Herman Miller Q3 net sales increased 7.5%Christian Fernsby ▼ | March 19, 2020
Herman Miller yesterday announced results for its third quarter ended February 29, 2020.
Herman Miller Net sales in the quarter totaled $665.7 million, an increase of 7.5%
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New orders in the third quarter of $651.7 million were 6.3% above the prior year level.
On an organic basis, which excludes the impact of acquisitions and foreign currency translation, net sales and orders in the third quarter decreased by 0.5% and 1.4%, respectively, compared to the same quarter last fiscal year.
Herman Miller reported net earnings of $0.64 per share on a diluted basis in the third quarter compared to diluted earnings per share of $0.66 in the same quarter last fiscal year.
Excluding restructuring expenses and other special charges, adjusted earnings per share in the third quarter totaled $0.74 compared to adjusted earnings per share of $0.64 in the third quarter of last fiscal year. ■