Herman Miller: Fiscal 1Q Earnings Snapshot

September 19, 2018

ZEELAND, Mich. (AP) _ Herman Miller Inc. (MLHR) on Wednesday reported fiscal first-quarter earnings of $35.8 million.

On a per-share basis, the Zeeland, Michigan-based company said it had profit of 60 cents. Earnings, adjusted for restructuring costs, came to 69 cents per share.

The furniture maker posted revenue of $624.6 million in the period.

For the current quarter ending in December, Herman Miller expects its per-share earnings to range from 70 cents to 74 cents.

The company said it expects revenue in the range of $635 million to $655 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $639.9 million.

Herman Miller shares have fallen roughly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.30, a rise of nearly 7 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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