Reportable Segment Information (Tables)

3 Months Ended

Mar. 29, 2025

Reportable segment data reconciled to the Corporation’s condensed consolidated financial statements was as follows:


	Three Months Ended
		March 29, 2025		March 30, 2024
Net Sales:
Workplace furnishings		$	441.1	$	439.8
Residential building products		158.7		148.2
Total		$	599.8	$	588.0
Cost of Sales:
Workplace furnishings		$	273.3	$	272.8
Residential building products		88.1		82.3
Total		$	361.4	$	355.1
Selling and Administrative Expenses:
Workplace furnishings		$	143.4	$	140.6
Residential building products		45.7		44.5
General corporate		18.6		18.0
Total		$	207.6	$	203.1
Restructuring and Impairment Charges:
Workplace furnishings		$	6.4	$	0.1


Total		$	6.4	$	0.1
Operating Income (Loss):
Workplace furnishings		$	18.0	$	26.3
Residential building products		25.0		21.4
General corporate		(18.6)		(18.0)

Total		$	24.4	$	29.7
Interest Expense, Net		5.5		7.6
Income Before Income Taxes		$	18.9	$	22.0

Depreciation and Amortization Expense:
Workplace furnishings		$	17.1	$	17.8
Residential building products		3.6		3.5
General corporate		4.9		5.1
Total		$	25.5	$	26.4
Capital Expenditures (including capitalized software):
Workplace furnishings		$	11.0	$	6.2
Residential building products		3.2		2.5
General corporate		2.0		2.5
Total		$	16.3	$	11.2
		As of March 29, 2025		As of December 28, 2024
Identifiable Assets:
Workplace furnishings		$	1,278.7	$	1,282.6
Residential building products		458.7		465.8
General corporate		120.6		126.7
Total		$	1,858.1	$	1,875.1

HNI CORP 10-Q