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Herman Miller

OverviewSuggest Edit

Herman Miller is a global provider of interior furnishings and technology solutions for organizations and individuals. The company engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services. It also offers modular systems, storage products, ergonomic solutions, data-enabled solutions, and a range of residential, education, and healthcare furniture solutions. Herman Miller sells products through multiple distribution channels, including contract furniture dealers, direct contract sales, retail studios, as well as its online stores and global e-commerce platforms.

TypePublic
Founded1905
HQZeeland, USMap
Websitehermanmiller.com
Employee Ratings3.6More
View Jobs (19)

Recent NewsAll News

Latest Updates

Employees (est.) (Jun 2019)8,000(+5%)
Job Openings19
Revenue (FY, 2019)$2.6 B(+8%)
Share Price (Jul 2020)$21
Cybersecurity ratingBMore

Key People/Management at Herman Miller

Mary Vermeer Andringa

Mary Vermeer Andringa

Director
Jeffrey Stutz

Jeffrey Stutz

Executive Vice President and Chief Financial Officer
Jeremy Hocking

Jeremy Hocking

President Herman Miller International
Ben Watson

Ben Watson

Chief Creative Officer
Jeffrey Kurburski

Jeffrey Kurburski

Chief Technology Officer
Benjamin Groom

Benjamin Groom

Chief Digital Officer
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Herman Miller Office Locations

Herman Miller has offices in Zeeland, New York, Alexandria, São Paulo and in 10 other locations
Zeeland, US (HQ)
855 E Main Ave
New York, US
251 Park Ave S
Alexandria, AU
2/90-96 Bourke Rd
São Paulo, BR
R. João Lourenço, 35
Shanghai, CN
Unit 2201, Block 2, 550 Jumen Rd, Huangpu Qu
Paris, FR
31 Rue Saint-Augustin
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Herman Miller Financials and Metrics

Herman Miller Revenue

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Herman Miller's revenue was reported to be $2.57 b in FY, 2019 which is a 7.8% increase from the previous period.
USD

Revenue (Q3, 2020)

665.7m

Gross profit (Q3, 2020)

243.3m

Gross profit margin (Q3, 2020), %

36.5%

Net income (Q3, 2020)

37.3m

EBIT (Q3, 2020)

50.4m

Market capitalization (9-Jul-2020)

1.2b

Closing stock price (9-Jul-2020)

21.0

Cash (29-Feb-2020)

110.6m

EV

1.6b
Herman Miller's current market capitalization is $1.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.3b2.4b2.6b

Revenue growth, %

1%5%8%

Cost of goods sold

1.4b1.5b1.6b

Gross profit

864.2m873.0m929.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

598.6m577.5m524.9m580.3m604.6m578.4m624.6m652.6m619.0m670.9m674.2m665.7m

Cost of goods sold

368.6m359.5m329.4m363.4m382.5m372.6m399.5m417.0m398.0m424.8m418.7m422.4m

Gross profit

230.0m218.0m195.5m216.9m222.1m205.8m225.1m235.6m221.0m246.1m255.5m243.3m

Gross profit Margin, %

38%38%37%37%37%36%36%36%36%37%38%37%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

96.2m203.9m159.2m

Accounts Receivable

186.6m219.3m218.0m

Inventories

152.4m162.4m184.2m

Current Assets

491.9m645.4m661.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

65.1m71.9m78.4m80.0m114.6m193.0m101.7m113.6m113.5m159.5m177.0m110.6m

Accounts Receivable

183.6m195.2m174.8m191.2m189.8m191.6m205.4m223.0m221.0m218.3m208.9m221.7m

Prepaid Expenses

37.7m43.7m

Inventories

146.2m150.3m155.7m166.9m172.2m169.4m163.8m178.5m191.9m181.2m184.4m200.5m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

124.1m128.7m160.5m

Depreciation and Amortization

58.9m66.9m72.1m

Inventories

(29.9m)(12.4m)(31.9m)

Accounts Payable

(11.2m)16.0m500.0k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

36.5m68.1m90.6m33.1m66.5m96.5m35.9m75.2m114.6m48.0m126.6m163.9m

Depreciation and Amortization

13.9m28.3m43.0m15.5m31.8m49.4m19.0m37.6m55.3m19.3m37.9m59.7m

Cash From Operating Activities

30.2m94.4m122.1m18.9m81.5m110.7m32.9m91.5m130.6m54.7m142.4m191.8m

Capital Expenditures

(22.1m)(46.7m)(70.5m)(24.9m)(39.8m)(51.0m)(22.0m)(41.1m)(63.0m)(20.6m)(38.6m)(56.5m)
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USDQ1, 2017

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x
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Herman Miller Operating Metrics

Herman Miller's Backlog was reported to be $411.2m in Q3, 2020.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Backlog

$322.20 m$320.10 m$341.10 m$313.30 m$323.50 m$320.50 m$318.90 m$331.60 m$322.60 m$332.10 m$356.90 m$341.70 m$344.50 m$346.40 m$396.10 m$387.80 m$394.20 m$399.90 m$400.60 m$411.20 m

Order Volume

$595.60 m$575.90 m$543.20 m$568.10 m$2.28 b$594.80 m$629.40 m$563.20 m$620.80 m$2.41 b$630.60 m$702.60 m$610.70 m$664.50 m$2.61 b$676.70 m$674.90 m$651.70 m

Studios

30 30 31 31 31 32 32 32 32 32 33 33 33 36 36 35 35 35

Order Volume (North America)

$347.70 m$322.10 m$318.30 m$311.60 m$1.29 b$334.80 m$341.10 m$294.70 m$323.50 m$1.29 b$345 m$370.60 m$314.20 m$440.50 m$1.71 b$468.20 m$435.30 m$405.90 m
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Herman Miller Acquisitions / Subsidiaries

Company NameDateDeal Size
Maars Living WallsJune 06, 2018
Design Within ReachJuly 17, 2014$154 m
Maharam Fabric CorporationApril 24, 2013$156 m
POSH Office SystemsApril 03, 2012$50 m
NemschoffJanuary 31, 2011$63 m
Colebrook Bosson SaundersMarch 30, 2010
Brandrud Furniture
Colebrook Bosson & Saunders Products Limited
Geiger International
Hemiri
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Herman Miller Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

Learn more about about our premium products
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Herman Miller Revenue Breakdown

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Herman Miller revenue breakdown by business segment: 15.1% from Retail, 19.2% from International Contract and 65.7% from North America Contract

Herman Miller revenue breakdown by geographic segment: 27.3% from International and 72.7% from United States

Human Capital Metrics

Source: www.hermanmiller.com
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Herman Miller Online and Social Media Presence

Herman Miller's Trends

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Herman Miller News and Updates

June 25, 2020

Is your home office wrecking your body? This Herman Miller quiz will help you fix it

If you can reach out and touch your computer screen, there’s room for improvement. As I lie nearly horizontal on a West Elm Peggy couch that 1. has become a millennial cliche for bad design, and 2. is too short for my body, I can’t help but wonder how much working from home is messing up my back.Rea…
March 28, 2020

Herman Miller Update On Managing The Business Through The Coronavirus (COVID-19) Pandemic

ZEELAND, Mich., March 28, 2020 /PRNewswire/ -- Herman Miller, Inc. (NASDAQ: MLHR) is providing an update on how the COVID-19 pandemic has affected its business and operations, and how the company has been developing proactive strategies to manage through this challenging time. "Herman...
February 27, 2020

Herman Miller & Logitech G Join Forces to Create High-Performance Furniture Solutions for Gamers

Logitech G’s Design and Engineering Expertise in the Science of Play, Combined with Herman Miller’s 100 Years Perfecting the Science of Sitting Will Bring Advanced Solutions for Gamers.read more
December 18, 2019

Stocks making the biggest moves after hours: Micron, Herman Miller, PG&E and more

See which stocks are posting big moves after the bell.
September 30, 2019

School Furniture 2019 Global Market Key Players -HNI Corporation, KI, Hertz Furniture, Herman Miller, FLEETWOOD GROUP-Analysis And Forecast To 2026

Wiseguyreports.Com Adds “School Furniture – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2026” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday
July 03, 2019

The Future of the Global School Furniture Market to 2024 - Key Players are Herman Miller, HNI Corporation, Steelcase, Knoll, and Smith System

DUBLIN, July 3, 2019 /PRNewswire/ -- The "School Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. According to the report, the global school furniture market reached a value of...
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 Herman Miller Frequently Asked Questions

  • When was Herman Miller founded?

    Herman Miller was founded in 1905.

  • Who are Herman Miller key executives?

    Herman Miller's key executives are Mary Vermeer Andringa, Jeffrey Stutz and Jeremy Hocking.

  • How many employees does Herman Miller have?

    Herman Miller has 8,000 employees.

  • What is Herman Miller revenue?

    Latest Herman Miller annual revenue is $2.6 b.

  • What is Herman Miller revenue per employee?

    Latest Herman Miller revenue per employee is $320.9 k.

  • Who are Herman Miller competitors?

    Competitors of Herman Miller include HNI Corporation, Knoll and Steelcase.

  • Where is Herman Miller headquarters?

    Herman Miller headquarters is located at 855 E Main Ave, Zeeland.

  • Where are Herman Miller offices?

    Herman Miller has offices in Zeeland, New York, Alexandria, São Paulo and in 10 other locations.

  • How many offices does Herman Miller have?

    Herman Miller has 15 offices.