Last €24.12 EUR
Change Today -0.175 / -0.72%
Volume 0.0
MHR On Other Exchanges
Symbol
Exchange
Munich
As of 2:54 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

herman miller inc (MHR) Snapshot

Open
€23.42
Previous Close
€24.30
Day High
€24.31
Day Low
€23.42
52 Week High
11/11/14 - €25.83
52 Week Low
02/5/14 - €19.44
Market Cap
1.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
59.5M
EX-Date
11/25/14
P/E TM
--
Dividend
€0.55
Dividend Yield
1.76%
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 was $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. 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 was $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. 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.

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

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

Herman Miller, Inc. Announces New Tool to Obtain Sustainability Information

Herman Miller Inc. announced a new tool to help interior designers, their customers, and related professionals obtain sustainability information on select products. The information, contained in what is known as an Environmental Product Declaration, or EPD, has been verified by an independent third-party organization. It is designed to help in making purchase decisions and supporting applications for sustainability certifications, such as Leadership in Energy and Environmental Design, or LEED. Transparency in sharing environmental information is the foundation of the EPDs. They meet the requirements of the BIFMA PCR (Product Category Rule), which will take effect in 2015. The rule seeks to give quantified environmental information through a globally recognized system approach. An EPD is a verified Environmental Product Declaration, which reports environmental data of products based on a life cycle assessment (LCA) and in accordance with the international ISO 14025 (Type III Environmental Declarations.) Customers are increasingly asking for quantified environmental information that takes a globally recognized approach. The overall goal of the document is to provide relevant, verified environmental information. At the same time, EPDs can reflect the continuous environmental improvement of products and services over time and are able to communicate relevant environmental information along a product's supply chain. EPDs can help people make better decisions by understanding where any environmental hot spots may exist in a product. In addition, Environmental Product Declarations can contribute to new Material and Resource credits in LEED V4.

 

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Industry Analysis

MHR

Industry Average

Valuation MHR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 4.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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