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Organic Growth Boosts Herman Miller’s Performance

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Herman Miller’s price movement

Herman Miller (MLHR) has a market cap of $1.67 billion. Its YTD (year-to-date) performance is stable. After the 1Q16 earnings report, it rose by 1.24% to close $27.86 per share. Its net revenue rose by 2.66%. The price movement on a weekly, monthly, and YTD basis is 1.57%, -4.84%, and -3.88%, respectively. It’s trading at 2.62% on a trailing five-day basis.

Technically, it has broken all of the support for most of 2015. Currently, it’s trading at 5.18% above the 20-day moving average, 4.46% above the 50-day moving average, and 12.88% above the 200-day moving average.

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The Workplace Equality Portfolio ETF (EQLT) invests 0.60% of its holdings in Herman Miller. It tracks an index of about 140 global stocks selected by firms’ support of lesbian, gay, bisexual, and transgender employees in the workplace. The stocks are equally-weighted. The YTD price movement of EQLT is -2.54%. The Shares Morningstar Small-Cap Growth ETF (JKK) invests 0.36% of its holdings in Herman Miller. The WisdomTree SmallCap Dividend ETF (DES) invests 0.24% of its holdings in Herman Miller.

Herman Miller’s competitors and their market caps are:

  • Steelcase (SCS) – $2.24 billion
  • HNI (HNI) – $2.04 billion
  • Knoll (KNL) – $1.17 billion
  • Leggett & Platt (LEG) – $6.03 billion

Herman Miller’s performance in 1Q16

According to the 1Q16 earnings report, the company reported net revenue of $565.4 million in 1Q16—a rise of 2.66% on a quarterly basis. The net income rose to $33.8 million with an EPS (earnings per share) of $0.56 per share.

The inventories rose by 1.72% in 1Q16. The company increased the shareholders’ equity to $451.7 million. As a result, the debt-to-equity ratio fell to 1.58 in 1Q16—compared to 4Q15.

On June 15, 2015, the company introduced exclave. It brings the purpose of working settings by harmonizing surroundings, furnishings, and tools to create collaborative environments.

For 2Q16, the company projected a rise in net revenue of 0.88%–4.42% compared to the 1Q16 net revenue of $565.4 million.

About Herman Miller

Herman Miller’s inspiring designs, inventive technologies, and strategic services help people do great things. It helps organizations perform at their best. Innovative business practices and a commitment to social responsibility have also helped Herman Miller become a recognized global leader. The company provides services of performance environment, program management, project management, repurpose, design and specifications, and financial solutions.

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