| Address:
|
855 E MAIN AVE
PO BOX 302 |
| City: |
ZEELAND |
|
State: |
MI |
|
Zip Code: |
49464-0302 |
| Telephone: |
616-654-3000 |
|
Description of Business
|
Primary SIC Code:
2520 |
| (As filed with the SEC)
|
|
|
The company researches, designs, manufactures, and distributes interior
furnishings, for use in various environments including office, healthcare,
educational, and residential settings, and provides related services that
support organizations and individuals all over the world. The company's products
are sold primarily to or through independent contract office furniture dealers.
Through research, the company seeks to define and clarify customer needs and
problems existing in its markets and to design, through innovation where
appropriate and feasible, products, systems, and services as solutions to such
problems. Ultimately, the company seeks to enhance the performance of human
habitats worldwide, making its customers' lives more productive, rewarding,
delightful, and meaningful.
Herman Miller, Inc. was incorporated in Michigan in 1905. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2011 | 1.41 | 0.022 | 15.31 | | 08/2011 | 1.26 | 0.022 | 15.77 | | 05/2011 | 1.06 | 0.022 | 23.68 | | 02/2011 | 0.77 | 0.022 | 34.99 | | 11/2010 | 0.60 | 0.022 | 35.90 | | 08/2010 | 0.51 | 0.022 | 32.14 | | 05/2010 | 0.43 | 0.022 | 44.72 | | 02/2010 | 0.57 | 0.022 | 31.93 |
Key Financial Ratios and Statistics |
FYE:
05/28 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.76 | Total Liab/Total Assets | 0.75 | | Net Inc/Total Assets | 0.09 | Total Liab/Inv Cap | 1.12 | | Net Inc/Inv Cap | 0.13 | Total Liab/Comm Equity | 6.51 | | Pretax Inc/Net Sales | 0.06 | Interest Coverage Ratio | 6.15 | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.06 | LTD/Equity | 1.22 | | SG&A/NetSales | 0.22 | Total Debt/Equity | 1.22 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.76 | Quick Ratio | 1.51 | | Inventory Turnover | 17.91 | Current Ratio | 1.76 | | Inventory Day Sales | 0.05 | Net Rec/Curr Assets | 0.40 | | Net Sales/Work Cap | 8.01 | Inv/Curr Assets | 0.14 | | Net Sales/PP&E | 9.75 | | |
Income Statement (Millions) |
| |
12/3/2011
|
9/3/2011
|
5/28/2011
|
2/26/2011
|
|
Total Revenues(Net Sales)
|
445.60
|
458.10
|
441.50
|
414.80
|
|
Cost of Goods Sold
|
293.50
|
303.80
|
295.80
|
281.80
|
|
Selling & Admin Exps
|
111.40
|
112.50
|
68.40
|
101.90
|
|
Operating Income
|
40.70
|
41.80
|
31.50
|
31.10
|
|
Interest Exp
|
4.70
|
4.50
|
4.70
|
5.10
|
|
Pretax Income
|
35.60
|
36.80
|
26.80
|
26.20
|
|
Other Income
|
-0.40
|
-0.50
|
0.00
|
0.20
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
23.70
|
24.60
|
17.00
|
19.80
|
|
Assets
|
12/3/2011
|
9/3/2011
|
5/28/2011
|
2/26/2011
|
|
Cash & Short Term Investments
|
190.70
|
192.50
|
159.60
|
176.40
|
|
Receivables - Total
|
189.10
|
161.80
|
193.10
|
186.90
|
|
Inventories - Total
|
68.10
|
70.00
|
66.20
|
74.20
|
|
Total Current Assets
|
492.80
|
468.00
|
478.10
|
481.10
|
|
Net Property, Plant & Equipment
|
161.50
|
166.60
|
169.10
|
169.40
|
|
Total Assets
|
820.10
|
801.10
|
814.40
|
851.80
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
235.90
|
234.10
|
265.80
|
228.30
|
|
Debt in Current Liabilities
|
NA
|
NA
|
0.00
|
100.10
|
|
Total Current Liabilities
|
235.90
|
234.10
|
272.20
|
353.10
|
|
Long-Term Debt
|
250.00
|
250.00
|
250.00
|
200.00
|
|
Total Liabilities
|
569.40
|
570.70
|
609.40
|
709.50
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
11.70
|
11.60
|
11.60
|
11.40
|
|
Retained Earnings
|
263.90
|
241.60
|
218.20
|
202.40
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
250.70
|
230.40
|
205.00
|
142.30
|
|
Total Liabilities and Stockholders' Equity
|
820.10
|
801.10
|
814.40
|
851.80
|
Cash Flow Summary (Millions) |
|
Categories
|
12/3/2011
|
9/3/2011
|
5/28/2011
|
2/26/2011
|
|
Net Cash Provided by Operating Activities
|
-0.50
|
39.20
|
37.60
|
23.00
|
|
Net Cash Provided by Investing Activities
|
0.50
|
0.40
|
-8.40
|
-10.20
|
|
Net Cash Provided by Financing Activities
|
-0.90
|
0.80
|
-45.90
|
-1.90
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 05/2007 | 1,918.90 | 129.10 | 1.98 | | 05/2008 | 2,012.10 | 152.30 | 2.56 | | 05/2009 | 1,630.00 | 68.00 | 1.25 | | 05/2010 | 1,318.80 | 28.30 | 0.43 | | 05/2011 | 1,649.20 | 70.80 | 1.06 | | Growth Rates | -3.72 | -13.94 | -14.46 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 181 | 47,490 | 81.48 |
|
Report Date :
2/6/2012
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