HNI Corporation reports strong sales increase for 1Q/2015

Apr 27, 2015 | Furniture Manufacturer | 0 comments

U.S. – HNI Corporation announced sales for the first quarter ended April 4, 2015, of $523.5 million, a consolidated net sales increased $71.3 million or 15.8 percent.

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“We are pleased with our very strong sales and earnings for the first quarter. Performance in our office furniture businesses was outstanding, with double-digit growth in both the supplies-driven and contract businesses and strong operational execution.  Our hearth business delivered significant sales growth in the new construction channel,” said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.

“Our office furniture and hearth businesses have strong momentum as we enter the second quarter.  We continue to make investments to drive long-term profitable growth and shareholder value,” said Mr. Askren. The Corporation estimates sales to be up 12 to 16 percent in the second quarter over the same period in the prior year.

 

 

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