New Tax Law Helps HNI
Thanks in part to the new tax law, earnings rose last year for HNI Corporation. The Muscatine-based maker of office furniture and fireplaces reports a profit of $2 per share in 2017, compared with $1.88 the previous year.
That includes a one-time tax benefit of 45 million dollars resulting from the federal tax overhaul.
Sale fell however, by 1.3 per cent, to $2.1 billion.