Herman Miller Inc Issues Q4 2013 Guidance; Revenue Guidance In Line With Analysts' Estimates

Herman Miller Inc announced that it expects net sales in the fourth quarter of 2013 to be in the range of $430 million to $450 million. Diluted earnings per share in the period are expected to range between $0.30 and $0.34. This earnings guidance includes the impact of additional legacy pension expenses, which are expected to total approximately $4 million, before tax, in the fourth quarter. Excluding the impact of legacy pension, adjusted earnings per share in the quarter are expected to range between $0.34 and $0.38. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $448 million for the fourth quarter of 2013.