HNI Corporation Updates Synergy Targets and 2026 Financial Outlook

HNI Corporation raised its mature annual Steelcase integration synergy target to at least $130 million from $120 million, citing faster-than-expected progress. It forecast 2026 non-GAAP EPS growth of 20%–25% and low-single-digit organic sales growth in both Workplace Furnishings and Residential Building Products, and expects Q4 EPS to rise about 25% year over year. Q3 orders increased 6% in Workplace Furnishings and 4% in Residential Building Products. HNI plans cost controls and optimization of legacy manufacturing operations through 2028 amid market uncertainty and softer housing conditions.