Jeffrey Lorenger - HNI Corp President

HNI Stock  USD 41.60  0.52  1.27%   

President

Mr. Jeffrey D. Lorenger is President, Chief Executive Officer, Director Company. He joined HNI Corporation in 1998 and has since held multiple executive level positions, including Vice President, Sales and Marketing for The HON Company, Vice President, General Counsel and Secretary for HNI Corporationrationration, and Vice President, Seating for Allsteel since 2020.
Age 58
Tenure 4 years
Professional MarksMBA
Address 600 East Second Street, Muscatine, IA, United States, 52761-0071
Phone563 272 7400
Webhttps://www.hnicorp.com
Lorenger holds Bachelor of Business Administration, MBA, and Juris Doctorate degrees from the University of Iowa. He served as Vice President, General Counsel and Secretary HNI Corporationrationrationration; Vice President, Sales and Marketing The HON Company. joined HNI Corporationration in 1998 and has held multiple executive level positions including most recently serving as President, Office Furniture, beginning June 2017; President, Contract Furniture, from 2014 to June 2017; and President, Allsteel from 2008 to 2014. He has also held positions as Vice President, Sales and Marketing, The HON Company; and Vice President, General Counsel and Secretary for HNI Corporationrationrationration.

HNI Corp Management Efficiency

The company has Return on Asset of 0.0663 % which means that on every $100 spent on assets, it made $0.0663 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0714 %, implying that it generated $0.0714 on every 100 dollars invested. HNI Corp's management efficiency ratios could be used to measure how well HNI Corp manages its routine affairs as well as how well it operates its assets and liabilities. The HNI Corp's current Return On Capital Employed is estimated to increase to 0.22, while Return On Tangible Assets are projected to decrease to 0.11. As of now, HNI Corp's Non Current Assets Total are increasing as compared to previous years. The HNI Corp's current Non Currrent Assets Other is estimated to increase to about 69.8 M, while Total Assets are projected to decrease to under 1 B.
The company has 578 M in debt with debt to equity (D/E) ratio of 0.52, which is OK given its current industry classification. HNI Corp has a current ratio of 1.15, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Debt can assist HNI Corp until it has trouble settling it off, either with new capital or with free cash flow. So, HNI Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like HNI Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for HNI to invest in growth at high rates of return. When we think about HNI Corp's use of debt, we should always consider it together with cash and equity.

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HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa. Hon Industries operates under Business Equipment Supplies classification in the United States and is traded on New York Stock Exchange. It employs 7900 people. HNI Corp (HNI) is traded on New York Stock Exchange in USA. It is located in 600 East Second Street, Muscatine, IA, United States, 52761-0071 and employs 8,100 people. HNI Corp is listed under Commercial Services & Supplies category by Fama And French industry classification.

Management Performance

HNI Corp Leadership Team

Elected by the shareholders, the HNI Corp's board of directors comprises two types of representatives: HNI Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HNI. The board's role is to monitor HNI Corp's management team and ensure that shareholders' interests are well served. HNI Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HNI Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald Waters, Independent Director
Kurt Tjaden, Senior Vice President and President, HNI International
Larry Porcellato, Lead Independent Director
Jason Hagedorn, President of Allsteel, Inc
James Jenkins, Independent Director
Gregory Meunier, Executive International
Mary Jones, Independent Director
Cheryl Francis, Lead Independent Director
Abbie Smith, Lead Independent Director
Matthew McCall, Vice President - Investor Relations and Corporate Development
Miguel Calado, Independent Director
Matthew McGough, Vice President Corporate Finance
Julie Abramowski, Vice President Corporate Controller
B Bullock, President of The HON Company
Brian Stern, Independent Director
Bradley Determan, Executive VP and President of Hearth and Home Technologies Inc
Donald Mead, Executive Vice President; President of The Gunlocke Company L.L.C.
Kourtney Smith, Chief International
Dhanusha Sivajee, Independent Director
Brandon III, President Company
Kristin Yates, President - Allsteel, Inc.
Mary Bell, Independent Director
Matthew CFA, Vice Development
Donna Meade, Vice President, Member and Community Relations
Marshall Bridges, Chief Financial Officer, Senior Vice President
Steven Bradford, Senior Vice President, General Counsel, Secretary
Jerald Dittmer, Executive VP and President of HON Group
Radhakrishna Rao, VP Officer
Stanley Askren, Executive Chairman, CEO and Pres
Jeffrey Lorenger, Executive VP and President of HNI Contract Furniture Group
Michael Roch, Chief International
Dennis Martin, Independent Director
Vincent Berger, Executive Vice President, President - Hearth & Home Technologies Group
Jack Herring, VP Treasurer
John Hartnett, Independent Director
Marco Molinari, Executive Vice President; President of HNI International Inc.
Kris Yates, President Allsteel

HNI Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is HNI Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether HNI Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HNI Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hni Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hni Corp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HNI Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in HNI Stock please use our How to Invest in HNI Corp guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running HNI Corp's price analysis, check to measure HNI Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HNI Corp is operating at the current time. Most of HNI Corp's value examination focuses on studying past and present price action to predict the probability of HNI Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HNI Corp's price. Additionally, you may evaluate how the addition of HNI Corp to your portfolios can decrease your overall portfolio volatility.
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Is HNI Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HNI Corp. If investors know HNI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HNI Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.213
Dividend Share
1.28
Earnings Share
1.09
Revenue Per Share
54.697
Quarterly Revenue Growth
0.195
The market value of HNI Corp is measured differently than its book value, which is the value of HNI that is recorded on the company's balance sheet. Investors also form their own opinion of HNI Corp's value that differs from its market value or its book value, called intrinsic value, which is HNI Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HNI Corp's market value can be influenced by many factors that don't directly affect HNI Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HNI Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if HNI Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HNI Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.