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HNI's (HNI) CEO Stan Askren on Q1 2018 Results - Earnings Call Transcript

May 01, 2018 3:22 PM ETHNI Corporation (HNI)
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HNI Corp. (NYSE:HNI) Q1 2018 Earnings Conference Call May 1, 2018 11:00 AM ET


Jack Herring – Treasurer and Director of Investor Relations

Stan Askren – Chairman and Chief Executive Officer

Marshall Bridges – Senior Vice President and Chief Financial Officer

Jeff Lorenger – President


Budd Bugatch – Raymond James

Matt McCall – Seaport Global Securities

Steven Ramsey – Thompson Research Group

Greg Burns – Sidoti


Good morning. My name is Emily, and I will be your conference operator today. I would like to welcome everyone to the HNI Corporation First Quarter Fiscal 2018 Conference Call. All lines have been placed on mute to prevent any background noises. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, today’s conference call is being recorded.

Thank you. Mr. Herring, you may begin your conference.

Jack Herring

Thank you. Good morning. I’m Jack Herring, Treasurer and Director of Investor Relations for HNI Corporation. Thank you for joining us to discuss our first quarter fiscal 2018 results. Here with me are Stan Askren, Chief Executive Officer and Chairman; Jeff Lorenger, President; and Marshall Bridges, Senior Vice President and Chief Financial Officer. Copies of our financial news release, which was released on Friday, April 20, our earnings presentation and non-GAAP reconciliations are posted on our website.

Statements made during this call that are not strictly historical facts are forward-looking statements, which are subject to known and unknown risks. Actual results could differ materially. The earnings presentation posted on our website includes additional factors that could affect actual results. The corporation assumes no obligation to update any forward-looking statements made during the call.

I am pleased to turn the call over to Mr. Stan Askren.

Stan Askren

Thank you, Jack. Good morning, everyone. I’ll share a brief assessment of the first

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