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HNI Reports Q3 2026 Results: Revenue $1.59B, Adjusted EPS $1.62
HNI reported third-quarter 2026 net sales of $1.59 billion and net income of $90.0 million. GAAP diluted EPS was $1.23 and adjusted diluted EPS was $1.62, with results driven by the Steelcase acquisition, productivity improvements, price-cost benefits and organic volume growth.
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What happened
HNI reported third-quarter 2026 net sales of $1.59 billion and net income of $90.0 million. GAAP diluted EPS was $1.23 and adjusted diluted EPS was $1.62, with results driven by the Steelcase acquisition, productivity improvements, price-cost benefits and organic volume growth.
Confirmed
Global impact / market context
The Steelcase acquisition more than doubled sales and lifted net income, showing HNI added size quickly. Adjusted earnings per share, which excludes some items, rose 47.3% and exceeded standard earnings per share, so investors should watch whether integration savings turn into real cash profit rather than one-off adjustments.
Analyst inference
Organic sales rose 5.6%, with order growth in both workplace furnishings and residential building products. HNI expects at least $130 million in mature Steelcase synergies and aims to hit its original $120 million target by year four, signaling cost savings that could support profit if demand holds.
Analyst inference
What to watch
- Workplace Furnishings orders rose 6% year over year, with contract customer order growth outperforming small and midsize business trends, a sign of demand from larger corporate clients. Confirmed
- HNI's plan to reach its original $120 million Steelcase synergy target by the end of year four is a proposal; watch whether realized savings appear in reported costs and cash flow. Proposed
- Double-digit remodel-retrofit growth offset modest new construction weakness in Residential Building Products; continued softness in new construction could pressure that segment's revenue. Analyst inference
Evidence
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