HNI's 2024 Earnings: EPS Surpasses Expectations, Net Sales Growth Anticipated in 2025

HNI Corporation (NYSE: HNI) reported strong full-year earnings for 2024, with earnings per share (EPS) surpassing analyst expectations. The company's solid performance was driven by profit transformation initiatives, synergy benefits, and price-cost strategies, leading to a 15.5 percent year-on-year increase in non-GAAP EPS despite lower net sales. HNI's consolidated operating margin expanded significantly, with a 450 basis points increase on a GAAP basis and a 130 basis points increase on a non-GAAP basis compared to 2023.