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HNI Corporation (HNI) CEO Jeff Lorenger on Q4 2020 Results - Earnings Call Transcript

Mar. 01, 2021 4:54 PM ETHNI Corporation (HNI)
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HNI Corporation (NYSE:HNI) Q4 2020 Earnings Conference Call March 1, 2021 11:00 AM ET

Company Participants

Matt McCall - Investor Relations & Corporate Development

Jeff Lorenger - President & Chief Executive Officer

Marshall Bridges - Senior Vice President & Chief Financial Officer

Conference Call Participants

Reuben Garner - The Benchmark Company

Steven Ramsey - Thompson Research

Greg Burns - Sidoti


Good morning. My name is Chris, and I'll be your conference operator today. At this time, I would like to welcome everyone to the HNI Corporation Fourth Quarter and Fiscal Year 2020 Conference Call. [Operator Instructions] Thank you.

Mr. McCall, you may begin your conference.

Matt McCall

Good morning. My name is Matt McCall, I'm Vice President, Investor Relations and Corporate Development for HNI Corporation. Thank you for joining us to discuss our fourth quarter of fiscal 2020 results. With me today are Jeff Lorenger, Chairman, President and CEO; and Marshall Bridges, Senior Vice President and CFO. Copies of our financial news release, 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.

Now, I'm pleased to turn the call over to Jeff Lorenger. Jeff?

Jeff Lorenger

Thanks, Matt. Good morning and thank you for joining us. Our members finished the challenging year by delivering another solid quarter. This past year, our members adapted, stayed agile, and kept the corporation strong in the face of challenging conditions as they continue to demonstrate what is unique about HNI. A great example of our strong 2020 performance was our cash flow generation. For the

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