Herman Miller (MLHR) stock price, revenue, and financials

Herman Miller market cap is $2.9 b, and annual revenue was $2.49 b in FY 2020

$2.9 B

MLHR Mkt cap, 04-Jun-2021

$590.5 M

Herman Miller Revenue Q3, 2021
Herman Miller Gross profit (Q3, 2021)230.9 M
Herman Miller Gross profit margin (Q3, 2021), %39.1%
Herman Miller Net income (Q3, 2021)43.3 M
Herman Miller EBIT (Q3, 2021)55.1 M
Herman Miller Cash, 27-Feb-2021397.4 M
Herman Miller EV3.1 B

Herman Miller Revenue

Herman Miller revenue was $2.49 b in FY, 2020

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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

Herman Miller Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.3b2.4b2.6b2.5b

Revenue growth, %

1%5%8%

Cost of goods sold

1.4b1.5b1.6b1.6b

Gross profit

864.2m873.0m929.9m910.7m

Gross profit Margin, %

38%37%36%37%

R&D expense

73.1m73.1m76.9m

General and administrative expense

587.8m616.7m639.3m643.3m

Operating expense total

673.4m695.5m726.4m949.1m

EBIT

190.8m177.5m203.5m(38.4m)

EBIT margin, %

8%7%8%(2%)

Interest expense

15.2m13.5m12.1m12.5m

Pre tax profit

177.6m168.1m195.1m(13.4m)

Income tax expense

55.1m42.4m39.6m5.7m

Net Income

124.1m128.1m160.5m(14.4m)

EPS

2.12.12.7

Herman Miller Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

96.2m203.9m159.2m

Accounts Receivable

186.6m219.3m218.0m

Prepaid Expenses

43.3m

Inventories

152.4m162.4m184.2m197.3m

Current Assets

491.9m645.4m661.3m917.1m

PP&E

314.6m331.4m348.6m330.8m

Goodwill

304.5m304.1m303.8m

Total Assets

1.3b1.5b1.6b2.1b

Accounts Payable

148.4m171.4m177.7m128.8m

Short-term debt

51.4m

Current Liabilities

385.7m413.8m446.1m513.3m

Long-term debt

199.9m275.0m281.9m718.7m

Total Debt

199.9m275.0m281.9m770.1m

Total Liabilities

694.0m784.2m829.5m1.4b

Common Stock

11.9m11.7m11.7m11.8m

Preferred Stock

Additional Paid-in Capital

139.3m116.6m89.8m81.6m

Retained Earnings

519.5m598.3m712.7m683.9m

Total Equity

587.7m664.8m719.2m2.1b

Debt to Equity Ratio

0.3 x0.4 x0.4 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

2.2 x2.2 x2.2 x1 x

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

65.1m71.9m78.4m80.0m114.6m193.0m101.7m113.6m113.5m159.5m177.0m110.6m296.6m377.9m397.4m

Accounts Receivable

183.6m195.2m174.8m191.2m189.8m191.6m205.4m223.0m221.0m218.3m208.9m221.7m195.3m190.7m

Prepaid Expenses

37.7m43.7m29.1m26.8m35.1m

Inventories

146.2m150.3m155.7m166.9m172.2m169.4m163.8m178.5m191.9m181.2m184.4m200.5m186.5m

Current Assets

450.9m470.3m466.0m498.7m526.2m608.7m556.0m601.0m619.0m653.6m666.8m636.3m757.5m837.9m868.5m

PP&E

328.1m294.8m302.8m328.1m330.8m330.0m329.8m333.0m338.8m337.5m339.8m341.6m327.7m325.9m1.1b

Goodwill

304.9m304.6m304.4m304.1m304.3m304.4m303.9m303.9m304.0m303.6m363.9m466.1m358.6m358.5m362.6m

Total Assets

1.2b1.3b1.3b1.3b1.4b1.4b1.5b1.5b1.5b1.8b1.9b2.0b1.9b2.0b2.1b

Accounts Payable

159.0m161.9m147.9m166.2m166.7m160.9m170.2m184.6m175.7m178.5m166.7m180.6m159.5m164.4m159.4m

Short-term debt

52.4m52.3m52.1m

Current Liabilities

356.2m382.9m358.3m384.0m396.5m383.3m391.4m425.3m418.9m484.9m481.4m506.1m477.5m507.5m499.9m

Long-term debt

233.9m219.6m234.5m203.9m200.0m275.0m281.9m281.9m281.9m275.0m473.1m463.5m453.6m480.6m475.5m

Total Debt

233.9m219.6m234.5m203.9m200.0m275.0m281.9m281.9m281.9m275.0m473.1m463.5m506.0m532.9m527.6m

Total Liabilities

664.3m678.9m672.0m686.3m696.4m760.1m769.8m803.5m793.6m1.0b1.0b1.1b1.1b1.2b1.1b

Common Stock

12.0m12.0m12.0m12.0m11.9m11.8m11.9m11.8m11.8m11.8m11.8m11.8m11.8m11.8m11.8m

Preferred Stock

Additional Paid-in Capital

144.4m143.3m141.9m133.9m130.4m129.4m106.5m94.3m92.0m97.4m100.4m86.9m83.1m87.8m90.8m

Retained Earnings

461.4m483.2m495.8m542.2m564.4m583.0m624.5m650.6m678.3m748.2m826.7m839.9m756.9m797.1m827.5m

Total Equity

549.1m568.6m581.3m608.7m630.8m657.3m673.2m685.5m714.9m745.2m844.6m836.8m746.4m798.3m850.1m

Debt to Equity Ratio

0.4 x0.4 x0.4 x0.3 x0.3 x0.4 x0.4 x0.4 x0.4 x0.4 x0.6 x0.6 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x0.1 x0.2 x0.2 x0.2 x0.2 x0.2 x0.3 x0.2 x

Financial Leverage

2.3 x2.2 x2.2 x2.2 x2.1 x2.2 x2.2 x2.2 x2.1 x2.4 x2.2 x2.4 x2.6 x2.5 x2.4 x

Herman Miller Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

124.1m128.7m160.5m(14.4m)

Depreciation and Amortization

58.9m66.9m72.1m79.5m

Accounts Receivable

17.3m(33.1m)(24.8m)68.6m

Inventories

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

Accounts Payable

(11.2m)16.0m500.0k(59.5m)

Cash From Operating Activities

202.1m166.5m216.4m221.8m

Capital Expenditures

(87.3m)(70.6m)(85.8m)

Cash From Investing Activities

(116.3m)(62.7m)(165.0m)(168.1m)

Long-term Borrowings

(816.4m)(115.4m)

Dividends Paid

(39.4m)(42.4m)(45.6m)(36.4m)

Cash From Financing Activities

(74.6m)2.5m(91.9m)

Net Change in Cash

11.3m107.7m(44.7m)294.8m

Interest Paid

13.4m16.4m11.5m11.4m

Income Taxes Paid

35.6m34.2m41.0m39.6m

Free Cash Flow

114.8m95.9m130.6m

Herman Miller Ratios

USDQ1, 2017

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x

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

$322.2 m$320.1 m$341.1 m$313.3 m$323.5 m$320.5 m$318.9 m$331.6 m$322.6 m$332.1 m$356.9 m$341.7 m$344.5 m$346.4 m$396.1 m$387.8 m$394.2 m$399.9 m$400.6 m$411.2 m

Order Volume

$595.6 m$575.9 m$543.2 m$568.1 m$2.28 b$594.8 m$629.4 m$563.2 m$620.8 m$2.41 b$630.6 m$702.6 m$610.7 m$664.5 m$2.61 b$676.7 m$674.9 m$651.7 m

Studios

303031313132323232323333333636353535

Order Volume (North America)

$347.7 m$322.1 m$318.3 m$311.6 m$1.29 b$334.8 m$341.1 m$294.7 m$323.5 m$1.29 b$345 m$370.6 m$314.2 m$440.5 m$1.71 b$468.2 m$435.3 m$405.9 m

Order Volume (International)

$111.7 m$501.1 m$116.7 m$126.4 m$159.4 m

Order Volume (Retail)

$112.3 m$399.6 m$91.8 m$113.2 m$86.4 m

Order Volume (ELA Furniture Solutions)

$109.8 m$99.7 m$85.5 m$89.8 m$384.9 m$108.5 m$118 m$113.9 m$110.8 m$451.2 m$125 m$137.3 m$127 m

Order Volume (Specialty)

$67 m$70.7 m$66.3 m$75.8 m$294.2 m$75.4 m$77.1 m$71.2 m$84.8 m$308.4 m$80.1 m$87.1 m$76.7 m

Order Volume (Consumer)

$71.1 m$83.4 m$73.1 m$90.9 m$318.4 m$76.1 m$93.2 m$83.4 m$101.7 m$354.5 m$80.5 m$107.6 m$92.8 m

Studio Selling Space, sq. ft.

272.74 k272.74 k308.19 k317.46 k317.46 k343.54 k357.39 k357.39 k357.39 k357.39 k372.52 k369.22 k369.22 k289.25 k389.25 k382.75 k382.75 k382.75 k

Average Studio Square Footage

2.6 m282.21 k299.39 k312.82 k281.97 k330.5 k350.46 k357.39 k357.39 k337.42 k364.95 k370.87 k369.22 k379.23 k373.32 k386 k382.75 k382.75 k

Net Sales per Studio Square Foot

$583$616$552$632$609$520$520$514$621$563$516$534$492$555$521$482$537$471

Countries

109100100

Herman Miller Human Capital

FY, 2019FY, 2018FY, 2017
Male (Senior Leadership), percent31.4%64.9%65.7%
Female, percent20.5%
Female (Senior Leadership), percent18.6%35.1%34.3%
Male, percent29.5%

Herman Miller Employee Rating

4426 votes
Culture & Values
3.8
Work/Life Balance
4.1
Senior Management
3.4
Salary & Benefits
3.8
Career Opportunities
3.3
Source