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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.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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