Last $29.72 USD
Change Today +0.08 / 0.27%
Volume 174.1K
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

herman miller inc (MLHR) Key Developments

Herman Miller Inc. - Analyst/Investor Day

To discuss the company's strategy, including the acquisition of DWR and a summary of the company's updated three-year financial goals

Herman Miller Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2014; Provides Earnings Guidance for the First Quarter of Fiscal 2015

Herman Miller Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2014. For the quarter, the company's net sales were $487.5 million against $460.0 million a year ago. Operating earnings were $26.2 million against $35.7 million a year ago. Earnings before income taxes and equity income were $22.1 million against $31.0 million a year ago. Net earnings were $16.6 million or $0.28 basic and diluted per share against $23.4 million or $0.40 basic and diluted per share a year ago. Adjusted earnings were $0.50 diluted per share against $0.43 diluted per share a year ago. Adjusted operating earnings were $45.0 million against $39.4 million a year ago. The company's adjusted diluted earnings per share in the quarter was favorably impacted by approximately $0.03 due to a lower than forecast effective tax rate. Cash flow generated from operations in the fourth quarter was $39.7 million compares to $59.2 million a year ago. Capital expenditures in the quarter were $9 million For the year, the company's net sales were $1,882.0 million against $1,774.9 million a year ago. Operating loss was $25.7 million against earnings of $114.9 million a year ago. Loss before income taxes and equity income was $43.4 million against earnings of $97.2 million a year ago. Net loss was $22.1 million or $0.37 basic and diluted per share against earnings of $68.2 million or $1.16 diluted per share a year ago. Cash flows provided by operating activities were $90.1 million against $136.5 million a year ago. Adjusted earnings were $1.68 diluted per share against $1.47 diluted per share a year ago. Adjusted operating earnings were $164.0 million against $144.3 million a year ago. Capital expenditures were $41 million. The company expects net sales in the first quarter of fiscal 2015 to be in the range of $480 million to $500 million. The gross margin is expected between 36.5% and 37%. Diluted earnings per share in the quarter are expected to range between $0.44 and $0.48. The tax rate is expected between 33% and 35%. The company expects its consolidated gross margin to range between 36.5% and 37%, and finally, operating expenses in the first quarter expected to be between $132 million and $135 million.

Herman Miller Inc. to Report Q4, 2014 Results on Jun 25, 2014

Herman Miller Inc. announced that they will report Q4, 2014 results After-Market on Jun 25, 2014

Herman Miller Inc., Q4 2014 Earnings Call, Jun 26, 2014

Herman Miller Inc., Q4 2014 Earnings Call, Jun 26, 2014

Herman Miller Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 1, 2014; Provides Earnings Guidance for the Fourth Quarter 2014

Herman Miller Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 1, 2014. For the quarter, the company's net sales were $455.9 million against $423.5 million a year ago. Operating earnings were $34.1 million against $27.4 million a year ago. Earnings before income taxes and equity income were $29.3 million against $23.3 million a year ago. Net earnings were $19.4 million or $0.33 basic and diluted per share against $16.5 million or $0.28 basic and diluted per share a year ago. Cash flow generated from operations in the third quarter was $22.9 million compared to $30.0 million in the same quarter last fiscal year. Adjusted earnings were $0.34 diluted per share against $0.32 diluted per share a year ago. For the nine months, the company's net sales were $1,394.5 million against $1,315.0 million a year ago. Operating loss was $51.9 million against earnings of $79.2 million a year ago. Loss before income taxes and equity income was $65.5 million against earnings of $66.2 million a year ago. Net loss was $38.7 million or $0.66 basic and diluted per share against earnings of $44.8 million or $0.76 basic and diluted per share a year ago. Cash flows provided by operating activities was $50.4 million against $77.3 million a year ago. Adjusted earnings were $1.18 diluted per share against $1.03 diluted per share a year ago. The company expects net sales in the fourth quarter of fiscal 2014 to be in the range of $485 million to $505 million. This would represent an increase of between 5.4% and 9.8% from the fourth quarter of fiscal 2013. Diluted earnings per share in the quarter are expected to range between $0.43 and $0.47.

 

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