ZEELAND, MI (WHTC-AM/FM) – There was some good cheer coming from Herman Miller yesterday, and it wasn’t due to the Christmas season.
The Zeeland-based office furniture maker announced quarterly results that show net sales up 4.7 percent and new orders improved by 9.3 percent from the same three-month period a year ago. Orders are at an all-time high of 629 million dollars, and net earnings stand at 55 cents per share, two pennies above that of 2016 at this time.
In a statement, Herman Miller CEO Brian Walker said that, “Encouragingly, this order growth was fairly broad-based across our business segments … the momentum we have seen through the first half of the fiscal year is a testament to our focus in recent years to tune our offer to the shifting needs of the market.”
Company officials are projecting upcoming quarterly net sales in the range of 565 million to 585 million dollars, implying a nine-percent growth as compared to a year ago, with per-share earnings from 46 cents to 50 cents.
