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Herman Miller Posting Quarterly Gains


ZEELAND, MI (WHTC) - The ink is staying black on the bottom line at Herman Miller.

Shareholders and investors were briefed this morning on the details of the Zeeland-based office furniture maker’s quarterly report that was issued after the markets closed yesterday. For the three-month period that ended on March 1st, Herman Miller posted net sales of nearly 456 million dollars, up 7.7 percent from the same time frame a year ago, with new orders up 21.4 percent to 454 million, and net earnings of 33 cents per share were a nickel higher than in the Third Quarter of Fiscal 2013.

Company CEO Brian Walker said that his business “fired on all cylinders this quarter,” but admitted that “we are a long way from fulfilling our strategic goals.” Herman Miller officials are projecting net sales of between 485 and 505 million dollars for the current quarter, with diluted earnings of between 43 and 47 cents per share.