HNI projects 20%-25% non-GAAP EPS growth in 2026 as Steelcase synergies target rises to at least $120M (NYSE:HNI)

HNI (HNI) Q2 2026 earnings call recap: non-GAAP EPS $1.27, raised 2026 outlook to 20–25% growth, Steelcase synergies ≥$120M.

HNI projects 20%-25% non-GAAP EPS growth in 2026 as Steelcase synergies target rises to at least $120M (NYSE:HNI) | Seeking Alpha

Earnings Call Insights: HNI Corporation (HNI) Q2 2026

Management View

"Second quarter demonstrates the focus of our members, indicates an improving demand environment and supports expectations of stronger 2026 earnings growth." (Chairman of the Board, President & CEO Jeffrey Lorenger)

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Quick Insights

How will Steelcase integration impact HNI's future earnings?

Steelcase integration is progressing well, with synergy capture surpassing initial projections, supporting double-digit EPS growth and expected accretion, and at least $120 million in synergies maturing.

What is HNI management's outlook for Workplace Furnishings and Residential Building Products?

Management expects strong growth in Workplace Furnishings, including a dramatic sales increase due to Steelcase, while Residential Building Products are expected to remain flat year-over-year due to market-driven weakness.

What risks may affect HNI's ability to achieve projected earnings growth?

Risks include ongoing geopolitical pressures, macroeconomic dynamics, tariffs, a weak office space supply, and persistent new construction softness, though management outlines cost discipline and price actions to mitigate impacts.

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