
HNI Corporation has released its financial results for the second quarter of 2024, showcasing strong performance and significant growth across various metrics. Net sales reached $623.7 million, representing a 10.7% increase from $563.5 million in the same period of 2023. The company reported a net income of $36.0 million, a substantial improvement from a net loss of $12.8 million in Q2 2023. Earnings per share (EPS) also saw significant gains, with GAAP EPS at $0.75, up from -$0.30 in the previous year, and non-GAAP EPS reflecting a 44% year-over-year increase at $0.79.
Operationally, HNI Corporation experienced improvements in operating margins, with GAAP operating margin increasing by 750 basis points year-over-year and non-GAAP operating margin rising by 370 basis points to reach 11.9%. The gross profit margin also increased to 41.9% from 38.3% in Q2 2023. In terms of segment performance, the Workplace Furnishings segment saw net sales grow by 16.3% to $480.2 million, significantly bolstered by the acquisition of Kimball International, which contributed $80.5 million in sales. Conversely, the Residential Building Products segment experienced a 4.6% decline in net sales to $143.5 million, primarily due to ongoing challenges in the housing market.
Strategically, HNI Corporation continued to focus on profit transformation initiatives in the Workplace Furnishings segment, achieving multi-decade high operating profit margins. The company also highlighted strategies for market expansion and product innovation, indicating a strong future growth trajectory. Looking ahead, HNI Corporation expects net sales growth to return in both segments during the second half of 2024. The company anticipates record EPS for the year and elevated earnings growth visibility beyond 2024, driven by ongoing initiatives and the integration of Kimball International.
In summary, HNI Corporation's Q2 2024 results reflect robust financial health, driven by strategic acquisitions, operational efficiencies, and a strong focus on market expansion and product innovation.


AdvisorEY, an executive search firm based in San Francisco and founded in 2007, announced the launch of its Workplace Strategy Division, expanding its human capital services.
“We’re excited to add workplace strategy to our services,” said Chessa Eskandanian-Yee, Co-Founder of AdvisorEY. “Aligning clients' work patterns with their environment is crucial for shaping culture. This addition complements our expertise in Talent Acquisition, Employee Engagement, and Organizational Development.”
AdvisorEY enhances human capital initiatives, from talent acquisition to workforce management and development, fostering purpose-driven cultures.
Katherine Eskandanian-Yee, Co-Founder, added, “Our two decades of experience in contract furniture, architecture, and design industries have been invaluable in identifying top talent and shaping careers.”
“Our mission is to create environments that attract and motivate the workforce, aligning with business goals,” stated Chessa Eskandanian-Yee.
Chessa introduced Clare Roediger as Head of Creative, bringing extensive experience in Architecture, Design, and Project Management. Clare’s background in contract furnishing has highlighted issues from poor communication and inefficient processes, leading to inflated costs, errors, and missed deadlines.
Clare Roediger shared, “Successful workplace strategy goes beyond aesthetics and functionality. It’s about creating spaces that drive productivity, build relationships, and promote growth, aligning with AdvisorEY’s human capital services.”
Katherine added, “Sourcing the right teams and selecting reliable vendors are our expertise. Clare will curate design directions, analyzing every project aspect and acting as a conduit between stakeholders.”


The Solomon Coyle 2024-Q2 to Q3 Market Outlook Report is now available. Q2 Bookings look strong, coming in almost exactly as predicted a quarter ago. Distributors remain optimistic about the remainder of the year.
Shelley Rosetta, principal at Solomon Coyle, notes, "Bookings and Billings both recovered nicely in Q2. Although flattening is forecasted for Q4 due to slowing activity in Q3, education, government, and healthcare remain robust and distribution channels continue to leverage sector and product diversification to maintain market strength."
Solomon Coyle’s head of business analytics, John Joseph, also shares the following thoughts, “We knew from the previous survey that distributors were expecting a strong Q2. They were right. Bookings grew at 6.6% and Billings and Backlog followed suit at 6.5% and 4.4%, respectively. The strong Bookings and Backlog results will support Q3 Billings.”
Key Findings This Quarter
• Actual Bookings growth of 6.6% slightly exceeded the 6.3% distributors forecasted three months ago. Once again, the South and Midwest regions led the way
• Distributors foresee 4.3% growth in Bookings for Q3 before expecting things to cool down a bit to under 1% growth for Q4
• Rounding out a strong quarter, both Billings and Backlogs jumped significantly in Q2, at 6.5% and 4.4%, respectively
• Distributor Pipeline Activity is positive for every region except the Northeast, which is flat, and positive in every sector except technology where, again, it is essentially flat • Notably, pipelines for public sectors - Government, Education, and Healthcare - continue to lead private-sector pipelines



3form Elements has introduced a new, high-resolution printing capability for their Hush Clad acoustic solutions, utilizing state-of-the-art technology and water-based ink on 50% post-consumer recycled PET material. This advancement allows for the creation of intricate patterns, including four woodgrains, five gradients, and two stone designs, demonstrating the ability to fade between colors and execute fine lines with precision.
Additionally, the release includes patterns combined with bevel cuts, such as Leafy Greens with its green leaf motif, Net Stretch Colored Tiles with random-hued rectangles, and Deco Warm and Deco Cool which feature red and blue gradients in an art deco pattern. The woodgrain patterns mimic real wood paneling, while Deco Arches and Swell Ocean Wave Gradient add further artistic dimensions. Designers can use these elements to explore 3form Elements' cutting and printing capabilities to realize their unique visions.
The panels, ideal for modern offices, hospitality venues, conference spaces, retail environments, and restaurants, offer effective sound dampening and striking visual appeal. Each 44” x 96” Hush Clad panel is .35 NRC-rated and certified as a Declare Label Red List Free product with Greenguard Gold Indoor Air Quality Certification, ensuring they meet high standards for indoor environmental quality.


LightArt, a leader in innovative lighting, announces the Acoustic Collection Wood Textures—its first wood-inspired acoustic fixtures. The collection includes Iron Oak, Carmel Oak, Walnut, and Rich Bamboo patterns printed on Sola Felt material using water-based ink. Three Sola Felt colors—Dune, Driftwood, and Nickel—serve as bases.
Designers can use these patterns across LightArt’s Acoustic Collection, including Static, Static Links, Stratta, Baffles, Echo, Empire Shade, Cube Shade, Trapezoid Shade, Cylinder Shade, Trellis, and Wing.
Edwin Vice, Director of R&D, said, "We’re excited to expand our acoustic offerings with this new printing technology, providing more design options."
LightArt, the first to combine acoustic paneling with high-performance lighting, continues to innovate with new Sola Felt colors and modular products. The Acoustic Collection Wood Textures are ideal for corporate spaces, hotel lobbies, and restaurants, adding organic warmth to various environments.
The collection features horizontal grain patterns and uses Greenguard Gold certified, 50% post-consumer recycled Sola Felt material. LightArt’s Acoustic Collection fixtures have NRC ratings between 0.75 and 1.3.












