HNI Management
Management criteria checks 3/4
HNI's CEO is Jeff Lorenger, appointed in Apr 2018, has a tenure of 6.67 years. total yearly compensation is $7.10M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth $10.27M. The average tenure of the management team and the board of directors is 5.5 years and 8.8 years respectively.
Key information
Jeff Lorenger
Chief executive officer
US$7.1m
Total compensation
| CEO salary percentage | 14.4% |
| CEO tenure | 6.7yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.5yrs |
| Board average tenure | 8.8yrs |
Recent management updates
Recent updates
HNI's (NYSE:HNI) Solid Earnings Are Supported By Other Strong Factors
Nov 07
Analysts Have Made A Financial Statement On HNI Corporation's (NYSE:HNI) Third-Quarter Report
Nov 01Does HNI (NYSE:HNI) Deserve A Spot On Your Watchlist?
Oct 16HNI Corporation Has Carved A Robust Path Despite Challenges
Sep 17What Is HNI Corporation's (NYSE:HNI) Share Price Doing?
Sep 06HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly
May 11Is There An Opportunity With HNI Corporation's (NYSE:HNI) 46% Undervaluation?
Apr 05HNI: Insufficient Margin Of Safety Given Its Modest Growth Outlook
Feb 05Should You Investigate HNI Corporation (NYSE:HNI) At US$42.35?
Dec 23HNI Corporation: Good Execution And End-Markets Bottoming Should Drive Outperformance
Nov 20Is HNI (NYSE:HNI) A Risky Investment?
Nov 09Is There Now An Opportunity In HNI Corporation (NYSE:HNI)?
Sep 10HNI's (NYSE:HNI) Dividend Will Be $0.32
Aug 18HNI Corporation: Dividend Trends Post Q2 Earnings Beat
Aug 17Here's Why HNI (NYSE:HNI) Can Manage Its Debt Responsibly
Aug 10Upgrade: The Latest Revenue Forecasts For HNI Corporation (NYSE:HNI)
Jun 26HNI (NYSE:HNI) Is Paying Out A Dividend Of $0.32
Jun 02HNI And Kimball Tie-Up May Be MillerKnoll 2.0
May 31HNI (NYSE:HNI) Will Pay A Dividend Of $0.32
May 19Are Investors Undervaluing HNI Corporation (NYSE:HNI) By 46%?
Apr 27Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital
Mar 28HNI Non-GAAP EPS of $2.20, revenue of $568.9M
Feb 23HNI declares $0.32 dividend
Feb 14Is HNI (NYSE:HNI) A Risky Investment?
Feb 06An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 45% Undervalued
Jan 09HNI: Moving To Neutral
Dec 19At US$27.39, Is HNI Corporation (NYSE:HNI) Worth Looking At Closely?
Dec 11Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital
Nov 11HNI declares $0.32 dividend
Nov 09HNI Non-GAAP EPS of $0.71 beats by $0.06, revenue of $598.8M misses by $43.49M
Oct 24HNI Corporation: Near-Term Headwinds, But Long-Term Prospects Look Good
Aug 29Does HNI (NYSE:HNI) Have A Healthy Balance Sheet?
Aug 28HNI declares $0.32 dividend
Aug 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | US$124m |
| Jun 29 2024 | n/a | n/a | US$114m |
| Mar 30 2024 | n/a | n/a | US$65m |
| Dec 30 2023 | US$7m | US$1m | US$49m |
| Sep 30 2023 | n/a | n/a | US$43m |
| Jul 01 2023 | n/a | n/a | US$68m |
| Apr 01 2023 | n/a | n/a | US$111m |
| Dec 31 2022 | US$6m | US$998k | US$124m |
| Oct 01 2022 | n/a | n/a | US$116m |
| Jul 02 2022 | n/a | n/a | US$72m |
| Apr 02 2022 | n/a | n/a | US$59m |
| Jan 01 2022 | US$9m | US$973k | US$60m |
| Oct 02 2021 | n/a | n/a | US$74m |
| Jul 03 2021 | n/a | n/a | US$86m |
| Apr 03 2021 | n/a | n/a | US$81m |
| Jan 02 2021 | US$5m | US$891k | US$42m |
| Sep 26 2020 | n/a | n/a | US$67m |
| Jun 27 2020 | n/a | n/a | US$82m |
| Mar 28 2020 | n/a | n/a | US$86m |
| Dec 28 2019 | US$4m | US$923k | US$111m |
| Sep 28 2019 | n/a | n/a | US$95m |
| Jun 29 2019 | n/a | n/a | US$89m |
| Mar 30 2019 | n/a | n/a | US$92m |
| Dec 29 2018 | US$3m | US$779k | US$93m |
| Sep 29 2018 | n/a | n/a | US$95m |
| Jun 30 2018 | n/a | n/a | US$92m |
| Mar 31 2018 | n/a | n/a | US$87m |
| Dec 30 2017 | US$1m | US$546k | US$90m |
Compensation vs Market: Jeff's total compensation ($USD7.10M) is about average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.
CEO
Jeff Lorenger (58 yo)
6.7yrs
Tenure
US$7,102,944
Compensation
Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. He serves as Independent Director at THOR Industries, Inc. since Febrary 1, 2024. Mr. Loren...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.7yrs | US$7.10m | 0.42% $ 10.3m | |
| Senior VP & CFO | 7.9yrs | US$2.27m | 0.12% $ 3.0m | |
| Senior VP | 16.9yrs | US$1.59m | 0.11% $ 2.8m | |
| Executive VP and President of Hearth & Home Technologies | 6.8yrs | US$1.67m | 0.13% $ 3.2m | |
| President of The HON Company | 6.1yrs | US$1.58m | 0.033% $ 793.9k | |
| VP of Corporate Finance & Treasurer | no data | no data | no data | |
| VP and Chief Information & Digital Officer | 4.9yrs | no data | 0.035% $ 843.4k | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Executive Vice President of Global Operations - Kimball International | 1.9yrs | no data | 0.022% $ 530.0k | |
| Chief Customer Officer of Kimball International | 1.9yrs | no data | 0.013% $ 323.6k | |
| Chief Operating Officer of Kimball International | 1.9yrs | no data | 0.078% $ 1.9m | |
| President of Hearth & Home Technologies | less than a year | no data | 0.028% $ 681.9k |
5.5yrs
Average Tenure
53.5yo
Average Age
Experienced Management: HNI's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.7yrs | US$7.10m | 0.42% $ 10.3m | |
| Independent Lead Director | 20.3yrs | US$226.15k | 0.065% $ 1.6m | |
| Independent Director | 18.1yrs | US$207.60k | 0.066% $ 1.6m | |
| Independent Director | 25.6yrs | US$224.90k | 0.17% $ 4.2m | |
| Independent Director | 24.4yrs | US$203.65k | 0.071% $ 1.7m | |
| Independent Director | 20.3yrs | US$205.22k | 0.029% $ 697.5k | |
| Director | less than a year | no data | 0.0060% $ 147.3k | |
| Independent Director | 8.8yrs | US$218.65k | 0.071% $ 1.7m | |
| Independent Director | 8.3yrs | US$208.65k | 0.078% $ 1.9m | |
| Independent Director | 2.3yrs | US$203.65k | 0.025% $ 602.6k | |
| Independent Director | 5.4yrs | US$218.65k | 0.044% $ 1.1m |
8.8yrs
Average Tenure
63yo
Average Age
Experienced Board: HNI's board of directors are considered experienced (8.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 06:12 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HNI Corporation is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Peter Lisnic | Baird |
| Reuben Garner | Benchmark Company |
| Leah Villalobos | Longbow Research LLC |