Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Steelcase (NYSE:SCS) and the best and worst performers in the office & commercial furniture industry.
Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 65.8% in the afternoon session after the company was acquired by HNI Corporation (NYSE: HNI) in a cash and stock deal valued at approximately $2.2 billion. Under the terms of the agreement, Steelcase shareholders received $7.20 in cash and 0.2192 shares of HNI common stock for each of their shares. The deal, expected to close by the end of 2025, resulted in HNI shareholders owning about 64% of the combined entity, while Steelcase shareholders retained the remaining 36%.
As the US market prepares to open on Monday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
Shares of workplace furnishings manufacturer HNI Corporation (NYSE:HNI) fell 3.1% in the morning session after the company reported strong second-quarter results that surpassed analyst estimates and raised its full-year profit forecast. The workplace furnishings and building products manufacturer posted adjusted earnings per share of $1.11, which was a 41% increase and well ahead of the expected $0.86. Revenue grew 7% year-over-year to $667.1 million, also beating consensus estimates. HNI attributed the strong performance to volume growth across both of its business segments and synergy benefits realized from its acquisition of Kimball. Following the positive results, the company increased its outlook for 2025, noting that it expected double-digit earnings per share growth for the full year.
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 7% year on year to $667.1 million. Its non-GAAP profit of $1.11 per share was 29.7% above analysts’ consensus estimates.
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The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
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Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 2% year on year to $599.8 million. Its non-GAAP profit of $0.44 per share was 29.4% above analysts’ consensus estimates.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at office & commercial furniture stocks, starting with MillerKnoll (NASDAQ:MLKN).
Looking back on office & commercial furniture stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including Steelcase (NYSE:SCS) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how HNI (NYSE:HNI) and the rest of the office & commercial furniture stocks fared in Q1.
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 2% year on year to $599.8 million. Its non-GAAP profit of $0.44 per share was 29.4% above analysts’ consensus estimates.
