Herman Miller (MLHR) Tops Q4 EPS by 4c, Offers Q1 Guidance

Herman Miller (NASDAQ: MLHR) reported Q4 EPS of $0.56, $0.04 better than the analyst estimate of $0.52. Revenue for the quarter came in at $582.6 million versus the consensus estimate of $568.55 million.

GUIDANCE:

Herman Miller sees Q1 2017 EPS of $0.60-$0.64, versus the consensus of $0.60. Herman Miller sees Q1 2017 revenue of $600-620 million, versus the consensus of $589.30 million.

The company also announced an increase in its quarterly cash dividend to $0.17 per share payable in October 2016. This change represents an increase of over 15% from the current dividend payout of $0.1475 per share.

For earnings history and earnings-related data on Herman Miller (MLHR) click here.

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