HNI sales down, net income up in first quarter
Thursday, April 18, 2013 10:53 AM
Muscatine-based HNI Corp. on Wednesday announced
a first quarter net income of $1.4 million, or 3 cents per share, up from a
slight loss in the same quarter a year ago.
The company had sales of $442.3
million, down from $445.2 million a year earlier.
HNI is an office
manufacturing company. Stan Askren, the company's president and CEO, said in a
news release that office furniture sales declined in the quarter due to