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 shares jump on strong 4Q report

Friday 24 June 2011

Shares of Herman Miller Inc. rose nearly 8 percent on Thursday after the office-furniture maker reported strong fourth-quarter results on rising orders.
The company reported fourth-quarter net income increased four-fold as demand improved for its design-focused and ergonomic products. Revenue rose 37 percent to $441.5 million. Results handily topped analyst forecasts.
Office furniture makers were particularly hard hit during the recession as businesses cut back on big-ticket items, but a turnaround is in the works. The quarter marks the fourth consecutive quarter that Herman Miller, based in Zeeland, Mich., has reported double-digit or higher earnings increases.
Given the sizable fourth-quarter earnings beat, improving operating leverage, robust order growth, and the likelihood that fiscal first-quarter guidance will compare favorably with Street estimates, analysts expect Herman Miller shares to move higher in Thursday's early trading,.
Herman Miller's stock price rose $2.01, or 8.4 percent, to $26.01 in midday trading. The stock has traded between $16.23 and $28.14 over the past 52 weeks.

Subscribe to our News Page

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

 

 

moreLatest News

Wednesday 10 January 2018 Announcing PANTONE 18-3838 Ultra Violet, PANTONE® Color of the Year 2018.

“A dramatically provocative and thoughtful purple shade, PANTONE 18-3838 Ultra Violet communicates

Tuesday 9 January 2018 Knoll Designs Armless MultiGeneration Light Task ChairKnoll Inc. alleges patented chair design was u

PHILADELPHIA – A furniture company with a place of business in Greenville alleges one of its paten

Sunday 7 January 2018 Herman Miller reports Second Quarter Fiscal 2018 Results – orders at all-time-high

Herman Miller, Inc. (NASDAQ: MLHR) today announced results for its second quarter ended December 2,

Wednesday 3 January 2018 Swindon Furniture Company Hit by Brexit Rescued

A furniture company whose sales went into decline after the vote on Brexit has been sold out of admi

Contact Us

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


+44 (0) 20 7688 1928