08:18 AM EDT, 04/29/2024 (MT Newswires) -- HNI (HNI) reported fiscal Q1 non-GAAP earnings Monday of $0.37 per diluted share, up from $0.13 a year earlier.

Four analysts polled by Capital IQ expected $0.18.

Net sales for the quarter ended March 30 were $588 million, up from $479.1 million a year earlier.

Four analysts surveyed by Capital IQ expected $574.6 million.

The workplace furnishings company said it expects fiscal Q2 adjusted EPS to increase year-over-year, and fiscal 2024 adjusted EPS to increase "strongly" over the prior year.

Shares of the company were up nearly 6% in recent Monday premarket activity.

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