HNI downgrades profit expectations amid worker, supply shortage
BPC Staff Sep 24, 2021 | 3:34 pm
<1 min read time72 wordsAll Latest News, Insurance & Investments, Iowa News, Manufacturing & Logistics
Des Moines Register: Executives at furniture manufacturer HNI Corp. said they couldn’t hire enough workers or get enough supplies at a low enough price this summer, leading the company to earn less money than leaders hoped. The Muscatine-based multinational company on Thursday downgraded its earnings outlook for the quarter that closes at the end of this month. The company said profits will be down 25-35% compared with the same quarter last year.
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