HNI Corporation Q4 Profit Tops Estimates

(RTTNews) - HNI Corporation (HNI) reported that its fourth quarter net income attributable to company increased to $22.7 million from $16.3 million, prior year. Earnings per share was $0.48 compared to $0.39. Non-GAAP net income per share was $0.98, up from $0.63. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.82, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter net sales were $679.8 million compared to $568.9 million, prior year. Analysts on average had estimated $684.85 million in revenue. On an organic basis, sales decreased 6.4 percent.

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