Herman Miller: Fiscal 2Q Earnings Snapshot

December 19, 2018

ZEELAND, Mich. (AP) _ Herman Miller Inc. (MLHR) on Wednesday reported fiscal second-quarter net income of $39.3 million.

The Zeeland, Michigan-based company said it had profit of 66 cents per share. Earnings, adjusted for non-recurring costs, came to 75 cents per share.

The furniture maker posted revenue of $652.6 million in the period.

For the current quarter ending in March, Herman Miller expects its per-share earnings to range from 59 cents to 63 cents.

The company said it expects revenue in the range of $615 million to $630 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $602.6 million.

Herman Miller shares have decreased 24 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.36, a drop of 15 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLHR at https://www.zacks.com/ap/MLHR

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