Can HNI's EPS recover in 2025 after 2024?

**HNI's EPS is likely to recover in 2025 after a slight dip in 2024.** Here's a detailed analysis:

1. **Consistent Growth Trend**: HNI has shown a pattern of double-digit non-GAAP EPS growth for three consecutive years, with a 15% increase in full-year EPS in 2024. This indicates a strong earnings trajectory that could continue into 2025.
2. **Strategic Investments and Operational Improvements**: The company is making strategic investments in sales capabilities, product development, and digital connectivity, which are expected to drive future growth. These investments are likely to pay off in 2025, supporting a recovery in EPS.
3. **Market Position and Segment Performance**: HNI's dominant position in the commercial furnishings market, coupled with a strong brand portfolio, provides a solid foundation for EPS growth. The Workplace Furnishings segment, which contributes significantly to revenue, has seen a 44% increase in non-GAAP operating profit, suggesting robust profitability.
4. **Financial Resilience**: HNI's financial health, as reflected by a market value of over $1.5 billion and a commitment to operational excellence, is a positive indicator for EPS recovery. The company's ROE of 17% is also above the industry average, indicating efficient capital utilization.
5. **Earnings Visibility**: HNI has strong earnings visibility through 2026, driven by operational improvements and synergy initiatives. This suggests that the EPS recovery in 2025 is supported by tangible growth drivers.
6. **Analyst Forecasts**: While there are some minor variations in analyst forecasts, the overall outlook for 2025 remains positive, with expectations of EPS growth continuing. This aligns with the company's internal projections and recent performance.

In conclusion, HNI's EPS is poised for recovery in 2025, considering the company's historical growth trends, strategic initiatives, and positive market indicators.