Brief: Herman Miller Reports Q4 Adj EPS Of $0.11 Excluding Items

MillerKnoll

29/06/2020 22:24

June 29 (Reuters) - Herman Miller Inc  MLHR.O :
    * HERMAN MILLER REPORTS FOURTH QUARTER FISCAL 2020 RESULTS
    * Q4 LOSS PER SHARE $2.95
    * Q4 SALES $475.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$479.6
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $-0.10 -- REFINITIV IBES
DATA
    * Q4 ADJUSTED EARNINGS PER SHARE $0.11 EXCLUDING ITEMS
    * HERMAN MILLER - RECORDED NON-CASH, PRE-TAX CHARGES RELATED
TO
DESIGN WITHIN REACH, MAHARAM, HAY AND NAUGHTONE OF $205.4
MILLION IN Q4
    * ALSO RECOGNIZED PRE-TAX RESTRUCTURING EXPENSES TOTALING
$16.9
MILLION IN Q4
    * CASH AND CASH EQUIVALENTS AT END OF Q4 TOTALED OVER $450
MILLION
    * BOARD OF DIRECTORS HAS NOW APPROVED PAYMENT OF DIVIDEND,
WHICH
WILL BE MADE ON JULY 15, 2020
    * HERMAN MILLER - WILL, HOWEVER, MAINTAIN TEMPORARY
SUSPENSION OF
FUTURE DIVIDEND PAYMENTS GIVEN ONGOING UNCERTAINTY CAUSED BY
COVID-19
    * HERMAN MILLER - CONTINUING TO WITHHOLD PROVIDING GUIDANCE
FOR
UPCOMING QUARTER

Source text for Eikon:  ID:nPn3XywDna 
Further company coverage:  MLHR.O 

 (Reuters.Briefs@thomsonreuters.com)