
HNI Corporation
Family of leading brands providing products and services for the office and home.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
Total Funding | 000k |
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | (13 %) | 12 % | 8 % | 3 % | 4 % | 5 % | 4 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | 9 % | 8 % | 8 % | 9 % | 13 % | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | 2 % | 3 % | 5 % | 2 % | 6 % | - | - |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
In 1944, three visionary entrepreneurs, C. Maxwell Stanley, Clement Hanson, and H. Wood Miller, founded the Home-O-Nize Company. Their mission was to create a business that not only thrived economically but also provided quality products and a great workplace. This foundational ethos set the stage for what would become HNI Corporation.
Initially focused on manufacturing home appliances, the company quickly recognized the potential in office furniture. This strategic pivot allowed them to tap into a burgeoning market, setting the course for future growth. By the 1970s, the company had firmly established itself as a leader in the office furniture industry.
A significant milestone in HNI's journey was its decision to go public in 1981. Trading on the New York Stock Exchange marked a new era of expansion and visibility. This move not only provided the capital necessary for growth but also solidified HNI's reputation as a major player in the industry.
Over the decades, HNI expanded its reach beyond the United States, establishing a presence in Canada and Mexico. This international expansion was fueled by a commitment to innovation and customer service, ensuring that HNI remained at the forefront of the office furniture market.
Today, HNI Corporation stands as one of the largest office furniture manufacturers globally, a testament to the vision and determination of its founders. The company's journey from a small startup to an industry leader exemplifies the power of strategic pivots and the importance of staying true to core values.
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