Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $27.83 USD
Change Today +0.11 / 0.40%
Volume 274.1K
MLHR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:00 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

herman miller inc (MLHR) Snapshot

Open
$27.90
Previous Close
$27.72
Day High
$28.01
Day Low
$27.41
52 Week High
11/11/14 - $32.35
52 Week Low
05/27/15 - $26.74
Market Cap
1.7B
Average Volume 10 Days
289.5K
EPS TTM
$1.71
Shares Outstanding
59.7M
EX-Date
--
P/E TM
16.2x
Dividend
$0.59
Dividend Yield
2.01%
Current Stock Chart for HERMAN MILLER INC (MLHR)

herman miller inc (MLHR) 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.

herman miller inc (MLHR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $834.6K
Executive Vice President and President of Her...
Total Annual Compensation: $394.4K
Executive Vice President and President of Her...
Total Annual Compensation: $392.3K
Chief Operating Officer of Herman Miller Nort...
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 (MLHR) Key Developments

Herman Miller Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended May 31, 2015; Provides Earnings Guidance for the First Quarter of Fiscal Year 2016

Herman Miller Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended May 31, 2015. For the quarter, the company reported net sales of $550.7 million, an increase of 13.0% from $847.5 million reported in the same quarter last fiscal year. The company reported diluted earnings per share of $0.39 in the fourth quarter. This compares to diluted earnings per share of $0.28 in the same quarter last fiscal year. Excluding the impact of an asset impairment charge and a one-time tax benefit, adjusted diluted earnings per share in the fourth quarter totaled $0.47. In the fourth quarter of last fiscal year, the company reported adjusted diluted earnings per share of $0.50. The company reported operating earnings of $37.1 million compared to $26.2 million, earnings before income taxes and equity income of $33.7 million compared to $22.1 million, net earnings attributable to the company of $23.4 million compare dot $16.6 million and adjusted EBITDA of $59.5 million compared to $55.3 million for the last year. Adjusted earnings per share driven by continued gross margin improvements. For the full fiscal year, net sales were $2,142.2 million, reflecting a year-over-year increase of 13.8% (5.5% organic) from $1,882.0 million reported in last year. Earnings per diluted share totaled $1.62 compared to a loss per diluted of $0.37 last year. On an adjusted basis, earnings per share totaled $1.82 in fiscal 2015. This represents an increase of 8.3% over adjusted earnings per share of $1.68 in fiscal 2014. The company reported operating earnings of $163.4 million compared to operating loss of $25.7 million, earnings before income taxes and equity income of $145.2 million compared to loss before income taxes and equity income of $43.4 million, net earnings attributable to the company of $97.5 million compared to net loss attributable to the company of $22.1 million and adjusted EBITDA of $235.2 million compared to $206.3 million for the last year. The company provided earnings guidance for the first quarter of fiscal year 2016. The company expects net sales in the first quarter of fiscal 2016 to be in the range of $545 million to $565 million. This would represent an increase of between 7% and 11% from the first quarter of fiscal 2015. Diluted earnings per share in the quarter are expected to range between $0.44 and $0.48. The consolidated gross margin in first quarter of 2016 is expected to be relatively consistent with the fourth quarter level, ranging between 37.5% and 38.5%. This also assumes an effective tax rate of between 32% and 34%.

Herman Miller Inc. Announces Quarterly Cash Dividend, Payable on October 15, 2015

Herman Miller Inc. announced an increase in its quarterly cash dividend to $0.1475 per share. This change represents an increase of over 5% from the current dividend payout of $0.14 per share. This payment will be made on October 15, 2015 to shareholders of record at the close of business on August 29, 2015.

Herman Miller Inc. to Report Q4, 2015 Results on Jun 24, 2015

Herman Miller Inc. announced that they will report Q4, 2015 results After-Market on Jun 24, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MLHR:US $27.83 USD +0.11

MLHR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
ACCO Brands Corp $7.19 USD +0.06
HNI Corp $48.82 USD +0.52
Interface Inc $24.00 USD +0.46
Okamura Corp ¥1,115 JPY +22.00
Steelcase Inc $17.37 USD -0.02
View Industry Companies
 

Industry Analysis

MLHR

Industry Average

Valuation MLHR Industry Range
Price/Earnings 17.2x
Price/Sales 0.8x
Price/Book 3.9x
Price/Cash Flow 17.1x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERMAN MILLER INC, please visit www.hermanmiller.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.