lorenger jeff HNI 23HON Allsteel: sales 
recovery receding?

Volume down -30% v Q1'20
Kimball acquisition boosted

HNI (HON+ AllSteel) the $2Bn US furnituremaker, reported organic declines in office demand in Q1'24. CEO Jeff Lorenger commented complacently given the slow RTO hurting contract sales and growth in WFH markets;plus more on the Kimball acquisition, that boosted revenues substantially.

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