HNI Corporation · Muscatine, IA United States ·(NYSE: HNI)
Company Description
Phone: 563-272-7400
Fax: 563-272-7655
Rankings
- S&P 400
View HNI Corporation Locations On A US Map
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This link will open in a new window Tired of your office furniture? HNI Corporation can supply you with replacements, along with a fireplace to burn the old set. HNI is a leading US manufacturer of office furniture, and more than 80% of the firm's sales come from this division. It sells primarily to furniture dealers, wholesalers, and retail superstores (OfficeMax , Office Depot , and Staples ). The company's Hearth & Home Technologies unit is one of the largest US makers of wood- and gas-burning fireplaces for the home. HNI has distribution partners in more than 50 countries, but the majority of its products are sold in Canada and the US. State Farm Insurance Companies owns more than 15% of the company. To read the full description, subscribe now.
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Key HNI Corporation Financials
| Company Type | Public - NYSE: HNI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,477.6 |
| 2008 Employees | 12,200 |
HNI Corporation Executives
32 executives listed for HNI Corporation's Muscatine, IA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Stanley Askren | Network |
| VP and CFO | Kurt Tjaden | Network |
| VP and CIO | Douglas Jones | Network |
Competition
Competitive Landscape for HNI Corporation
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top HNI Corporation Competitors
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