HNI Corp 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedApril 4, 2026 OR For the transition period from ____________to____________ Commission File Number: 1-14225 HNI Corporation(Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated filer☐Non-accelerated filer☐Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for Large accelerated filer☒Smaller reporting company☐ complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ HNI Corporation and SubsidiariesQuarterly Report on Form 10-Q Table of ContentsPART I.FINANCIAL INFORMATIONPageItem 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Comprehensive Income - Three Months Ended April 4,2026 andMarch 29, 20253Condensed Consolidated Balance Sheets - April 4, 2026 andJanuary 3, 20264Condensed Consolidated Statements of Equity - Three Months EndedApril 4, 2026 and March29, 20256Condensed Consolidated Statements of Cash Flows - Three Months EndedApril 4, 2026 andMarch 29, 20257Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis ofFinancial Condition and Results of Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk32Item 4.Controls and Procedures32PART II.OTHER INFORMATIONItem 1.Legal Proceedings33Item 1A.Risk Factors33Item 2.Unregistered Sales of Equity Securities and Use of Proceeds33Item 5.Other Information33Item 6.Exhibits34Signatures35 PART I.FINANCIAL INFORMATION HNI Corporation and SubsidiariesCondensed Consolidated Statements of Comprehensive Income(In millions, except per share data)(Unaudited) HNI Corporation and SubsidiariesCondensed Consolidated Balance Sheets(In millions)(Unaudited) HNI Corporation and SubsidiariesCondensed Consolidated Balance Sheets(In millions)(Unaudited) Liabilities and Equity HNI Corporation and SubsidiariesCondensedConsolidated Statements of Equity(In millions, except per share data)(Unaudited) HNI Corporation and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited)April4, 2026 Note 1.Basis of Presentation The accompanying unaudited, condensed consolidated financial statements of HNI Corporation (individually and together with itsconsolidated subsidiaries, the "Corporation" or "HNI") have been prepared in accordance with generally accepted accountingprinciples ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements.TheJanuary3, 2026 consolidated balance sheet included in this Form 10-Q was derived from audited financial statements but does notinclude all disclosures required by GAAP.In the opinion of management, all adjustments (consisting of normal recurring accruals)considered necessary for a fair statement have been included. Operating results for the three-months ended April4, 2026 are notnecessarily indicative of the results expected for the fiscal year ending January2, 2027 or for any other period. For further information,refer to the consolidated financial statements and accompanying notes included in the Corporation's Annual Report on Form 10-K forthe fiscal year ended January3, 2026 filed with the Securities and Exchange Commission. All dollar amounts presented are inmillions, except per share data or where otherwise indicated. Amounts may not sum due to rounding. On December 10, 2025, the Corporation acquired Steelcase Inc. ("Steelcase"). The Corporation included the financial results ofSteelcase in the Condensed Cons