HNI (HNI) FY2024 results: revenue $2.5 billion, up 3.8% on the year
HNI Corp. (HNI) reported revenue of $2.5 billion for fiscal 2024, the year ended 28 December 2024, up 3.8% on the year before. Net income was $140 million, up 183.5%, and diluted earnings per share $2.88. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$2.5 billion
+3.8% on the year
FY2017FY2024
Operating margin
8.2%
3.7% a year earlier
FY2017FY2024
Net income
$140 million
+183.5% on the year
FY2017FY2024
Diluted EPS
$2.88
+164.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
227
268
81.2
-15.3%
Capital expenditure
52.9
79.1
68.4
-33.1%
Free cash flow
174
188
12.8
-7.7%
Free cash flow margin
6.9%
7.7%
0.5%
Cash from investing
-51.0
-445
-10.7
Cash from financing
-182
189
-105
Depreciation and amortisation
108
94.9
84.2
+13.6%
Share-based compensation
17.4
16.5
9.0
+5.5%
Buybacks
65.8
0.3
65.2
+21,833.3%
Dividends paid
63.6
58.5
53.2
+8.7%
Dividend per share
$1.31
$1.28
$1.27
+2.3%
Diluted shares, weighted
48m
45m
42m
+6.8%
Shares outstanding at period end
47m
47m
41m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
840
761
616
+10.3%
Non-controlling interest
0.3
0.3
0.3
0.0%
Debt
345
436
190
-20.9%
Operating lease liabilities
110
104
78.9
+5.4%
Finance lease liabilities
8.9
7.9
7.7
+12.7%
Other liabilities
572
619
521
-7.7%
Total liabilities and equity
1,875
1,929
1,414
-2.8%
Fixed assets
530
555
352
-4.6%
Goodwill
442
441
306
+0.2%
Intangible assets
133
162
118
-17.7%
Investments
27.9
24.9
14.3
+12.0%
Cash and equivalents
20.2
28.9
17.4
-30.1%
Receivables
n/a
247
218
Inventory
194
197
180
-1.2%
Other assets
528
273
208
+93.1%
Total assets
1,875
1,929
1,414
-2.8%
10-K for the year ended 28 December 2024, filed 25 February 2025: the filing.