HNI Corp Q1 2026: Smashing Targets, Steelcase Integration Boosts Profits

HNI Corporations Q1 2026 earnings exceeded expectations, with Workplace Furnishings profits nearly doubling to nearly $49 million. The Steelcase integration drove this growth, and orders turned positive in March. HNI is guiding for low single-digit Workplace revenue growth in the first half, accelerating to high single-digits in the second half. Steelcase is expected to become accretive by mid-year, supporting a fifth consecutive year of double-digit earnings per share improvement. Return-to-office trends are positive, with office leasing up over 7% year-over-year. HNIs focus on customer-focused investments, particularly in remodels, has helped them outperform in the Residential segment. They cancelled Steelcases ERP project to save costs and streamline operations. Q2 sales guidance shows Workplace surging 155-160% thanks to Steelcase, while Residential dips low single-digits. This sets up mid-teens non-GAAP EPS growth from last years $3.53, accelerating later in 2026, with double-digits lined up for 2027. Free cash flow remains strong, and dividends will continue. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/46870b72934d182e