On June 27, Herman Miller
- Sales rose 9.3% to $485.3 million, as the company's backlog increased 20.9%, indicating continued strong sales.
- Herman Miller's earnings improved by 26.8% to $31.7 million in the fourth quarter.
- Herman Miller is currently rated as a three-star stock (out of a possible five) in Motley Fool CAPS. In fact, 376 of the 421 players (including 143 of 164 All-Stars) rating the company predict it will outperform the S&P 500.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q4 2007 |
Q4 2006 |
Change |
|
---|---|---|---|
Sales |
$485.3 |
$44438.12 |
9.3% |
Net Profit |
$31.7 |
$25.0 |
26.8% |
EPS |
$0.50 |
$0.38 |
31.6% |
Diluted Shares |
63.8 |
66.7 |
(4.4%) |
Get back to basics with the income statement.
Margin Checkup
Q4 2007 |
Q4 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
33.6% |
34.0% |
(0.4) |
Operating Margin |
9.2% |
8.4% |
0.8 |
Net Margin |
6.5% |
5.6% |
0.9 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q4 2007 |
Q4 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$92.3 |
$122.0 |
(24.3%) |
Accounts Rec. |
$188.1 |
$173.2 |
8.6% |
Inventory |
$56.0 |
$47.1 |
18.9% |
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
---|---|---|---|
Accounts Payable |
$110.5 |
$112.3 |
(1.6%) |
Long-Term Debt* |
$3.0 |
$3.0 |
0.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Q4 2007 |
Q4 2006 |
Change |
|
---|---|---|---|
Cash from Ops |
$46.3 |
$48.0 |
(3.5%) |
Capital Expenditures |
$12.8 |
$16.2 |
(21.0%) |
Free Cash Flow |
$33.5 |
$31.8 |
5.3% |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Have a Seat, Herman Miller
- Foolish Forecast: Drilling Down on Herman Miller
- Herman Miller: The Comfortable Quarter
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Fool contributor Mike Cianciolo held no position in Herman Miller.