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Herman Miller: Fiscal 4Q Earnings Snapshot

June 26, 2019

ZEELAND, Mich. (AP) _ Herman Miller Inc. (MLHR) on Wednesday reported fiscal fourth-quarter net income of $46.2 million.

On a per-share basis, the Zeeland, Michigan-based company said it had net income of 78 cents. Earnings, adjusted for non-recurring costs, were 88 cents per share.

The furniture maker posted revenue of $671 million in the period.

For the year, the company reported profit of $160.5 million, or $2.70 per share. Revenue was reported as $2.57 billion.

For the current quarter ending in September, Herman Miller said it expects revenue in the range of $650 million to $670 million. Analysts surveyed by Zacks had expected revenue of $657.9 million.

Herman Miller shares have climbed 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.83, a rise of 8% in the last 12 months.

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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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