HNI

HNI Corporation manufactures and markets office furniture and hearth products through two primary business segments. Headquartered in Muscatine, Iowa, the company operates as a leading provider of workplace furnishings and residential heating products across North America. The Workplace Furnishings segment produces office furniture under brands including HON, Allsteel, Gunlocke, HBF, Lamex, and Maxon, serving corporate, government, and institutional customers through a network of dealers and direct sales channels. The Residential Building Products segment designs and manufactures a comprehensive range of hearth products—including fireplaces, inserts, stoves, and fireplace accessories—under the Heat & Glo, Heatilator, Quadra-Fire, and Harman brands, positioning HNI as North America's largest hearth products manufacturer. The company operates approximately 60 manufacturing facilities and employs around 9,000 people. HNI generates annual revenues exceeding $2 billion and maintains a significant market presence through its diverse product portfolio and multi-brand strategy. Recent initiatives focus on product innovation, operational efficiency improvements, and expanding its presence in the growing hybrid workplace solutions market. The company's business model emphasizes vertical integration in manufacturing, extensive distribution networks, and serving both commercial and residential end markets to balance cyclical demand patterns.