U.S. – HNI Corporation announced sales for the fourth quarter ended January 3, 2015, of USD 646.7 million and net income of USD 7.1 million. For fiscal year 2014, the Corporation reported sales of USD 2.2 billion and net income of USD 61.5 million.
“We are pleased with our very strong sales and earnings for the fourth quarter and full year 2014. Our hearth business achieved record financial results for the year, driven by four consecutive quarters of double-digit growth in both new construction and remodel/retrofit channels and strong operational execution. Office furniture sales momentum accelerated in the fourth quarter with significant increases in both our supplies-driven and contract businesses. We enter 2015 financially strong, competitively well positioned and focused on delivering profitable growth,” said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.
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