HNI Corporation Has Carved A Robust Path Despite Challenges
Summary
- HNI Corporation is poised for margin expansion due to increased pre-order activities, long-term secular growth trends, and synergies from the Kimball International acquisition.
- The acquisition of Kimball International and the ramp-up of HNI’s Mexico facility is expected to significantly boost earnings and reduce costs through 2026.
- Despite economic uncertainties, HNI's strong cash flows, share buyback acceleration, and reasonable valuation compared to peers support a "Buy" rating with a 15% upside potential.
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HNI Is Set To Expand Margin
HNI Corporation (NYSE:HNI) is a global designer and provider of commercial furnishings and a manufacturer and marketer of hearth products. Since late 2024, the company’s pre-order activities have increased, suggesting improved
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