Key Developments: Herman Miller Inc (MLHR.O)
26.42USD
17 May 2013
$0.70 (+2.72%)
$25.72
$25.80
$26.48
$25.76
308,443
312,572
$27.86
$16.03
Latest Key Developments (Source: Significant Developments)
Herman Miller Inc Announces Acquisition Of Maharam Fabric Corp
Herman Miller Inc announced an agreement to acquire Maharam Fabric Corporation (Maharam), a New York-based, global designer and provider of high quality interior textiles for commercial, healthcare, and residential interiors. The transaction is scheduled to close April 29, 2013. Maharam, with revenues of approximately $105 million in 2012, will be purchased for approximately $156 million in cash. Full Article
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. Full Article
Herman Miller Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates
Herman Miller Inc announced that for the third quarter of 2013, it expects net sales to be in the range of $430 million to $450 million. Diluted earnings per share in the period are expected to range between $0.22 and $0.26. This earnings guidance includes the impact of additional legacy pension expenses, which are expected to total approximately $5 million, before tax, in the third quarter. Excluding the impact of legacy pension, adjusted earnings per share in the quarter are expected to range between $0.27 and $0.31. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $444 million and EPS of $0.34 for the third quarter of 2013. Full Article
Herman Miller Inc Issues Q2 2013 Guidance Below Analysts' Estimates
Herman Miller Inc announced that for the second quarter of 2013, it expects net sales to be in the range of $445 million to $465 million and diluted earnings per share (EPS) to range between $0.37 and $0.41. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $473 million and EPS of $0.42 for the second quarter of 2013. Full Article
Herman Miller, Inc. Issues Q1 2013 Guidance In Line With Analysts' Estimates
Herman Miller, Inc. announced that for the first quarter of 2013, it expects net sales to be in the range of $440 million to $460 million. Earnings per share in the period are expected to range between $0.37 and $0.41. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $448 million and EPS of $0.40 for the first quarter of 2013. Full Article
Herman Miller, Inc. Issues Q4 2012 Guidance In Line With Analysts' Estimates-Conference Call
Herman Miller, Inc. announced that net sales in the fourth quarter of 2012 to be in the range between $415 million and $435 million. Earnings in the quarter are expected to be between $0.28 and $0.32 per share on a diluted basis (EPS). According to I/B/E/S Estimates, analysts on average were expecting the Company to report revenues of $435 million and EPS of $0.32 for the fourth quarter of 2012. Full Article
Herman Miller, Inc. Issues Q1 2012 Revenue Guidance In Line With Analysts' Estimate-Conference Call
Herman Miller, Inc. announced that for the first quarter of 2012, it expects sales to be $440-$450 million. According to I/B/E/S Estimates, analysts on average were expecting the Company to report revenues of $445 million for the first quarter of 2012. Full Article
Cycling-Armstrong, US Anti-Doping Agency squabble over further probe
Jan 26 - An attorney for Lance Armstrong said the disgraced cyclist will not meet the U.S. Anti-Doping Agency's deadline for him to answer questions under oath, and suggested his client would rather participate in international efforts to "clear the air."
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