HNI Corporation reported mixed results for Q3 FY2025, highlighted by strong year-to-date (YTD) EPS growth offset by quarterly profit compression and major strategic moves.
Financial Highlights (9 Months Ended Sep 27, 2025): Net Sales grew 3.5% to \(1,950.6M, and Net Income rose modestly to \)103.4M (up 2.2% YoY). YTD Basic EPS increased to \(2.23 (\)2.19 Diluted). However, Q3 Net Income declined YoY to \(41.2M due to increased Selling and Administrative Expenses (\)222.7M Q3) and M&A-related costs, causing quarterly EPS to fall ($0.90 Basic). The Effective Tax Rate (ETR) rose significantly to 2
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