HNIHNI Corporation

$2B

Q2 2023 Earnings

Industrials Business Equipment & Supplies

Income Statement

Revenue

$564M-9.4% YoY

Gross Profit

$208M36.9% margin

Operating Income

$36M6.4% margin

Net Income

-$13M-2.3% margin

EPS (Diluted)

$-0.30

QoQ Revenue Growth

+17.6%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$5M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.4B

Stockholders' Equity

$715M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$564M	$622M	-9.4%
Gross Profit	$208M	$213M	-2.2%
Operating Income	$36M	$31M	+16.6%
Net Income	-$13M	$30M	-142.2%

Revenue Segments

Workplace Furnishings

$413M73%

Residential Building Products

$150M27%

HNI Q2 2023 Earnings — HNI Corporation Revenue & Financial Results | Market Cap Arena