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Last $28.48 USD
Change Today -0.63 / -2.16%
Volume 261.4K
MLHR On Other Exchanges
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

855 East Main Avenue

PO Box 302

Zeeland, MI 49464

United States

Phone: 616-654-3000


Herman Miller, Inc. researches, designs, manufactures, and distributes interior furnishings for use in various environments, including office, healthcare, educational, and residential settings. The company also provides related services that support organizations and individuals worldwide. Products The company offers office furniture systems, seating products, other freestanding furniture elements, textiles, and related services. Its modular systems include Canvas Office Landscape, Locale, Metaform Portfolio, Public Office Landscape, Action Office, Ethospace, Resolve, and My Studio Environments. The company also offers a range of seating, including Embody, Aeron, Mirra, Mirra2, Setu, Sayl, Celle, Equa, and Ergon office chairs; storage, including Meridian and Tu products; wooden casegoods, including Geiger products; freestanding furniture products, including Abak, Intent, Sense, and Envelop; healthcare products, including Compass, Nala, and other Nemschoff products; the Thrive portfolio of ergonomic solutions; and the acquired textiles of Maharam Fabric Corporation. The company's furniture systems, seating, freestanding furniture, storage, casegood and textile products, and related services are used in institutional environments, including offices and related conference, lobby, and lounge areas, as well as general public areas, such as transportation terminals; health/science environments, including hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. Customers and Distribution The company’s major customer includes the U.S. federal government. Its products are sold primarily through independent contract office furniture dealers, as well as various channels, such as owned contract office furniture dealers, direct customer sales, independent retailers, and the company's online store. The company also sells directly to end-users, including federal, state, and local governments; and various major corporations. International Operations The company's sales in international markets are made primarily to office/institutional customers. Foreign sales consist primarily of office furniture products, such as Abak, Aeron, Mirra, Celle, Sayl, Layout Studio, and other seating and storage products (including Sun Hing POSH Holdings Limited products). The company conducts business in various major international markets, such as Europe, Canada, the Middle East, Latin America, South America, and the Asia/Pacific region. In certain foreign markets, the company's products are offered through licensing of foreign manufacturers on a royalty basis. The company's products sold in international markets are manufactured by wholly owned subsidiaries in the United States, the United Kingdom, and China. Sales are made through wholly owned subsidiaries or branches in Canada, France, Germany, Italy, Japan, Mexico, Australia, Singapore, China, India, and the Netherlands. The company's products are offered in the Middle East, South America, and Asia through dealers. Patents and Trademarks The company has 108 active United States utility patents on various components used in its products and 49 active United States design patents. Various trademarks, including the name and stylized ‘Herman Miller’ and the ‘Herman Miller Circled Symbolic M’ trademark are registered in the United States and various foreign countries. Research, Design and Development Exclusive of royalty payments, the company spent approximately $53.9 million on research and development activities in the year ended May 31, 2014. Competition In the United States, the company's major competitors are Haworth, HNI Corporation, Kimball International, Knoll, and Steelcase. History Herman Miller, Inc. was founded in 1905. The company was incorporated in Michigan in 1905.


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Valuation MLHR Industry Range
Price/Earnings 17.6x
Price/Sales 0.8x
Price/Book 4.0x
Price/Cash Flow 17.4x
TEV/Sales 0.6x

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