“We are pleased to be recognized in this prestigious ranking of manufacturers,” said Stan A. Askren, HNI Corporation Chairman, President and CEO.  “The rankings reflect our commitment to ongoing continuous improvement and creating long-term value for our stakeholders.  We thank each of our members for their contribution to achieving this recognition.”

IndustryWeek’s annual recognition of the 50 Best Manufacturing Companies, published in its June 2007 publication, is a ranking of top performers culled from a list of the 500 largest manufacturing companies in the United States.  The ranking considered financial measures that pertain to operational efficiency and market success.  Market metrics include revenue growth, return on equity (ROE), and profit margin.  Manufacturing specific metrics were chosen to address the capital/asset intensive nature of manufacturing including asset turnover, inventory turnover, and return on assets (ROA).
 
The Corporation remains focused on creating long-term shareholder value through investment in building brands, product solutions and selling models, enhancing its strong member-owner culture, and remaining focused on its long-standing rapid continuous improvement programs to build best total cost and a lean enterprise.