Short answer
HNI CORP (HNI) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 27, 2025. Quarterly revenue was $684M (up 1.7% year over year) with net income of $41M.
Q3 2025 key financials · XBRL
- Revenue
- $684M
- +1.7% YoY · +2.5% QoQ
- Net income
- $41M
- −13.3% YoY · −14.7% QoQ
- Operating margin
- 9.4%
- Gross margin
- 42.1%
- EPS (diluted)
- $0.88
- −10.2% YoY · −13.7% QoQ
Source: XBRL data from the HNI CORP (HNI) Q3 2025 10-Q on SEC EDGAR. USD.
HNI CORP Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- Newly added risk: Merger with Steelcase Inc. announced August 3, 2025, with transaction conditions and termination fees up to $134 million
- Most updated material risk: Post-merger indebtedness rising to $1.55 billion, restricting operational flexibility and increasing borrowing costs
- Impactful legal risk: Potential $71 million or $134 million termination fees if merger agreement is terminated under specific circumstances
- Operational risk: Integration challenges of merging Steelcase may disrupt operations, delay cost synergies, and divert management attention
- Financial risk: Financing for merger cash consideration depends on Credit Agreement conditions; failure risks delaying or preventing merger completion
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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