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

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 was $2.49 b in FY, 2020

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

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Revenue | 2.3b | 2.4b | 2.6b | 2.5b |

| 1% | 5% | 8% | |

## Cost of goods sold | 1.4b | 1.5b | 1.6b | 1.6b |

## Gross profit | 864.2m | 873.0m | 929.9m | 910.7m |

| 38% | 37% | 36% | 37% |

## R&D expense | 73.1m | 73.1m | 76.9m | |

## General and administrative expense | 587.8m | 616.7m | 639.3m | 643.3m |

## Operating expense total | 673.4m | 695.5m | 726.4m | 949.1m |

## EBIT | 190.8m | 177.5m | 203.5m | (38.4m) |

| 8% | 7% | 8% | (2%) |

## Interest expense | 15.2m | 13.5m | 12.1m | 12.5m |

## Pre tax profit | 177.6m | 168.1m | 195.1m | (13.4m) |

## Income tax expense | 55.1m | 42.4m | 39.6m | 5.7m |

## Net Income | 124.1m | 128.1m | 160.5m | (14.4m) |

## EPS | 2.1 | 2.1 | 2.7 |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Cash | 96.2m | 203.9m | 159.2m | |

## Accounts Receivable | 186.6m | 219.3m | 218.0m | |

## Prepaid Expenses | 43.3m | |||

## Inventories | 152.4m | 162.4m | 184.2m | 197.3m |

## Current Assets | 491.9m | 645.4m | 661.3m | 917.1m |

## PP&E | 314.6m | 331.4m | 348.6m | 330.8m |

## Goodwill | 304.5m | 304.1m | 303.8m | |

## Total Assets | 1.3b | 1.5b | 1.6b | 2.1b |

## Accounts Payable | 148.4m | 171.4m | 177.7m | 128.8m |

## Short-term debt | 51.4m | |||

## Current Liabilities | 385.7m | 413.8m | 446.1m | 513.3m |

## Long-term debt | 199.9m | 275.0m | 281.9m | 718.7m |

## Total Debt | 199.9m | 275.0m | 281.9m | 770.1m |

## Total Liabilities | 694.0m | 784.2m | 829.5m | 1.4b |

## Common Stock | 11.9m | 11.7m | 11.7m | 11.8m |

## Preferred Stock | ||||

## Additional Paid-in Capital | 139.3m | 116.6m | 89.8m | 81.6m |

## Retained Earnings | 519.5m | 598.3m | 712.7m | 683.9m |

## Total Equity | 587.7m | 664.8m | 719.2m | 2.1b |

## Debt to Equity Ratio | 0.3 x | 0.4 x | 0.4 x | |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | |

## Financial Leverage | 2.2 x | 2.2 x | 2.2 x | 1 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Net Income | 124.1m | 128.7m | 160.5m | (14.4m) |

## Depreciation and Amortization | 58.9m | 66.9m | 72.1m | 79.5m |

## Accounts Receivable | 17.3m | (33.1m) | (24.8m) | 68.6m |

## Inventories | (29.9m) | (12.4m) | (31.9m) | |

## Accounts Payable | (11.2m) | 16.0m | 500.0k | (59.5m) |

## Cash From Operating Activities | 202.1m | 166.5m | 216.4m | 221.8m |

## 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 | 11.3m | 107.7m | (44.7m) | 294.8m |

## Interest Paid | 13.4m | 16.4m | 11.5m | 11.4m |

## Income Taxes Paid | 35.6m | 34.2m | 41.0m | 39.6m |

## Free Cash Flow | 114.8m | 95.9m | 130.6m |

USD | Q1, 2017 |
---|---|

## Debt/Equity | 0.4 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 2.3 x |

Herman Miller's Backlog was reported to be $411.2m in Q3, 2020.

FY, 2019 | FY, 2018 | FY, 2017 | |
---|---|---|---|

Male (Senior Leadership), percent | 31.4% | 64.9% | 65.7% |

Female, percent | 20.5% | ||

Female (Senior Leadership), percent | 18.6% | 35.1% | 34.3% |

Male, percent | 29.5% |

- Source: www.hermanmiller.com