Last €25.29 EUR
Change Today +0.419 / 1.68%
Volume 0.0
As of 1:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

herman miller inc (MHR) Snapshot

Open
€25.02
Previous Close
€24.87
Day High
€25.29
Day Low
€25.02
52 Week High
11/11/14 - €25.83
52 Week Low
02/5/14 - €19.44
Market Cap
1.5B
Average Volume 10 Days
50.0
EPS TTM
--
Shares Outstanding
59.6M
EX-Date
11/25/14
P/E TM
--
Dividend
€0.51
Dividend Yield
1.68%
Current Stock Chart for HERMAN MILLER INC (MHR)

herman miller inc (MHR) Details

Herman Miller, Inc. is engaged in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, and related services in the United States and internationally. It provides modular systems under the Canvas Office Landscape, Locale, Metaform Portfolio, Public Office Landscape, Action Office, Ethospace, Resolve, and My Studio Environments; seating products under the Embody, Aeron, Mirra, Mirra2, Setu, Sayl, Celle, Equa, and Ergon; and storage products under the Meridian and Tu names. The company also offers wooden casegoods under the Geiger; freestanding furniture products under the Abak, Intent, Sense, and Envelop; and healthcare products under the Compass, Nala, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions. In addition, it offers interior textiles for commercial, healthcare, and residential interiors. The company markets its products for office, healthcare, educational, and residential settings through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through Internet. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.

6,630 Employees
Last Reported Date: 07/29/14
Founded in 1905

herman miller inc (MHR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $834.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $392.3K
Executive Vice President and President of Her...
Total Annual Compensation: $394.4K
Executive Vice President and President of Her...
Total Annual Compensation: $392.3K
Executive Vice President of Research, Design ...
Total Annual Compensation: $298.0K
Compensation as of Fiscal Year 2014.

herman miller inc (MHR) Key Developments

Herman Miller Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 29, 2014; Provides Earnings Guidance for the Third Quarter and Full Year Fiscal 2014

Herman Miller Inc. reported unaudited consolidated earnings results for the second quarter and six months ended November 29, 2014. For the quarter, the company’s net sales were $565.4 million against $470.5 million a year ago. Operating profit was $8.3 million against operating loss of $26.6 million a year ago. Adjusted operating earnings were $9.1 million compared to $8.5 million a year ago. Adjusted EBITDA was $64.8 million compared to $50.8 million a year ago. Net earnings attributable to the company was $27.8 million or $0.46 per diluted share compared to net loss attributable to the company of $80.6 million or $1.37 per diluted share a year ago. Adjusted earnings per diluted share were $0.51 compared to $0.42 a year ago. Effective income tax rate in the second quarter was 33.8% compared to 37.6% in the same quarter last fiscal year. Cash flow generated from operations in the second quarter was $38.7 million compared to a net cash outflow from operations of $10.7 million in the same quarter last fiscal year. Capital expenditures in the quarter were $18 million. For the six months, the company’s net sales were $1,075.1 million against $938.6 million a year ago. Operating profit was $8.3 million against operating loss of $9.2 million a year ago. Adjusted operating earnings were $9.2 million compared to $8.9 million a year ago. Adjusted EBITDA was $124.0 million compared to $105.4 million a year ago. Net earnings attributable to the company was $53.0 million or $0.88 per diluted share compared to net loss attributable to the company of $58.1 million or $0.99 per diluted share a year ago. Adjusted earnings per diluted share were $0.98 compared to $0.84 a year ago. Through the first six months of fiscal 2015 operating cash flows were $80.7 million compared to $27.5 million during the same period of the prior year. The company expects net sales in the third quarter of fiscal 2015 to be in the range of $510 million to $530 million. Diluted earnings per share in the quarter are expected to range between $0.33 and $0.37. This guidance assumes an effective tax rate between 33% and 35%. Gross margin is expected to range between 36% and 37% for the third quarter. On a full year basis, the company expects net sales for fiscal 2015 to be in the range of $2.145 billion to $2.185 billion. Diluted earnings per share for the full fiscal year are expected to range between $1.71 and $1.79. On an adjusted basis, full year diluted earnings per share are expected to range between $1.80. Capital spending of between $65 million and $70 million. Adjusted earnings per share are expected to be between $1.80 and $1.88 per share on the full year, which would reflect growth of approximately 10% over fiscal 2014 at the midpoint of this range.

Herman Miller Inc. to Report Q2, 2015 Results on Dec 17, 2014

Herman Miller Inc. announced that they will report Q2, 2015 results After-Market on Dec 17, 2014

Herman Miller Inc., Q2 2015 Earnings Call, Dec 18, 2014

Herman Miller Inc., Q2 2015 Earnings Call, Dec 18, 2014

 

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Industry Analysis

MHR

Industry Average

Valuation MHR Industry Range
Price/Earnings 19.1x
Price/Sales 0.8x
Price/Book 4.1x
Price/Cash Flow 19.1x
TEV/Sales 0.6x
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