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Pension Costs Lead to Losses at Herman Miller

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ZEELAND, MI (WHTC) - Herman Miller shareholders and investors will get details in a webcast this morning on the Zeeland-based office furniture maker’s latest quarterly report. Company officials say that, although net sales rose six and a half percent and new orders grew 5.7 percent over the past three months when compared to a year ago, one-time legacy pension expenses led to a net loss of a dollar-37 per share.

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