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Last $27.61 USD
Change Today -0.0101 / -0.04%
Volume 17.9K
MLHR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 10:04 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

herman miller inc (MLHR) Snapshot

Open
$27.65
Previous Close
$27.90
Day High
$27.90
Day Low
$27.43
52 Week High
06/6/14 - $32.72
52 Week Low
04/1/15 - $27.22
Market Cap
1.6B
Average Volume 10 Days
284.5K
EPS TTM
$1.77
Shares Outstanding
59.7M
EX-Date
02/25/15
P/E TM
15.6x
Dividend
$0.56
Dividend Yield
2.03%
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.

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

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 Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015

Herman Miller reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. Net earnings of $0.35 per share on a diluted basis in the third quarter. This compares to diluted earnings per share of $0.33 in the same quarter last fiscal year. Excluding restructuring expenses recognized in the current period, adjusted diluted earnings per share in the third quarter totaled $0.37, an amount equaling the high end of the company's earnings guidance for the quarter. This compares to adjusted diluted earnings of $0.34 per share in the third quarter of fiscal 2014. Net sales were $516.4 million compared to $455.9 million a year ago. Operating earnings were $37.4 million compared to $34.1 million a year ago. Earnings before income taxes and equity income were $32.0 million compared to $29.3 million a year ago. Net earnings attributable to the company was $21.0 million compared to $19.4 million a year ago. Adjusted EBITDA was $51.7 million compared to $45.5 million a year ago. Adjusted operating earnings were $39.3 million compared to $35.2 million a year ago. For the nine months, net sales were $1,591.5 million compared to $1,394.5 million a year ago. Operating earnings were $126.3 million compared to loss of $51.9 million a year ago. Earnings before income taxes and equity income were $111.5 million compared to loss of $65.5 million a year ago. Net earnings attributable to the company was $74.1 million compared to loss of $38.7 million a year ago. Diluted EPS was $1.23 compared to diluted loss per share of $0.66 a year ago. Cash flows provided by operating activities was $109.8 million compared to $50.4 million a year ago. Adjusted EBITDA was $175.7 million compared to $151 million a year ago. Adjusted operating earnings were $138.2 million compared to $119 million a year ago. Adjusted earnings per diluted share were $1.35 compared to $1.18 a year ago. The company expects net sales in the fourth quarter of fiscal 2015 to be in the range of $530 million to $560 million. Diluted earnings per share in the quarter are expected to range between $0.39 and $0.43. Effective tax rate will be approximately 34%. Gross margin will be 36.5% to 37.5%.

Herman Miller Inc. Provides Revenue Guidance for the Third Quarter, Fourth Quarter and Full Year of Fiscal 2015

Herman Miller Inc. provided revenue guidance for the third quarter, fourth quarter and full year of fiscal 2015. For the third quarter of fiscal 2015, the company expects to report net sales between $513 million and $518 million. This estimated range, which is subject to final closing adjustments, represents an increase of 12.5% to 13.6% from the same quarter last fiscal year. For the fourth quarter of fiscal 2015, based on third quarter 2015 order trends, the company now expects net sales for the fourth quarter of fiscal 2015 to be in the range of $530 million to $560 million. For the full year of fiscal 2015, based on third quarter 2015 order trends, the company now expects net sales for the full year to be in the range of $2.118 billion to $2.153 billion.

Herman Miller Inc. to Report Q3, 2015 Results on Mar 18, 2015

Herman Miller Inc. announced that they will report Q3, 2015 results on Mar 18, 2015

 

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Industry Analysis

MLHR

Industry Average

Valuation MLHR Industry Range
Price/Earnings 18.4x
Price/Sales 0.8x
Price/Book 3.9x
Price/Cash Flow 18.4x
TEV/Sales 0.6x
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