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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.

US sales help Herman Miller’s 3rd Quarter profit more than double

Thursday 17 March 2011

Office furniture maker Herman Miller third-quarter profit more than doubled helped by robust orders and higher demand from its North America markets.
\"We again enjoyed strong year-over-year growth in sales and orders this quarter. This reflects a continuation of the business recovery that began last spring,\" Chief Executive Brian Walker said in a statement.
For the quarter ended 26 February, the company earned $19.8 million compared with $8.3 million a year ago.
Net sales rose 26 percent to $414.8 million.
Analysts, on average, expected earnings of 29 cents a share on revenue of $413.1 million, according to Thomson Reuters I/B/E/S.
Order backlog rose 39% to $268.7 million. Overall orders rose 27%, while North American orders were up 28.2 percent.
Shares of the Zeeland, Michigan-based company closed at $25.20 on Wednesday on Nasdaq.

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