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Herman Miller and Logitech G launched the Vantum Gaming Chair on October 6, 2022, focusing on versatility and comfort for gamers. This chair enhances performance with ergonomic design aimed at supporting various gaming postures. Key features include a thoracic support pad, adjustable headrest, and numeric tilt adjustments. Priced at $995 USD, it combines sustainability with a 12-year warranty. The chair is available in three colors: Polar, Flare, and Obsidian, reinforcing the commitment to quality and gamer-centric design.
Herman Miller and HAY have launched the Herman Miller x HAY Collection, featuring a modern reinterpretation of eight iconic Eames mid-century designs. Unveiled on September 21, 2022, the collection showcases innovative color palettes and materials, reflecting the design philosophies of Rolf and Mette Hay, who admire the Eameses. This collaboration aims to celebrate modern design while being sustainable, utilizing 100% post-industrial recycled plastics and innovative materials. Available globally from September 21, the collection is particularly noted for its vibrant color combinations and unique updates to classic forms.
Herman Miller has launched the Pronta stacking chair, a modern and colorful take on a common furniture piece. Designed for durability and ease of use, the chair features a comfortable polypropylene shell and a distinct silhouette. Key innovations include a redesigned cart that can hold 36 chairs, improving storage efficiency. Pronta is available now through certified dealers and online, marking Herman Miller's first chair to be dipped in color. The design balances expression and simplicity, aiming for visual harmony in various settings.
Herman Miller has reintroduced the Nelson Cane Bench, originally designed by George Nelson in 1952. This new version features a cane seat with a walnut or maple frame, providing both style and comfort. Available in three lengths (40", 60", 72"), it is ideal for various settings in homes and offices, encouraging a welcoming atmosphere. Director Amy Auscherman emphasizes the design's elegance and functionality. The bench can be purchased from Herman Miller and Design Within Reach.
Herman Miller launched the Comma seating collection designed by Michael Anastassiades, emphasizing modesty and minimalism. This collection features a sleek backrest and a floating seat design, suitable for various settings from homes to offices. Comma offers versatility with options for chairs and stools in different woods and colors, starting at $595 USD. The design merges Scandinavian and Japanese aesthetics, focusing on craftsmanship and geometric forms. This marks the fourth collaboration between Herman Miller and Anastassiades, who is recognized for creating iconic minimalist designs.
MillerKnoll (formerly Herman Miller, Inc.) will change its NASDAQ ticker symbol from MLHR to MLKN on November 1, 2021, following shareholder approval. This change coincides with the company's rebranding after acquiring Knoll, Inc. on July 19, 2021. CEO Andi Owen emphasized that the new identity reflects the strengths of both legacy organizations, positioning MillerKnoll to lead in modern design solutions.
Herman Miller has reintroduced a collection of vintage graphic art posters through its and Design Within Reach's online stores. The collection features 15 iconic designs from 1949 to 1979, with prices ranging from $475 to $1,125. Notable contributions include works by George Nelson, Steve Frykholm, and Phillip Mitchell. The posters are crafted to replicate the original designs closely, reinforcing the brand's legacy in innovative design. The collection becomes available on October 26, 2021 at 6:30 a.m. EST.
Herman Miller, listed on NASDAQ as MLHR, has unveiled its Portrait Chair, designed exclusively for Norway's National Museum set to open in June 2022. The chair, conceived by Andreas Engesvik, was chosen from 26 entries in a competition organized by Statsbygg. Celebrated for its comfortable design and symbolic significance, the chair will be a key feature in the museum's public spaces. Available for purchase now starting at $630.00 USD, it reflects Herman Miller's commitment to quality and innovation in modern design.
Herman Miller reported a strong fiscal Q1 2022 with net sales of $789.7 million, up 26% YoY, driven by the Knoll acquisition, which contributed $156.4 million. Quarterly orders reached $916.5 million, a 64.8% increase. However, gross margin declined to 35.1% from 39.9% due to rising costs. Despite a net loss of $61.5 million ($0.93 per share), adjusted EPS was $0.49. The company anticipates Q2 sales between $1,025 million and $1,065 million as it continues to integrate Knoll and adjust pricing strategies to combat inflation. Cash on hand at quarter-end was $235.1 million.
MillerKnoll, Inc. (NASDAQ: MLHR) has scheduled its first quarter fiscal 2022 conference call and webcast for September 29, 2021 at 5:30 p.m. ET. The financial news release will be issued after market close on the same day. Key upcoming earnings release dates include:
- Second Quarter: January 4, 2022
- Third Quarter: March 29, 2022
- Fourth Quarter: June 29, 2022
For details, visit Herman Miller's investor page.
