https://jsacs.com/wp-content/uploads/2018/07/Herman-Miller-e1531229149440.jpg 200 200 jsa https://jsacs.com/wp-content/uploads/2018/03/logo-1.png jsa2020-06-30 07:46:592020-07-01 07:54:32Herman Miller Reports Fourth Quarter Fiscal 2020 Results
Tuesday, 30 June, 2020
Herman Miller, Inc. (NASDAQ: MLHR) today announced results for its fourth quarter ended May 30, 2020. Net sales in the quarter totaled $475.7 million, a decrease of 29.1% from the same quarter last fiscal year. New orders in the fourth quarter of $535.3 million were 19.4% below the prior year level.
On an organic basis, which excludes the impact of acquisitions and foreign currency translation, net sales and orders in the fourth quarter decreased by 34.9% and 25.3%, respectively, compared to the same quarter last fiscal year.