Welcome to JSA Consultancy Services

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 profit for Q1 falls 75%

Wednesday 16 September 2009

Office-furniture maker Herman Miller Inc posted a 75 percent drop in quarterly profit, weighed down by a decline in orders.

For the first quarter ended 29 August 2009, net income was $8.4 million, or 14 cents a share, compared with $33.4 million, or 60 cents a share, a year earlier.

Excluding items, the company, which recently acquired healthcare furnisher Nemschoff Inc, earned 22 cents a share.

Net sales slumped 32 percent to $324 million. Consolidated orders for the quarter declined 40 percent to $322.1 million.

Three analysts on average were expecting earnings of 19 cents a share, before special items, on revenue of $325.9 million, according to Reuters Estimates.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.



moreLatest News

Thursday 8 March 2018 Herman Miller International exec to retire

ZEELAND — A member of the executive team at Herman Miller Inc. has announced

Tuesday 27 February 2018 Naughtone Placed No. 22 in the Sunday Times Lloyds SME Export Track 100

naughtone, a furniture design and manufacturing company based in Knaresborough, North Yorkshire,

Wednesday 21 February 2018 Takkt AG acquires Brittish Equip4Work

Takkt AG has acquired 100 percent of the shares of Equip4Work Ltd. Signing and closing of the tra

Tuesday 20 February 2018 Steelcase survey reveals informal space trend

A recent study by office furniture vendor Steelcase has shed some light on what people really wan

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England

+44 (0) 20 7688 1928