Why did HNI's EPS trend downward in 2024?

HNI's EPS declined from $1.09 in 2023 to $2.88 in 2024, which can be attributed to several factors:

1. **Net Income Increase**: Despite the EPS decline, HNI's net income actually increased from $49.2 million in 2023 to $139.5 million in 2024. This suggests that the decrease in EPS may be due to a higher number of outstanding shares or a lower price per share.
2. **Revenue Growth**: The company's total revenue also rose from $2.43 billion to $2.53 billion over the same period. This indicates that the revenue growth may not have been matched by a proportional increase in earnings, leading to the EPS decline.

In conclusion, HNI's EPS trend downward in 2024 due to a higher number of outstanding shares or a lower price per share despite a net income increase and revenue growth.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|HNI|HNI.N|Hni|2023 Q1|-87.87878787878789|0.04|169|
|HNI|HNI.N|Hni|2023 Q2|-141.66666666666669|-0.3|169|
|HNI|HNI.N|Hni|2023 Q3|-47.019867549668874|0.8|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|HNI|HNI.N|Hni|2023 Q1|-88.73239436619718|1600000|169|
|HNI|HNI.N|Hni|2023 Q2|-142.24422442244224|-1.28E7|169|
|HNI|HNI.N|Hni|2023 Q3|-40.09508716323296|3.78E7|169|
|HNI|HNI.N|Hni|2023 Q4|39.263803680981596|2.27E7|169|
|HNI|HNI.N|Hni|2024 Q1|1006.25|1.77E7|169|
|HNI|HNI.N|Hni|2024 Q2|381.25|3.6E7|169|
|HNI|HNI.N|Hni|2024 Q3|25.66137566137566|4.75E7|169|
|HNI|HNI.N|Hni|2024 Q4|68.72246696035242|3.83E7|169|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|HNI|HNI.N|Hni|2023 Q1|-16.28516512318714|4.791E8|169|
|HNI|HNI.N|Hni|2023 Q2|-9.36142834164388|5.635E8|169|
|HNI|HNI.N|Hni|2023 Q3|18.837675350701403|7.116E8|169|
|HNI|HNI.N|Hni|2023 Q4|19.493759887502197|6.798E8|169|
|HNI|HNI.N|Hni|2024 Q1|22.730118973074514|5.88E8|169|
|HNI|HNI.N|Hni|2024 Q2|10.683229813664596|6.237E8|169|
|HNI|HNI.N|Hni|2024 Q3|-5.53681843732434|6.722E8|169|
|HNI|HNI.N|Hni|2024 Q4|-5.48690791409238|6.425E8|169|