(State of incorporation) | (IRS Employer Identification No.) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||||||||||||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||||||||||||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||||||||||||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||||||||||||||
Securities registered pursuant to Section 12(b) of the Act: | |||||||||||||||||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | |||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). | |||||||||||||||||
Emerging growth company | |||||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | |||||||||||||||||
Exhibit No. | Description | ||||
99.1 | |||||
104 | Cover Page Interactive Data File |
HNI CORPORATION | ||||||||||||||
Date: | April 29, 2024 | By: | /s/ Marshall H. Bridges | |||||||||||
Marshall H. Bridges Senior Vice President and Chief Financial Officer |
News Release |
HNI Corporation – First Quarter Financial Performance | |||||||||||||||||
(Dollars in millions, except per share data) | |||||||||||||||||
Three Months Ended | |||||||||||||||||
March 30, 2024 | April 1, 2023 | Change | |||||||||||||||
GAAP | |||||||||||||||||
Net Sales | $588.0 | $479.1 | 22.7 | % | |||||||||||||
Gross Profit % | 39.6 | % | 36.4 | % | 320 | bps | |||||||||||
SG&A % | 34.5 | % | 35.0 | % | -50 | bps | |||||||||||
Operating Income | $29.7 | $6.4 | 362 | % | |||||||||||||
Operating Income % | 5.0 | % | 1.3 | % | 370 | bps | |||||||||||
Effective Tax Rate | 19.6 | % | 58.4 | % | |||||||||||||
Net Income % | 3.0 | % | 0.3 | % | 270 | bps | |||||||||||
EPS – diluted | $0.37 | $0.04 | 825 | % | |||||||||||||
Non-GAAP | |||||||||||||||||
Gross Profit % | 39.6 | % | 36.5 | % | 310 | bps | |||||||||||
Operating Income | $29.9 | $10.3 | 191 | % | |||||||||||||
Operating Income % | 5.1 | % | 2.1 | % | 300 | bps | |||||||||||
Effective Tax Rate | 19.6 | % | 30.5 | % | |||||||||||||
EPS – diluted | $0.37 | $0.13 | 185 | % | |||||||||||||
HNI Corporation – First Quarter Impact of Kimball International Acquisition | |||||||||||||||||||||||||||||||||||
(Dollars in millions, except per share data) | |||||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||||||||||||||||||||||||||
GAAP | Legacy HNI | KII | Consolidated HNI | Consolidated HNI | Legacy Change | Consolidated Change | |||||||||||||||||||||||||||||
Net Sales | $440.5 | $147.5 | $588.0 | $479.1 | (8.1 | %) | 22.7 | % | |||||||||||||||||||||||||||
Gross Profit | $175.8 | $57.0 | $232.8 | $174.3 | 0.9 | % | 33.6 | % | |||||||||||||||||||||||||||
Gross Profit % | 39.9 | % | 38.7 | % | 39.6 | % | 36.4 | % | 350 | bps | 320 | bps | |||||||||||||||||||||||
Operating Income | $16.1 | $13.6 | $29.7 | $6.4 | 150 | % | 362 | % | |||||||||||||||||||||||||||
Operating Income % | 3.6 | % | 9.2 | % | 5.0 | % | 1.3 | % | 230 | bps | 370 | bps | |||||||||||||||||||||||
EPS - diluted | $0.37 | $0.04 | 825 | % | |||||||||||||||||||||||||||||||
Non-GAAP | |||||||||||||||||||||||||||||||||||
Gross Profit | $175.9 | $57.0 | $233.0 | $174.8 | 0.7 | % | 33.3 | % | |||||||||||||||||||||||||||
Gross Profit % | 39.9 | % | 38.7 | % | 39.6 | % | 36.5 | % | 340 | bps | 310 | bps | |||||||||||||||||||||||
Operating Income | $16.2 | $13.7 | $29.9 | $10.3 | 57.7 | % | 191 | % | |||||||||||||||||||||||||||
Operating Income % | 3.7 | % | 9.3 | % | 5.1 | % | 2.1 | % | 160 | bps | 300 | bps | |||||||||||||||||||||||
EPS - diluted | $0.27 | $0.37 | $0.13 | 108 | % | 185 | % |
Workplace Furnishings – First Quarter Financial Performance | |||||||||||||||||
(Dollars in millions) | |||||||||||||||||
Three Months Ended | |||||||||||||||||
March 30, 2024 | April 1, 2023 | Change | |||||||||||||||
GAAP | |||||||||||||||||
Net Sales | $439.8 | $299.6 | 46.8 | % | |||||||||||||
Operating Income (Loss) | $26.3 | ($4.0) | 759 | % | |||||||||||||
Operating Income (Loss) % | 6.0 | % | (1.3 | %) | 730 | bps | |||||||||||
Non-GAAP | |||||||||||||||||
Operating Income (Loss) | $26.5 | ($3.6) | 841 | % | |||||||||||||
Operating Income (Loss) % | 6.0 | % | (1.2 | %) | 720 | bps |
Workplace Furnishings – First Quarter Impact of Kimball International Acquisition | |||||||||||||||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||||||||||||||||||||||||||
GAAP | Legacy Workplace | KII | Total Workplace | Total Workplace | Legacy Change | Total Change | |||||||||||||||||||||||||||||
Net Sales | $292.3 | $147.5 | $439.8 | $299.6 | (2.5 | %) | 46.8 | % | |||||||||||||||||||||||||||
Operating Income (Loss) | $12.7 | $13.6 | $26.3 | ($4.0) | 418 | % | 759 | % | |||||||||||||||||||||||||||
Operating Income (Loss) % | 4.3 | % | 9.2 | % | 6.0 | % | (1.3 | %) | 560 | bps | 730 | bps | |||||||||||||||||||||||
Non-GAAP | |||||||||||||||||||||||||||||||||||
Operating Income (Loss) | $12.8 | $13.7 | $26.5 | ($3.6) | 457 | % | 841 | % | |||||||||||||||||||||||||||
Operating Income (Loss) % | 4.4 | % | 9.3 | % | 6.0 | % | (1.2 | %) | 560 | bps | 720 | bps |
Residential Building Products – First Quarter Financial Performance | |||||||||||||||||
(Dollars in millions) | |||||||||||||||||
Three Months Ended | |||||||||||||||||
March 30, 2024 | April 1, 2023 | Change | |||||||||||||||
GAAP | |||||||||||||||||
Net Sales | $148.2 | $179.4 | (17.4 | %) | |||||||||||||
Operating Income | $21.4 | $28.1 | (23.9 | %) | |||||||||||||
Operating Income % | 14.4 | % | 15.6 | % | -120 | bps | |||||||||||
Three Months Ended | |||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||
Net sales | $ | 588.0 | $ | 479.1 | |||||||
Cost of sales | 355.1 | 304.8 | |||||||||
Gross profit | 232.8 | 174.3 | |||||||||
Selling and administrative expenses | 203.1 | 167.9 | |||||||||
Restructuring charges | 0.1 | — | |||||||||
Operating income | 29.7 | 6.4 | |||||||||
Interest expense, net | 7.6 | 2.7 | |||||||||
Income before income taxes | 22.0 | 3.8 | |||||||||
Income taxes | 4.3 | 2.2 | |||||||||
Net income | 17.7 | 1.6 | |||||||||
Less: Net income (loss) attributable to non-controlling interest | 0.0 | (0.0) | |||||||||
Net income attributable to HNI Corporation | $ | 17.7 | $ | 1.6 | |||||||
Average number of common shares outstanding – basic | 47.1 | 41.5 | |||||||||
Net income attributable to HNI Corporation per common share – basic | $ | 0.38 | $ | 0.04 | |||||||
Average number of common shares outstanding – diluted | 48.1 | 42.1 | |||||||||
Net income attributable to HNI Corporation per common share – diluted | $ | 0.37 | $ | 0.04 | |||||||
Foreign currency translation adjustments | $ | 0.0 | $ | 0.1 | |||||||
Change in unrealized gains (losses) on marketable securities, net of tax | (0.0) | 0.2 | |||||||||
Change in derivative financial instruments, net of tax | 1.4 | (0.1) | |||||||||
Other comprehensive income (loss), net of tax | 1.4 | 0.1 | |||||||||
Comprehensive income | 19.0 | 1.7 | |||||||||
Less: Comprehensive income (loss) attributable to non-controlling interest | 0.0 | (0.0) | |||||||||
Comprehensive income attributable to HNI Corporation | $ | 19.0 | $ | 1.7 |
March 30, 2024 | December 30, 2023 | ||||||||||
Assets | |||||||||||
Current Assets: | |||||||||||
Cash and cash equivalents | $ | 27.0 | $ | 28.9 | |||||||
Short-term investments | 5.5 | 5.6 | |||||||||
Receivables | 231.9 | 247.1 | |||||||||
Allowance for doubtful accounts | (2.8) | (3.5) | |||||||||
Inventories, net | 212.1 | 196.6 | |||||||||
Prepaid expenses and other current assets | 53.5 | 61.3 | |||||||||
Total Current Assets | 527.2 | 535.9 | |||||||||
Property, Plant, and Equipment: | |||||||||||
Land and land improvements | 59.0 | 58.9 | |||||||||
Buildings | 409.6 | 406.8 | |||||||||
Machinery and equipment | 714.5 | 705.8 | |||||||||
Construction in progress | 21.8 | 22.2 | |||||||||
1,204.8 | 1,193.7 | ||||||||||
Less accumulated depreciation | (652.6) | (638.5) | |||||||||
Net Property, Plant, and Equipment | 552.2 | 555.2 | |||||||||
Right-of-use Finance Leases | 11.7 | 12.2 | |||||||||
Right-of-use Operating Leases | 113.8 | 115.2 | |||||||||
Goodwill and Other Intangible Assets, net | 645.9 | 651.9 | |||||||||
Other Assets | 61.8 | 58.4 | |||||||||
Total Assets | $ | 1,912.6 | $ | 1,928.8 | |||||||
Liabilities and Equity | |||||||||||
Current Liabilities: | |||||||||||
Accounts payable and accrued expenses | $ | 363.7 | $ | 418.7 | |||||||
Current maturities of debt | 12.8 | 7.5 | |||||||||
Current maturities of other long-term obligations | 2.0 | 7.3 | |||||||||
Current lease obligations - Finance | 4.4 | 4.4 | |||||||||
Current lease obligations - Operating | 24.9 | 25.9 | |||||||||
Total Current Liabilities | 407.7 | 463.7 | |||||||||
Long-Term Debt | 460.2 | 428.3 | |||||||||
Long-Term Lease Obligations - Finance | 7.3 | 7.9 | |||||||||
Long-Term Lease Obligations - Operating | 103.7 | 104.0 | |||||||||
Other Long-Term Liabilities | 78.8 | 78.0 | |||||||||
Deferred Income Taxes | 83.0 | 85.1 | |||||||||
Total Liabilities | 1,140.8 | 1,167.0 | |||||||||
Equity: | |||||||||||
HNI Corporation shareholders’ equity | 771.5 | 761.4 | |||||||||
Non-controlling interest | 0.3 | 0.3 | |||||||||
Total Equity | 771.8 | 761.8 | |||||||||
Total Liabilities and Equity | $ | 1,912.6 | $ | 1,928.8 |
Three Months Ended | |||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||
Net Cash Flows From (To) Operating Activities: | |||||||||||
Net income | $ | 17.7 | $ | 1.6 | |||||||
Non-cash items included in net income: | |||||||||||
Depreciation and amortization | 26.4 | 20.1 | |||||||||
Other post-retirement and post-employment benefits | 0.3 | 0.3 | |||||||||
Stock-based compensation | 7.7 | 4.5 | |||||||||
Deferred income taxes | (2.1) | (0.6) | |||||||||
Other – net | 0.6 | 0.6 | |||||||||
Net decrease in cash from operating assets and liabilities | (47.6) | (10.5) | |||||||||
Increase (decrease) in other liabilities | (7.2) | 1.4 | |||||||||
Net cash flows from (to) operating activities | (4.3) | 17.3 | |||||||||
Net Cash Flows From (To) Investing Activities: | |||||||||||
Capital expenditures | (10.7) | (19.9) | |||||||||
Capitalized software | (0.5) | (0.2) | |||||||||
Purchase of investments | (0.6) | (1.6) | |||||||||
Sales or maturities of investments | 1.2 | 1.5 | |||||||||
Other – net | 0.1 | 0.1 | |||||||||
Net cash flows from (to) investing activities | (10.6) | (20.0) | |||||||||
Net Cash Flows From (To) Financing Activities: | |||||||||||
Payments of debt | (81.5) | (77.8) | |||||||||
Proceeds from debt | 118.6 | 97.1 | |||||||||
Dividends paid | (16.6) | (13.7) | |||||||||
Purchase of HNI Corporation common stock | (2.6) | — | |||||||||
Proceeds from sales of HNI Corporation common stock | 0.6 | 0.6 | |||||||||
Other – net | (5.6) | (4.0) | |||||||||
Net cash flows from (to) financing activities | 12.9 | 2.1 | |||||||||
Net decrease in cash and cash equivalents | (2.0) | (0.6) | |||||||||
Cash and cash equivalents at beginning of period | 28.9 | 17.4 | |||||||||
Cash and cash equivalents at end of period | $ | 27.0 | $ | 16.8 |
Three Months Ended | |||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||
Net Sales: | |||||||||||
Workplace furnishings | $ | 439.8 | $ | 299.6 | |||||||
Residential building products | 148.2 | 179.4 | |||||||||
Total | $ | 588.0 | $ | 479.1 | |||||||
Income (Loss) Before Income Taxes: | |||||||||||
Workplace furnishings | $ | 26.3 | $ | (4.0) | |||||||
Residential building products | 21.4 | 28.1 | |||||||||
General corporate | (18.0) | (17.7) | |||||||||
Operating income | 29.7 | 6.4 | |||||||||
Interest expense, net | 7.6 | 2.7 | |||||||||
Total | $ | 22.0 | $ | 3.8 | |||||||
Depreciation and Amortization Expense: | |||||||||||
Workplace furnishings | $ | 17.8 | $ | 11.2 | |||||||
Residential building products | 3.5 | 3.3 | |||||||||
General corporate | 5.1 | 5.7 | |||||||||
Total | $ | 26.4 | $ | 20.1 | |||||||
Capital Expenditures (including capitalized software): | |||||||||||
Workplace furnishings | $ | 6.2 | $ | 13.9 | |||||||
Residential building products | 2.5 | 5.0 | |||||||||
General corporate | 2.5 | 1.1 | |||||||||
Total | $ | 11.2 | $ | 20.0 | |||||||
As of March 30, 2024 | As of December 30, 2023 | ||||||||||
Identifiable Assets: | |||||||||||
Workplace furnishings | $ | 1,302.9 | $ | 1,311.4 | |||||||
Residential building products | 471.3 | 467.1 | |||||||||
General corporate | 138.3 | 150.3 | |||||||||
Total | $ | 1,912.6 | $ | 1,928.8 |
HNI Corporation Reconciliation | |||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||||||||||||||
Workplace Furnishings | Residential Building Products | Total | Workplace Furnishings | Residential Building Products | Total | ||||||||||||||||||
Sales as reported (GAAP) | $ | 439.8 | $ | 148.2 | $ | 588.0 | $ | 299.6 | $ | 179.4 | $ | 479.1 | |||||||||||
% change from PY | 46.8 | % | (17.4 | %) | 22.7 | % | |||||||||||||||||
Less: Kimball International acquisition | 147.5 | — | 147.5 | — | — | — | |||||||||||||||||
Organic Sales (non-GAAP) | $ | 292.3 | $ | 148.2 | $ | 440.5 | $ | 299.6 | $ | 179.4 | $ | 479.1 | |||||||||||
% change from PY | (2.5 | %) | (17.4 | %) | (8.1 | %) |
HNI Corporation Reconciliation | |||||||||||||||||||||||||||||
(Dollars in millions, except per share data) | |||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||
March 30, 2024 | |||||||||||||||||||||||||||||
Gross Profit | Operating Income | Tax | Net Income | EPS | |||||||||||||||||||||||||
As reported (GAAP) | $ | 232.8 | $ | 29.7 | $ | 4.3 | $ | 17.7 | $ | 0.37 | |||||||||||||||||||
% of net sales | 39.6 | % | 5.0 | % | 3.0 | % | |||||||||||||||||||||||
Tax % | 19.6 | % | |||||||||||||||||||||||||||
Restructuring charges | 0.1 | 0.2 | 0.0 | 0.2 | 0.00 | ||||||||||||||||||||||||
Acquisition costs | — | 0.0 | 0.0 | 0.0 | 0.00 | ||||||||||||||||||||||||
Results (non-GAAP) | $ | 233.0 | $ | 29.9 | $ | 4.4 | $ | 17.9 | $ | 0.37 | |||||||||||||||||||
% of net sales | 39.6 | % | 5.1 | % | 3.0 | % | |||||||||||||||||||||||
Tax % | 19.6 | % |
HNI Corporation Reconciliation | |||||||||||||||||
(Dollars in millions) | |||||||||||||||||
Three Months Ended | |||||||||||||||||
March 30, 2024 | |||||||||||||||||
Legacy HNI | KII | Consolidated HNI | |||||||||||||||
Gross Profit as reported (GAAP) | $ | 175.8 | $ | 57.0 | $ | 232.8 | |||||||||||
% of net sales | 39.9 | % | 38.7 | % | 39.6 | % | |||||||||||
Restructuring charges recorded to cost of sales | 0.1 | — | 0.1 | ||||||||||||||
Gross Profit (non-GAAP) | $ | 175.9 | $ | 57.0 | $ | 233.0 | |||||||||||
% of net sales | 39.9 | % | 38.7 | % | 39.6 | % | |||||||||||
Operating income as reported (GAAP) | $ | 16.1 | $ | 13.6 | $ | 29.7 | |||||||||||
% of net sales | 3.6 | % | 9.2 | % | 5.0 | % | |||||||||||
Restructuring charges | 0.1 | 0.1 | 0.2 | ||||||||||||||
Acquisition costs | 0.0 | 0.0 | 0.0 | ||||||||||||||
Operating income (non-GAAP) | $ | 16.2 | $ | 13.7 | $ | 29.9 | |||||||||||
% of net sales | 3.7 | % | 9.3 | % | 5.1 | % | |||||||||||
HNI Corporation Reconciliation | ||||||||||||||
(Dollars in millions, except per share data) | ||||||||||||||
Three Months Ended | ||||||||||||||
March 30, 2024 | ||||||||||||||
GAAP (as reported): | Legacy HNI | Consolidated HNI | ||||||||||||
Operating income | $ | 16.1 | $ | 29.7 | ||||||||||
Interest expense, net | 1.8 | 7.6 | ||||||||||||
Income taxes (19.6%) | 2.8 | 4.3 | ||||||||||||
Net income | $ | 11.5 | $ | 17.7 | ||||||||||
Average number of common shares outstanding – diluted | 43.3 | (1) | 48.1 | |||||||||||
EPS - Diluted | $ | 0.27 | $ | 0.37 | ||||||||||
Non-GAAP: | ||||||||||||||
Operating income | $ | 16.2 | $ | 29.9 | ||||||||||
Interest expense, net | 1.8 | 7.6 | ||||||||||||
Income taxes (19.6%) | 2.8 | 4.4 | ||||||||||||
Net income | $ | 11.6 | $ | 17.9 | ||||||||||
Average number of common shares outstanding – diluted | 43.3 | (1) | 48.1 | |||||||||||
EPS - Diluted | $ | 0.27 | $ | 0.37 |
HNI Corporation Reconciliation | |||||||||||||||||||||||||||||
(Dollars in millions, except per share data) | |||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||
April 1, 2023 | |||||||||||||||||||||||||||||
Gross Profit | Operating Income | Tax | Net Income | EPS | |||||||||||||||||||||||||
As reported (GAAP) | $ | 174.3 | $ | 6.4 | $ | 2.2 | $ | 1.6 | $ | 0.04 | |||||||||||||||||||
% of net sales | 36.4 | % | 1.3 | % | 0.3 | % | |||||||||||||||||||||||
Tax % | 58.4 | % | |||||||||||||||||||||||||||
Restructuring charges | 0.5 | 0.5 | 0.1 | 0.3 | 0.01 | ||||||||||||||||||||||||
Cost reduction initiative | — | (0.1) | (0.0) | (0.0) | (0.00) | ||||||||||||||||||||||||
Acquisition costs | — | 3.4 | — | 3.4 | 0.08 | ||||||||||||||||||||||||
Results (non-GAAP) | $ | 174.8 | $ | 10.3 | $ | 2.3 | $ | 5.3 | $ | 0.13 | |||||||||||||||||||
% of net sales | 36.5 | % | 2.1 | % | 1.1 | % | |||||||||||||||||||||||
Tax % | 30.5 | % |
Workplace Furnishings Reconciliation | |||||||||||||||||||||||||||||
(Dollars in millions) | |||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||
March 30, 2024 | April 1, 2023 | ||||||||||||||||||||||||||||
Legacy Workplace Furnishings | KII | Total Workplace Furnishings | Total Workplace Furnishings | Total Change | |||||||||||||||||||||||||
Operating income (loss) as reported (GAAP) | $ | 12.7 | $ | 13.6 | $ | 26.3 | $ | (4.0) | 759 | % | |||||||||||||||||||
% of net sales | 4.3 | % | 9.2 | % | 6.0 | % | (1.3 | %) | |||||||||||||||||||||
Restructuring charges | 0.1 | 0.1 | 0.2 | 0.5 | |||||||||||||||||||||||||
Acquisition costs | — | 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||
Cost reduction initiative | — | — | — | (0.1) | |||||||||||||||||||||||||
Operating income (loss) (non-GAAP) | $ | 12.8 | $ | 13.7 | $ | 26.5 | $ | (3.6) | 841 | % | |||||||||||||||||||
% of net sales | 4.4 | % | 9.3 | % | 6.0 | % | (1.2 | %) |
Cover Page |
Apr. 29, 2024 |
---|---|
Cover page. [Abstract] | |
Document Type | 8-K |
Document Period End Date | Apr. 29, 2024 |
Entity File Number | 1-14225 |
Entity Registrant Name | HNI Corporation |
Entity Incorporation, State or Country Code | IA |
Entity Tax Identification Number | 42-0617510 |
Entity Address, Address Line One | 600 East Second Street |
Entity Address, Address Line Two | P. O. Box 1109 |
Entity Address, City or Town | Muscatine |
Entity Address, State or Province | IA |
Entity Address, Postal Zip Code | 52761-0071 |
City Area Code | 563 |
Local Phone Number | 272-7400 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | HNI |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0000048287 |
Amendment Flag | false |
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