What caused HNI's EPS decline in Q3 2024?

HNI's EPS decline in Q3 2024 can be attributed to a combination of factors: 1. **Revenue Decline**: Total revenue for the quarter was $672.2 million, which represented a decrease of 5.5% year-over-year. This decline in revenue likely contributed to the EPS decrease, as revenue is a key component in the calculation of EPS. 2. **Organic Basis Net Sales Decrease**: On an organic basis, net sales decreased by 4.5 percent year-over-year. This indicates a slowdown in the company's core business operations, which can lead to lower profitability and, consequently, a decline in EPS. In summary, the decline in HNI's EPS in Q3 2024 was likely a result of a combination of revenue decline and decrease in organic basis net sales.