BeaconEquity.com: Herman Miller (MLHR) Nudges Higher on Q1 Results
Herman Miller Inc., a designer, manufacturer and distributor of interior furnishings, on Wednesday released its first-quarter financial results, driving slight gains in today’s trade. Herman Miller reported first-quarter net sales of $458.1 million, up 20.3% over the same period in the previous year. The company’s orders in the first quarter rose 22.2% on a year-over-year basis to $481.4 million. Herman Miller reported first-quarter consolidated gross margin of 33.7%, an improvement of 120 basis points over the same period in the previous year. The improvement in first-quarter gross margin was mainly due to benefits captured from May 200 price increase and…