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HNI Corp. Q1 Results Top Estimates

RTTNews | 37 दिनों पहले

HNI Corp. Q1 Results Top Estimates

(RTTNews) - HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter surged to $17.7 million or $0.37 per share from $1.6 million or $0.04 per share in the year-ago quarter.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 22.7 percent to $588.0 million from $479.1 million in the same quarter last year. On an organic basis, sales decreased 8.1 percent. The Street was looking for sales of $574.56 million for the quarter.

Looking ahead, the company said adjusted earnings for the second quarter is expected to increase solidly year-over-year driven by the benefit of KII and continued profit transformation in Legacy Workplace Furnishings despite increasingly difficult year-ago comps.

For fiscal 2024, the company expects earnings to increase strongly from 2023 levels driven by continued margin expansion in Workplace Furnishings and the full-year benefit of accretion from KII.

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HNI Corp. Q1 Results Top Estimates

HNI Corp. Q1 Results Top Estimates

HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter plunged to $1.6 million or $0.04 per share from $14.2 million or $0.33 per share in the year-ago quarter. Excluding special items, adjusted net income for the quarter was $0.13 per share.

RTTNews | 394 दिनों पहले

U.S. Private Sector Job Growth Slows More Than Expected In May

U.S. Private Sector Job Growth Slows More Than Expected In May

A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April.

RTTNews | 4घंटे 23 मिनट पहले

Rocky Mountain Appoints Jeff Geygan As Interim-CEO; Starlette Johnson As Board Chair

Rocky Mountain Appoints Jeff Geygan As Interim-CEO; Starlette Johnson As Board Chair

Rocky Mountain Chocolate Factory Inc. (RMCF) announced Wednesday that following the recent appointment Jeff Geygan as interim-CEO, he has yielded his position as Chair of the Board of Directors, in accordance with the Company's governance policies. The Board has elected Starlette Johnson to serve as Board Chair.

RTTNews | 4घंटे 28 मिनट पहले

UK New Car Sales Rise 1.7% In May, Retail EV Demand Falls: SMMT

UK New Car Sales Rise 1.7% In May, Retail EV Demand Falls: SMMT

Demand in the British car market rose for the twenty-second consecutive month in May and sales logged the best performance for the month since 2021, data from the Society of Motor Manufacturers & Traders, or SMMT, showed Wednesday. New car registrations grew by 1.7 percent annually to reach 147,628 units in May.

RTTNews | 4घंटे 33 मिनट पहले

Zhihu Appoints Bin Sun To Succeed Dahai Li As Chief Technology Officer

Zhihu Appoints Bin Sun To Succeed Dahai Li As Chief Technology Officer

Online content community Zhihu Inc. (ZH) announced the appointment of Bin Sun as the Company's chief technology officer, effective immediately.

RTTNews | 4घंटे 43 मिनट पहले

U.S. Private Sector Employment Climbs Less Than Expected In May

U.S. Private Sector Employment Climbs Less Than Expected In May

A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May.

RTTNews | 4घंटे 59 मिनट पहले

Eli Lilly CFO Anat Ashkenazi Resigns

Eli Lilly CFO Anat Ashkenazi Resigns

Eli Lilly and Co. (LLY) announced Wednesday that Anat Ashkenazi has resigned as chief financial officer to pursue a career opportunity outside of the pharmaceutical industry.

RTTNews | 5घंटे 8 मिनट पहले

I-Mab Inks Partnership With Bristol Myers Squibb To Evaluate Givastomig In Combination Study

I-Mab Inks Partnership With Bristol Myers Squibb To Evaluate Givastomig In Combination Study

Biotech company I-Mab (IMAB) announced Wednesday that it has entered into a clinical trial collaboration and supply agreement with Bristol Myers Squibb (BMY).

RTTNews | 5घंटे 38 मिनट पहले

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