HNI Q1 2023 Earnings — HNI Corporation Revenue & Financial Results | Market Cap Arena

HNIHNI Corporation

$2B

Q1 2023 Earnings

Industrials Business Equipment & Supplies

Income Statement

Revenue

$479M-16.3% YoY

Gross Profit

$167M34.9% margin

Operating Income

$10M2.0% margin

Net Income

$2M0.3% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-15.8%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

-$3M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$770M

Stockholders' Equity

$613M

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$479M	$572M	-16.3%
Gross Profit	$167M	$189M	-11.6%
Operating Income	$10M	$20M	-52.0%
Net Income	$2M	$14M	-88.7%

Revenue Segments

Workplace Furnishings

$300M63%

Residential Building Products

$179M37%