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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.

Strong 4th quarter orders to help Herman Miller

Thursday 24 June 2010

Analysts say strong orders in the fourth quarter bode well for Herman Miller Inc. this year, even as the maker of office furniture\'s recent results missed estimates.
After the market closed, the company said its fiscal fourth-quarter net income fell by more 70 percent, missing analyst estimates. But the company reported that the pace of new orders is increasing and reached its highest level in 19 months, rising 12.5 percent to $364.5 million.
The Zeeland-based office furniture maker earned $2.1 million for the last three months, down from 7.2 million for the same quarter last year. Sales were nearly even at $321.5 million, but orders rose 12 and a half percent, giving CEO Brian Walker hope that “we’re turning the corner in an economy that still faces challenging questions.”

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