We will see that Herman millar inc early investments and ramp will be on the consumer side. At this point, we are still anticipating a final decision around the first part of August.
Your next question comes from Budd Bugatch with Raymond James. Also on the Consumer business, we can work primarily from a inventory position to serve customers, so we can -- we know -- we got to meter that in on the contract side to get where we need to be.
Castelli on the process of designing physical environments: Considering the impact of the accounting classification that I just described, the midpoint of this gross margin forecast is roughly in line with our performance in the first quarter of last fiscal year.
And I will say we saw the early signs of that in the fourth quarter from an orders perspective.
Jeff will unpack the financial elements of the Maars and HAY transactions further in a few moments. Question-and-Answer Session Operator Thank you. This presentation will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.
First, to provide an offset to potential inflationary pressures facing our business. Is that -- has something shifted?
In the North American contract space, macroeconomic indicators, including GDP growth, low unemployment, confidence measures, service sector employment and architectural billings, continue to be supportive.
But we think that is just part of the things we need to do as we manage our way through that process.
Matt McCall Yes, it does. On an adjusted basis, which excludes the estimated impact of certain purchase accounting adjustments, the transaction is expected to be approximately breakeven to earnings per share in fiscal What has been really important on this profit optimization work though is letting the business unit owners own the work, the goals and to let it be contained by their teams so they can own that, not the consultants, but for them to own it.
So there are a number of levers like that, that we believe we can pull on the interim. Second, free up operating headroom necessary to fund strategic growth investments. Matt McCall Okay, very helpful.
For sure, there is - much of the business, as you know, is driven by projects.Herman Miller, Inc. engages in the provision of furnishings and related technologies and services. It operates through the following segments: North American Furniture Solutions, ELA.
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