HNI Q2 FY26 GAAP EPS drops 31% to $0.70; net sales more than double to $1.5 billion
HNI•Quarterly results
- HNI posted Q2 GAAP diluted EPS of $0.70, down 31.4% year over year, on net sales of $1.5 billion, up 121%.
- GAAP net income was $51.1 million; non-GAAP diluted EPS rose 14.4% to $1.27, with non-GAAP net income of $92.6 million.
Outlook and orders
- Outlook calls for 2026 non-GAAP EPS growth of 20%-25%, with Workplace Furnishings Q2 orders up 5% year over year.
Segment performance
- Workplace Furnishings net sales more than doubled to $1.3 billion; GAAP operating margin narrowed 3.9 percentage points to 7.7%.
- Residential Building Products net sales slipped 1.6% to $148.7 million; non-GAAP operating margin widened 4.7 percentage points to 20.4%.
