NYSE:HNICommercial Services
Assessing HNI (HNI) Valuation As Wayland Plant Closure Targets Cost Savings And Efficiency
Wayland exit puts HNI’s cost savings plan in focus
HNI (HNI) plans to close its Wayland, New York, manufacturing plant in 2027, consolidating production into other North American facilities and targeting annual cost savings of about US$7.5 million to US$8.0 million.
The move is tied to the integration of Kimball International, with total cost synergies now anticipated at US$68 million by the end of 2028 and expected pre tax consolidation charges of US$14.9 million across 2026 and 2027.
See...