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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 Q1 profit up 91 pct

Friday 17 September 2010

Office furniture maker Herman Miller Inc\'s income nearly doubled, helped by higher sales at its North American business segment.
For the June-Aug quarter, net income was $16.1 million, or 22 cents a share, compared with $8.4 million, or 14 cents a share a year ago.
Excluding items, the company which makes filing and storage systems, free-standing furniture, lighting, seating, textiles, and wooden casegoods, earned 23 cents a share.
Sales rose 17.5 percent to $380.7 million. North American business segment sales rose 15 percent.
Analysts on average had expected earnings of 26 cents a share, before special items, on revenue of $364.6 million, according to Thomson Reuters I/B/E/S.
Shares of the Zeeland, Michigan-based company closed at $18.39 Thursday on Nasdaq.
They have lost 18 percent of their value since touching a year high of $22.50 in April.

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