Last $30.61 USD
Change Today -0.26 / -0.84%
Volume 230.4K
MLHR On Other Exchanges
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Munich
As of 8:10 PM 04/23/14 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

Fax:

Herman Miller, Inc. researches, designs, manufactures, and distributes interior furnishings for use in various environments; and provides related services that support organizations and individuals worldwide. Products The company offers office furniture systems, seating products, textiles, and related services. Its modular systems include Action Office, Canvas Office Landscape, Ethospace, Resolve, and My Studio Environments. The company also offers an array of seating products, including Embody, Aeron, Mirra, Setu, Sayl, Celle, Equa, and Ergon office chairs; storage products, including Meridian and Tu products; and wooden casegoods, such as Geiger products. In addition, it offers freestanding furniture products, including Abak, Intent, Sense, and Envelop; healthcare products, such as Compass, Nala, and other Nemschoff products; the Thrive portfolio of ergonomic solutions; and 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, and general public areas including transportation terminals; health/science environments, including hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. Sales The company's products are sold primarily through independent contract office furniture dealers, as well as through channels, such as owned contract office furniture dealers, direct customer sales, independent retailers, and the company's online store. The company sells directly to end-users, including federal, state, and local governments; and various major corporations. The company’s major customer includes the U.S. federal government. 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 Ethospace, Abak, Aeron, Mirra, Celle, Sayl, and other seating and storage products (including Sun Hing POSH Holdings Limited products). The company conducts business in 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, Trademarks, and Licenses The company has 137 active United States utility patents on various components used in its products and 33 active United States design patents. Research, Design, and Development Exclusive of royalty payments, the company spent approximately $48.3 million in the year ended June 1, 2013. 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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MLHR Competitors

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Company Last Change
ACCO Brands Corp $6.31 USD -0.02
Hill-Rom Holdings Inc $37.24 USD -0.06
HNI Corp $35.97 USD +0.07
Kimball International Inc $18.08 USD -0.06
Steelcase Inc $16.94 USD -0.07
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MLHR

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Valuation MLHR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 5.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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