
|
87
-3%
|
92
+5%
|
95
+3%
|
93
-1%
|
92
-2%
|
89
-3%
|
95
+7%
|
111
+16%
|
86
-23%
|
82
-4%
|
67
-19%
|
42
-37%
|
81
+93%
|
86
+6%
|
74
-13%
|
60
-19%
|
59
-1%
|
72
+22%
|
116
+61%
|
124
+7%
|
111
-10%
|
68
-39%
|
43
-37%
|
49
+15%
|
|
EPS (Diluted) |
1.39
N/A
|
1.6
+15%
|
1.56
-3%
|
1.69
+8%
|
1.35
-20%
|
1.3
-4%
|
1.61
+24%
|
1.77
+10%
|
2.32
+31%
|
2.41
+4%
|
2.51
+4%
|
2.35
-6%
|
1.88
-20%
|
1.73
-8%
|
1.4
-19%
|
1.5
+7%
|
2
+33%
|
1.98
-1%
|
2.08
+5%
|
2.12
+2%
|
2.11
0%
|
2.08
-1%
|
2.04
-2%
|
2.2
+8%
|
2.54
+15%
|
2
-21%
|
1.92
-4%
|
1.54
-20%
|
0.98
-36%
|
1.86
+90%
|
1.92
+3%
|
1.68
-13%
|
1.36
-19%
|
1.36
N/A
|
1.69
+24%
|
2.77
+64%
|
2.94
+6%
|
2.65
-10%
|
1.57
-41%
|
0.9
-43%
|
1.08
+20%
|