08:16 AM EDT, 10/29/2024 (MT Newswires) -- HNI (HNI) reported Q3 non-GAAP earnings Tuesday of $1.03 per diluted share, compared with $0.93 a year earlier.

Four analysts surveyed by Capital IQ expected $0.98.

Net sales for the quarter ended Sept. 28 was $672.2 million, compared with $711.6 million a year earlier.

Four analysts surveyed by Capital IQ expected $712.8 million.

The company said it expects Q4 non-GAAP earnings per share to decrease from the same quarter a year earlier, while it expects full year non-GAAP earnings to increase by at least 10%, driven by market expansion in both the Workplace Furnishings and Residential Building Products segments.

Four analysts surveyed by Capital IQ expect Q4 non-GAAP earnings of $1.07 per share, and full-year non-GAAP earnings of $3.20.

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