HNI Corporation, a Muscatine, Iowa-based manufacturer of workplace furnishings and residential building products, filed its quarterly report on Form 10-Q for the fiscal quarter ended October 3, 2026, with the Securities and Exchange Commission on November 3, 2026.

Key Highlights

  • Third-quarter net sales: $1,592.9 million for the three months ended October 3, 2026, compared with $683.8 million in the same period of 2025, according to the filing.
  • Third-quarter net income: $90.0 million attributable to HNI Corporation, up from $41.2 million in the prior-year quarter.
  • Diluted EPS (Q3): $1.23 per share, versus $0.88 per share in Q3 2025.
  • Nine-month net sales: $4,412.9 million for the nine months ended October 3, 2026, compared with $1,950.6 million in the nine months ended September 27, 2025.
  • Restructuring and impairment charges: $43.1 million recorded for the nine-month period, compared with $9.7 million in the prior-year period.
  • Shares outstanding: 72,273,322 shares of common stock as of October 3, 2026.
  • Cash dividends declared: $1.04 per share in the nine months ended October 3, 2026, with $75.7 million paid to shareholders.

HNI Corporation Reports Fiscal Third-Quarter 2026 Financial Results

HNI Corporation (NYSE:HNI), incorporated in Iowa with principal offices at 600 East Second Street, Muscatine, Iowa, operates across workplace furnishings and residential building products segments. The company is classified as a large accelerated filer and reported that 72,273,322 shares of its $1 par value common stock were outstanding as of October 3, 2026. The company disclosed net sales of $1,592.9 million and gross profit of $678.5 million for the third quarter, with selling and administrative expenses of $533.6 million reducing operating income to $136.7 million for the period.

For the nine months ended October 3, 2026, the filing reported net sales of $4,412.9 million and operating income of $192.4 million. Net income attributable to HNI Corporation for the nine-month period was $102.3 million, or $1.40 per diluted share. The company recorded acquisition and related costs of $8.6 million and restructuring, impairment, and loss on divestiture charges of $43.1 million through the nine-month period, compared with $9.7 million in the comparable prior-year period. Interest expense, net, was $63.8 million for the nine-month period, up from $18.9 million a year earlier, according to the filing.

As of October 3, 2026, the company reported total assets of $4,985.5 million, including goodwill and other intangible assets of $1,798.8 million and net property, plant, and equipment of $1,017.9 million. Total long-term debt stood at $1,331.8 million, and total equity was $1,875.5 million. The filing also noted that a non-controlling interest of $6.4 million was recognized in connection with a business combination during the period. Cash and cash equivalents declined to $110.3 million from $209.2 million at January 3, 2026.

What Was Disclosed

HNI Corporation's Form 10-Q for the quarter ended October 3, 2026, disclosed income statement results, balance sheet data, equity activity including $75.7 million in cash dividends over nine months, and $43.1 million in restructuring and impairment charges for the nine-month period.