NYSE:HNICommercial Services
HNI Reshapes Portfolio As Acquisitions Lift Revenue But Pressure Margins
HNI (NYSE:HNI) has reported strong revenue growth tied to major acquisitions of Kimball and assets from Steelcase.
The company has also reworked its portfolio through restructuring efforts and the divestiture of HNI India.
These changes come as HNI absorbs integration costs while still reporting revenue that outpaced earlier expectations.
For investors watching NYSE:HNI, the share price sits at $43.67, with a 3 year return of 60.6% and a 5 year return of 27.5%. Short term moves have been...