Herman Miller (MLHR) Reports Q2 EPS of $0.75, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus

Herman Miller (NASDAQ: MLHR) reported Q2 EPS of $0.75, versus $0.57 reported last year. Revenue for the quarter came in at $652.6 million versus the consensus estimate of $645.67 million.

Andi Owen, Chief Executive Officer, stated, "Strong demand was a clear highlight of our results as we finished the quarter setting all-time records for quarterly net sales and order levels for our Company. Encouragingly, this growth was broad-based across our business segments. These results are a tribute to the talent and effort of our people and demonstrate the meaningful progress we have made on our strategic growth priorities. Our progress on strategic priorities included further integration of the HAY and Maars Living Walls brands into our business after the investments that we made in the first quarter of fiscal 2019. This includes introducing HAY's authentic modern designs to North American customers through the launch of the HAY.com eCommerce site and opening the first dedicated HAY retail studios in Portland, Oregon and Costa Mesa, California during the quarter."

GUIDANCE:

Herman Miller sees Q3 2019 EPS of $0.59-$0.63. Herman Miller sees Q3 2019 revenue of $615-630 million, versus the consensus of $604.3 million.

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

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