Latest news with #officefurniture
Yahoo
03-07-2025
- Business
- Yahoo
Why HNI (HNI) is a Great Dividend Stock Right Now
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Based in Muscatine, HNI (HNI) is in the Business Services sector, and so far this year, shares have seen a price change of 1.57%. The maker of office furniture and fireplaces is currently shelling out a dividend of $0.34 per share, with a dividend yield of 2.66%. This compares to the Business - Office Products industry's yield of 2.74% and the S&P 500's yield of 1.54%. Taking a look at the company's dividend growth, its current annualized dividend of $1.36 is up 3.8% from last year. HNI has increased its dividend 3 times on a year-over-year basis over the last 5 years for an average annual increase of 1.84%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, HNI's payout ratio is 42%, which means it paid out 42% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HNI for this fiscal year. The Zacks Consensus Estimate for 2025 is $3.50 per share, with earnings expected to increase 14.38% from the year ago period. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, HNI presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HNI Corporation (HNI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
30-06-2025
- Automotive
- BBC News
Sixty firefighters tackle major Birmingham blaze
About 60 firefighters are tackling a large fire in Birmingham which is close to the Midlands Fire and Rescue Service said people living on and near Tyburn Road, Erdington, should keep their doors and windows closed after they were called at about 16:55 fire was in a building belonging to an office furniture company and was close to junction six of the M6, Spaghetti Junction, the brigade Midlands Police said it was helping the fire service and several roads in the area were closed. Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
Associated Press
27-06-2025
- Business
- Associated Press
Urbanica Launches Premium Ergonomic Office Furniture Tailored for Home and Hybrid Workspaces
LOS ANGELES, June 27, 2025 (GLOBE NEWSWIRE) -- Urbanica Furniture, a family-owned brand with over three decades of experience in high-quality furniture manufacturing, has unveiled its newest collection of ergonomic office solutions, built for today's modern professionals. This new launch includes height-adjustable desks, ergonomic chairs, and workspace accessories—all designed with comfort, sustainability, and flexibility in mind. Urbanica's ergonomic desk is designed to enhance comfort and style in modern workspaces 'At Urbanica, we believe great furniture should empower people to do their best work—no matter where they are,' said Urbanica. 'From remote professionals and startup teams to creative studios, our mission is to make it easy and affordable to create a workspace that supports wellness, focus, and productivity.' Tailored Solutions for Every Industry and Team Urbanica's ergonomic products are crafted to meet the unique demands of various work environments: Flexible, Stylish, and Sustainable The product line includes the Novo, Muse, Onyx, and Seashell chairs; height-adjustable desks; mini standing desks; and modular workstations. Customers can build their own furniture bundles, creating office layouts that reflect their workflows. Urbanica simplifies the entire process—from design to delivery—by managing logistics and white-glove installation in-house. The direct-to-consumer model eliminates markup, offering up to 50% savings compared to traditional office furniture vendors. Commitment to Wellness and the Planet Urbanica integrates environmental responsibility into every step. For each purchase, the company plants a tree through global reforestation efforts, including mangrove restoration in Africa. Eco-conscious materials, minimal packaging, and long-lasting product design reduce waste and carbon footprint. Explore More To browse the full collection or create a personalized office bundle, visit Media Contact: Urbanica Furniture URBANICA [email protected] A photo accompanying this announcement is available at
Yahoo
26-06-2025
- Business
- Yahoo
Steelcase's (NYSE:SCS) Q2: Beats On Revenue But Stock Drops
Office furniture manufacturer Steelcase (NYSE:SCS) reported Q2 CY2025 results topping the market's revenue expectations , with sales up 7.1% year on year to $779 million. The company expects next quarter's revenue to be around $875 million, close to analysts' estimates. Its non-GAAP profit of $0.20 per share was 50% above analysts' consensus estimates. Is now the time to buy Steelcase? Find out in our full research report. Revenue: $779 million vs analyst estimates of $759.9 million (7.1% year-on-year growth, 2.5% beat) Adjusted EPS: $0.20 vs analyst estimates of $0.13 (50% beat) Adjusted EBITDA: $64.8 million vs analyst estimates of $52.33 million (8.3% margin, 23.8% beat) Revenue Guidance for Q3 CY2025 is $875 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q3 CY2025 is $0.38 at the midpoint, below analyst estimates of $0.41 Operating Margin: 3.3%, in line with the same quarter last year Free Cash Flow was -$155.1 million compared to -$71.2 million in the same quarter last year Market Capitalization: $1.24 billion 'Our first quarter results were a great start to the year,' said Sara Armbruster, president and CEO. Founded in 1912 when metal office furniture was replacing wooden alternatives, Steelcase (NYSE:SCS) is a global office furniture manufacturer that designs and produces workplace solutions including desks, chairs, architectural products, and services. A company's long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $3.22 billion in revenue over the past 12 months, Steelcase is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. As you can see below, Steelcase struggled to increase demand as its $3.22 billion of sales for the trailing 12 months was close to its revenue five years ago. This shows demand was soft, a poor baseline for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Just like its five-year trend, Steelcase's revenue over the last two years was flat, suggesting it is in a slump. This quarter, Steelcase reported year-on-year revenue growth of 7.1%, and its $779 million of revenue exceeded Wall Street's estimates by 2.5%. Company management is currently guiding for a 2.2% year-on-year increase in sales next quarter. We also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Steelcase's operating margin might fluctuated slightly over the last 12 months but has remained more or less the same, averaging 3.1% over the last five years. This profitability was lousy for a business services business and caused by its suboptimal cost structure. Analyzing the trend in its profitability, Steelcase's operating margin might fluctuated slightly but has generally stayed the same over the last five years, meaning it will take a fundamental shift in the business model to change. In Q2, Steelcase generated an operating margin profit margin of 3.3%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Steelcase's EPS was flat over the last five years, just like its revenue. This performance was underwhelming across the board. In Q2, Steelcase reported EPS at $0.20, up from $0.16 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Steelcase's full-year EPS of $1.15 to shrink by 4.3%. We were impressed by how significantly Steelcase blew past analysts' EPS and EBITDA expectations this quarter. We were also glad its revenue outperformed Wall Street's estimates. On the other hand, its EPS guidance for next quarter missed. Zooming out, we think this was a mixed quarter, especially because competitor MillerKnoll guided above. The market seemed to be hoping for more, and the stock traded down 6% to $9.99 immediately following the results. Is Steelcase an attractive investment opportunity right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free.
Wall Street Journal
25-06-2025
- Business
- Wall Street Journal
Steelcase Profit, Sales Rise as Corporate Customers Refresh Offices
Steelcase SCS -1.94%decrease; red down pointing triangle posted higher profit and revenue in its latest quarter, helped by recent job cuts and large corporate customers buying more office furniture to redo their workspaces. The Grand Rapids, Mich., office-furniture company on Wednesday posted profit of $13.6 million, or 11 cents a share, for its fiscal first quarter ended May 30, compared with $10.9 million, or 9 cents a share, in last year's quarter.
