HNI Corp (HNI) Completes the Acquisition of Steelcase Inc

​HNI Corp. (NYSE:HNI) is one of the Best Small Cap Value Stocks to Buy. On December 10, HNI Corp. (NYSE:HNI) announced the completion of its Steelcase Inc. (NYSE:SCS) acquisition. Management noted that the merger of the two companies will result in a stronger united company to meet the challenging and growing need for the workplace as the work-from-office trend is gaining traction.

​Management also noted that while this strategic acquisition accelerates the ability of HNI Corp. (NYSE:HNI) to invest in long-term operations, the combined business is expected to generate annual pro forma revenue of $5.8 billion.

​That said, the company, during its fiscal Q3 2025 results, grew its revenue by 1.73% year-over-year to $683.8 million. The revenue fell short of expectations by $7.72 million. However, the EPS of $1.10 topped the consensus by $0.03. Management noted that productivity and strong control over expenses drove the results for the quarter. Moreover, HNI Corp. (NYSE:HNI) also highlighted that the demand for workplace furniture improved during the quarter, reflecting a 2% increase year-over-year in orders.

​The company expects fourth quarter net sales in Workplace Furnishings to increase at a high single-digit rate year-over-year, along with Residential Building Products net sales expected to increase at a high-single digit rate.

​HNI Corporation (NYSE:HNI) designs, manufactures, and sells office furniture and residential building products in the United States and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.