News

Herman Miller reports continued growth

21/12/2004

American furniture designer and manufacturer Herman Miller, Inc has announced positive results for the second quarter ended November 27, 2004. Sales increased 11.5% from the year-ago period. Orders and backlog also significantly improved over the prior-year levels, with orders up 9.1% and backlog increasing 18.9%. Net earnings were $15.4 million, an increase of 69.2% over net earnings of $9.1 million for the same period in the prior year. Gross margins improved to 32.6% of sales from 30.9% in the same period of the prior year.

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