| Address:
|
408 EAST SECOND STREET - PO BOX 1109
|
| City: |
MUSCATINE |
|
State: |
IA |
|
Zip Code: |
52761-7109 |
| Telephone: |
563-272-7400 |
|
Description of Business
|
Primary SIC Code:
2522 |
| (As filed with the SEC)
|
|
|
HNI Corporation (the "Corporation", "we", "us" or "our") is an Iowa corporation
incorporated in 1944. The Corporation is a provider of office furniture and
hearth products. A broad office furniture product offering is sold to dealers,
wholesalers, national office product distributors, end-user customers, and
federal, state and local governments. Dealers and wholesalers are the major
channels based on sales. Hearth products include a full array of gas, electric,
wood and biomass burning fireplaces, inserts, stoves, facings and
accessories. These products are sold through a national system of dealers and
distributors, as well as Corporation-owned distribution and retail outlets. In
fiscal 2010, the Corporation had net sales of $1.7 billion, of which
approximately $1.4 billion or 83% was attributable to office furniture products
and $0.3 billion or 17% was attributable to hearth products. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.89 | 0.230 | 21.49 | | 06/2011 | 0.68 | 0.230 | 36.94 | | 03/2011 | 0.71 | 0.230 | 44.45 | | 12/2010 | 0.65 | 0.215 | 48.00 | | 09/2010 | 0.06 | 0.215 | 479.33 | | 06/2010 | 0.18 | 0.215 | 153.28 | | 03/2010 | 0.03 | 0.215 | 887.67 | | 12/2009 | -0.14 | 0.215 | N/E |
Key Financial Ratios and Statistics |
FYE:
01/01 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.43 | Total Liab/Total Assets | 0.59 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 1.01 | | Net Inc/Inv Cap | 0.05 | Total Liab/Comm Equity | 9.39 | | Pretax Inc/Net Sales | 0.03 | Interest Coverage Ratio | 4.90 | | Net Inc/Net Sales | 0.02 | Curr Debt/Equity | 0.12 | | Cash Flow/Net Sales | 0.06 | LTD/Equity | 0.37 | | SG&A/NetSales | 0.31 | Total Debt/Equity | 0.49 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.59 | Quick Ratio | 0.94 | | Inventory Turnover | 16.42 | Current Ratio | 1.13 | | Inventory Day Sales | 0.04 | Net Rec/Curr Assets | 0.51 | | Net Sales/Work Cap | 36.03 | Inv/Curr Assets | 0.17 | | Net Sales/PP&E | 7.28 | | |
Income Statement (Millions) |
| |
10/1/2011
|
7/2/2011
|
4/2/2011
|
1/1/2011
|
|
Total Revenues(Net Sales)
|
504.22
|
432.81
|
396.15
|
466.15
|
|
Cost of Goods Sold
|
324.83
|
285.88
|
261.43
|
302.25
|
|
Selling & Admin Exps
|
138.67
|
136.20
|
132.41
|
136.91
|
|
Operating Income
|
40.45
|
10.27
|
0.92
|
20.36
|
|
Interest Exp
|
2.57
|
3.03
|
3.59
|
3.28
|
|
Pretax Income
|
38.10
|
7.35
|
-2.54
|
17.20
|
|
Other Income
|
0.22
|
0.11
|
0.13
|
0.13
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
24.95
|
4.66
|
-1.76
|
12.54
|
|
Assets
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
1/1/2011
|
|
Cash & Short Term Investments
|
121.04
|
59.97
|
65.61
|
109.66
|
|
Receivables - Total
|
241.82
|
232.09
|
192.79
|
208.59
|
|
Inventories - Total
|
95.73
|
101.04
|
88.09
|
68.96
|
|
Total Current Assets
|
479.15
|
423.15
|
372.47
|
408.16
|
|
Net Property, Plant & Equipment
|
219.71
|
223.87
|
227.45
|
231.78
|
|
Total Assets
|
1,055.18
|
1,003.87
|
956.31
|
997.88
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
352.22
|
320.75
|
272.84
|
311.07
|
|
Debt in Current Liabilities
|
50.64
|
50.37
|
50.70
|
50.29
|
|
Total Current Liabilities
|
402.86
|
371.12
|
323.54
|
361.35
|
|
Long-Term Debt
|
150.55
|
150.40
|
151.44
|
150.11
|
|
Total Liabilities
|
645.86
|
611.10
|
561.08
|
589.90
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.36
|
0.40
|
0.50
|
0.47
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
44.83
|
44.78
|
44.73
|
44.84
|
|
Retained Earnings
|
340.38
|
325.74
|
331.37
|
343.47
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
409.33
|
392.77
|
395.23
|
407.99
|
|
Total Liabilities and Stockholders' Equity
|
1,055.18
|
1,003.87
|
956.31
|
997.88
|
Cash Flow Summary (Millions) |
|
Categories
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
1/1/2011
|
|
Net Cash Provided by Operating Activities
|
75.33
|
13.62
|
-21.98
|
45.27
|
|
Net Cash Provided by Investing Activities
|
-9.68
|
-9.66
|
-6.45
|
-9.15
|
|
Net Cash Provided by Financing Activities
|
-10.88
|
-9.57
|
-18.30
|
-9.26
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 01/2006 | 2,679.80 | 123.38 | 2.50 | | 01/2007 | 2,570.47 | 120.38 | 2.57 | | 01/2009 | 2,429.63 | 45.45 | 1.02 | | 01/2010 | 1,623.33 | -6.44 | -0.14 | | 01/2011 | 1,686.73 | 26.94 | 0.65 | | Growth Rates | -10.93 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 116 | 29,472 | 65.75 |
|
Report Date :
2/6/2012
 Copyright
2012, EDGAR Online, Inc. All
rights reserved. Replication or redistribution of EDGAR Online, Inc. content is
expressly prohibited without the prior written consent of EDGAR Online, Inc.
EDGAR Online, Inc. shall not be liable for any errors or delays in the content,
or for any actions taken in reliance thereon.
|
|
|