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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Herman Miller - Full Year's Results - Sales up 4.9%

Wednesday 25 June 2008

Herman Miller, Inc., today announced results for its fourth quarter and fiscal year ended May 31, 2008. A 7% increase in sales for the quarter and a 350 basis point improvement in operating income, combined with a 12% reduction in the average diluted share count, drove a year-over-year increase in fourth quarter earnings per share of 42%, to a record $0.71. For the full year, sales were up 4.9% and earnings per share were up 29% to a record $2.56.

Brian Walker, Chief Executive Officer, stated, \"The employee-owners of Herman Miller did a great job of executing this past quarter and year. Our strategy to diversify into new and emerging markets, both domestically and internationally, is gaining traction. This is evident both in terms of our top-line growth and the breadth of innovative solutions that we are launching in each of our business segments. We\'re confident that our focus on performance innovation will enable us to continue to solve our customers\' problems and create value and growth for our shareholders and employee-owners.\"

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