(RTTNews) - Office furniture manufacturer HNI Corp. (HNI) on Wednesday reported first-quarter net income of $15 million or $0.34 per share, compared to a net loss of $23.9 million or $0.56 per share in the year-ago quarter. On average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share in the quarter. Looking ahead, despite inflationary pressures, investments, and the return of temporary cost actions taken in the prior year, the company expects the benefit of higher volume and net productivity to generate modest year-over-year profit growth, on an adjusted basis.