HON-Allsteel: Biz
demand slowdown

Demand down 30% v 2019
Complacent commentary

HNI (HON + AllSteel) the $2.3Bn US furnituremaker, reported another drop in office demand in Q2'23. CEO Jeff Lorenger  commented complacently given the slow RTO hurting contract sales and growth in WFH markets; and added details of the Kimball acquisition...