Herman Miller: Fiscal 4Q Earnings Snapshot
Posted June 29, 2020 4:32 pm.
Last Updated June 29, 2020 4:38 pm.
This article is more than 5 years old.
ZEELAND, Mich. (AP) _ Herman Miller Inc. (MLHR) on Monday reported a fiscal fourth-quarter loss of $173.7 million, after reporting a profit in the same period a year earlier.
The Zeeland, Michigan-based company said it had a loss of $2.95 per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.
The furniture maker posted revenue of $475.7 million in the period.
For the year, the company reported a loss of $9.1 million, or 15 cents per share, swinging to a loss in the period. Revenue was reported as $2.49 billion.
Herman Miller shares have fallen 37% since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.31, a fall of 40% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLHR at https://www.zacks.com/ap/MLHR
The Associated Press
