Herman Miller, Inc. (MLHR) Reports In-Line Q3 EPS; Guides Q4

Herman Miller, Inc. (NASDAQ: MLHR) reported Q3 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $455.9 million versus the consensus estimate of $457.6 million.

On an organic basis (as defined above), segment sales increased 5.8% on a year-over-year basis. New orders in the third quarter totaled $291.7 million, including an estimated $17.0 million accelerated into the period as a result of the price increase. In total, segment orders in the third quarter were 9.0% higher than the year ago period and were up 5.7% on an organic basis.

Sees Q4 2014 EPS of $0.43-$0.47, versus the consensus of $0.43. Also sees Q4 2014 revenue of $485-505 million, versus the consensus of $487.5 million.

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

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