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Herman Miller Inc. Message Board

  • appleman97 appleman97 Jun 11, 1998 7:55 PM Flag


    Does anyone know when the earnings are due out?

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    • I just sent an e-mail to investors' relations stating my concerns and seeking comments. You could do the same.

    • MLHR has a stockholder relations department. It
      is their responsibility to keep shareholders
      informed via news services etc., I feel it is part of
      their responsibility to their shareholders. Especially
      with the stocks performance. We have recently seen
      stockholder lawsuits against companies for not keeping their
      shareholders abreast. If MLHR does not make earnings, watch

    • We're all frustrated with the recent drop, but I
      think its unfair to suggest the company is lax
      regarding responsibility to shareholders. Eleven
      consecutive record quarters of sales, orders and earnings
      suggest MLHR is focused on our collective interest--
      growing a profitable business. As to news, check the web
      site and look for earnings to come forward in next few
      weeks. Might also check with your brokerage firm or any
      available analyst's opinions. These are the folks
      responsible for regular contact with management, and have
      access. If someone wants more, have you tried calling
      MLHR directly? Suggest trying the phone number given
      in the quarterly report, or try leaving an e-mail
      via MLHR web site.


    • Zacks references the earnings date as July 8-- can anyone else confirm this?

      • 1 Reply to downthenup
      • A few bits of information that might be

        Uncertain as to specific reasons for recent decline, and
        there are probably as many as there are sellers, but
        here are a few likely culprits.

        1) BIFMA
        industry association (Business and Institutional Furniture
        Manufacturers Association) released downward revision of 1998
        total industry sales estimate, from 10% to 7.9%, on
        Wednesday, June 10.

        2) Word on the street is that
        Steelcase (SCS) and Knoll (KNL) have been cautioning
        analysts on current quarter.

        3) General market
        anxiety striking contract furniture manufacturers
        particularly hard, given price appreciation for sector over
        past 24 months.

        MLHR has released nothing
        negative and is comfortable with current earnings
        estimates for fiscal '98 (ended in May, releasing quarter
        and year earnings end of June/early July) and fiscal

        On a brighter note, MLHR did VERY well at NeoCon
        this week, industry's largest show in North America,
        with more product design awards than any other major
        manufacturer. This includes the two largest product categories
        in the industry, systems and seating. Brief release
        follows with more available at

        June 10, 1998


        Herman Miller, Inc., won
        five awards at the annual Best of NeoCon competition
        sponsored by Facilities Design and Management magazine.

        Acrobat suite: Gold Award for Computer-Support
        Acrobat suite: Gold Award for Most Innovative
        Meridian storage: Silver Award for Files and
        Passage furniture: Gold Award for Furniture
        Reaction chair: Gold Award for Task Seating

        addition to these awards for product design, the Herman
        Miller show room also received the 1998 Grand Award for
        Show Room Design from the International Interior
        Design Association.

        "I couldn't be more pleased
        with our performance this year," said Mike Volkema,
        Herman Miller CEO. "These awards are a reflection of the
        talents of some very special people, our employee-owners
        and design partners."

        Herman Miller, Inc., is
        an international firm engaged in the manufacture and
        sale of furniture systems, products, and related
        services principally for offices and, to a lesser extent,
        for health-care facilities and other uses. The
        company is based in Zeeland, Michigan.

32.81-0.06(-0.18%)11:02 AMEDT