Herman Miller Inc (MLHR) Q4 2021 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Herman Miller and Knoll to Combine, Creating the Preeminent Leader in Modern Design, Catalyzing the Transformation of the Home and Office
Brings Together Complementary Portfolios of Exceptional Brands for Commercial and Residential Settings
Enhances Scale and Capabilities to Drive Growth and Profitability
Accelerates Digital Transformation
Drives Strong Financial Benefits Including $100 Million in Expected Run-Rate Cost Synergies Within Two Years of Closing
Supported by Shared Culture and Commitment to Design, Innovation, Operational Excellence and Sustainability
Companies to Host Conference Call and Webcast at 8:30 a.m. ET Today
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ZEELAND, Mich. and EAST GREENVILLE, Pa., April 19, 2021 /PRNewswire/ Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 b
[Operator Instructions]
I would now like to introduce your host for today s conference, Kevin Veltman, Vice President of Investor Relations and Treasurer.
Kevin Veltman
Vice President of Investor Relations & Treasurer
Good morning, everyone. Joining me today on our second quarter earnings call are Andi Owen, our President and Chief Executive Officer; Jeff Stutz, our Chief Financial Officer; John Michael, President of North America Contract; Debbie Propst, President of Herman Miller Retail and Ben Groom, our Chief Digital Officer.
Similar to last quarter, we have changed our approach to the quarterly press release to adapt to shareholder letter format that replaces our prepared remarks on the conference call. We believe this approach both provides more timely information for investors and allows for more questions and dialog on the call. We have posted yesterday s press release on our Investor Relations website at hermanmiller.com. Wherever any figures are presented on a non-G