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May 30, 2020
MillerKnoll Q4 2020 Earnings Report
Herman Miller reported a net loss for Q4 2020 due to COVID-19 impacts and impairment charges.
Key Takeaways
Herman Miller reported a decrease in net sales and new orders compared to the same quarter last fiscal year. The company reported a net loss per share, but adjusted earnings per share were positive. The company took decisive actions to adjust spending and maintain strong liquidity.
Net sales decreased by 29.1% compared to the same quarter last fiscal year.
New orders were 19.4% below the prior year level.
Net loss per share was $2.95 compared to diluted earnings per share of $0.78 in the same quarter last fiscal year.
Adjusted earnings per share totaled $0.11 compared to $0.88 in the same quarter last fiscal year.
MillerKnoll
MillerKnoll
MillerKnoll Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Due to the uncertainty created by the COVID-19 outbreak, the company is withholding providing guidance for the upcoming quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income