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.
Type | Public | |
Founded | 1905 | |
HQ | Zeeland, MI, US | Map |
Website | hermanmiller.com | |
Employee Ratings | More | |
Overall Culture | B | More |
USD | |
---|---|
Revenue (Q2, 2021) | 626.3m |
Gross profit (Q2, 2021) | 244.2m |
Gross profit margin (Q2, 2021), % | 39% |
Net income (Q2, 2021) | 52.8m |
Market capitalization (19-Jan-2021) | 2.1b |
Closing stock price (19-Jan-2021) | 35.7 |
Cash (28-Nov-2020) | 377.9m |
EV | 2.3b |
USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 598.6m | 577.5m | 524.9m | 580.3m | 604.6m | 578.4m | 624.6m | 652.6m | 619.0m | 670.9m | 674.2m | 665.7m | 626.8m | 626.3m |
Cost of goods sold | 368.6m | 359.5m | 329.4m | 363.4m | 382.5m | 372.6m | 399.5m | 417.0m | 398.0m | 424.8m | 418.7m | 422.4m | 376.8m | 382.1m |
Gross profit | 230.0m | 218.0m | 195.5m | 216.9m | 222.1m | 205.8m | 225.1m | 235.6m | 221.0m | 246.1m | 255.5m | 243.3m | 250.0m | 244.2m |
Gross profit Margin, % | 38% | 38% | 37% | 37% | 37% | 36% | 36% | 36% | 36% | 37% | 38% | 37% | 40% | 39% |
USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 65.1m | 71.9m | 78.4m | 80.0m | 114.6m | 193.0m | 101.7m | 113.6m | 113.5m | 159.5m | 177.0m | 110.6m | 296.6m | 377.9m |
Accounts Receivable | 183.6m | 195.2m | 174.8m | 191.2m | 189.8m | 191.6m | 205.4m | 223.0m | 221.0m | 218.3m | 208.9m | 221.7m | 195.3m | |
Prepaid Expenses | 37.7m | 43.7m | 29.1m | 26.8m | ||||||||||
Inventories | 146.2m | 150.3m | 155.7m | 166.9m | 172.2m | 169.4m | 163.8m | 178.5m | 191.9m | 181.2m | 184.4m | 200.5m | 186.5m |
USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 36.5m | 68.1m | 90.6m | 33.1m | 66.5m | 96.5m | 35.9m | 75.2m | 114.6m | 48.0m | 126.6m | 163.9m | 73.4m | 126.2m |
Depreciation and Amortization | 13.9m | 28.3m | 43.0m | 15.5m | 31.8m | 49.4m | 19.0m | 37.6m | 55.3m | 19.3m | 37.9m | 59.7m | 21.2m | 43.3m |
Cash From Operating Activities | 30.2m | 94.4m | 122.1m | 18.9m | 81.5m | 110.7m | 32.9m | 91.5m | 130.6m | 54.7m | 142.4m | 191.8m | 115.9m | 214.6m |
Purchases of PP&E | (11.3m) | (24.4m) |
USD | Q1, 2017 |
---|---|
Debt/Equity | 0.4 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.3 x |
FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 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 |
Company Name | Date | Deal Size |
---|---|---|
Maars Living Walls | June 06, 2018 | |
Design Within Reach | July 17, 2014 | $154 m |
Maharam Fabric Corporation | April 24, 2013 | $156 m |
POSH Office Systems | April 03, 2012 | $50 m |
Nemschoff | January 31, 2011 | $63 m |
Colebrook Bosson Saunders | March 30, 2010 | |
Brandrud Furniture | ||
Colebrook Bosson & Saunders Products Limited | ||
Geiger International | ||
Hemiri |
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
Herman Miller has 553.87k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.5% quarter over quarter
16.5k
Tweets
989
Following
553.9k
Followers
269
Tweets last 30 days
4.3
Avg. likes per Tweet
63.2%
Tweets with engagement
B
71/100
A-
75/100
B-
69/100
A-
78/100
When was Herman Miller founded?
Herman Miller was founded in 1905.
Who are Herman Miller key executives?
Herman Miller's key executives are Andrea Owen, Jeffrey Stutz and Ben Watson.
How many employees does Herman Miller have?
Herman Miller has 8,000 employees.
What is Herman Miller revenue?
Latest Herman Miller annual revenue is $2.5 b.
What is Herman Miller revenue per employee?
Latest Herman Miller revenue per employee is $310.8 k.
Who are Herman Miller competitors?
Competitors of Herman Miller include Steelcase, Knoll and Kimball International.
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, Alexandria, São Paulo, Shanghai and in 9 other locations.
How many offices does Herman Miller have?
Herman Miller has 14 offices.
Receive alerts for 300+ data fields across thousands of companies