HNI: 1Q Earnings Snapshot
MUSCATINE, Iowa (AP) _ HNI Corp. (HNI) on Wednesday reported a first-quarter loss of $23.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Muscatine, Iowa-based company said it had a loss of 56 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 21 cents per share.
The maker of office furniture and fireplaces posted revenue of $468.7 million in the period.
HNI shares have dropped 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.40, a fall of 37% in the last 12 months.