India, Feb. 20 -- HNI Corp. (HNI), a manufacturer of commercial furnishings and building products, Thursday announced that fourth quarter net income increased from the prior year.
For the fourth quarter, net income was $38.3 million, higher than $22.7 million last year.
Earnings per share increased to $0.79 from $0.48 in the previous year.
For the fourth quarter Adjusted net income was $42.3 million and adjusted earnings per share were $0.87 versus $0.98 in the previous year's quarter.
Analysts, on average, had expected the company to earn $0.74 per share. Analysts' estimates typically exclude special items.
Operating income surged to $54.6 million from $30.7 million.
However, revenue decreased to $642.5 million from $679.8 million la...