Welcome to JSA Consultancy Services

A business consultancy, based in London, England, which provides its clients with expert advice and guidance for exporting and importing office furniture from overseas to tap the growth opportunities available in furniture and interiors markets in Europe, north America, Australasia and Japan.

' ?> Welcome to JSA Consultancy Services

A business consultancy, based in London, England, which provides its clients with the latest updates on office furniture exhibitions and office furniture trade shows to help them exploit successfully furniture and interiors markets in Europe, North America, Australasia and Japan

' ?> Welcome to JSA Consultancy Services

A business consultancy, based in London, England, provides its clients with a complete list of office furniture trade associations of different countries and information guidance as to how to exploit successfully furniture and interiors markets in Europe, North America, Australasia and Japan.

' ?> 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.

' ?> Welcome to JSA Consultancy Services

A business consultancy, based in London, England, JSA offers monthly office furniture league table to provide its clients with in-depth information & major office furniture strategic alliance news to exploit successfully office furniture and interiors markets in Europe, North America, Australasia and Japan.

' ?> Welcome to JSA Consultancy Servicesdd

A business consultancy, based in London, England, JSA provides its clients with latest office furniture news from different corners of the world to help them exploit successfully office furniture and interiors markets in Europe, North America, Australasia and Japan.

' ?> Welcome to JSA Consultancy Servicesdd

A business consultancy, based in London, England, which provides clients with 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.

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Herman Miller reports 2nd-Quarter Loss from Pension-Related Charges, despite Sales Growth

Thursday 19 December 2013

Herman Miller Inc.reported a fiscal second-quarter loss due to the results of charges related to its former U.S. defined-benefit pension plans and other items, despite improved revenue. The office-furniture company also unveiled a 12% increase in its quarterly dividend to 14 cents a share, up 1.5 cents a share. For the current fiscal quarter, the company forecast per-share earnings of 30 cents to 36 cents and sales of $445 million to $465 million. Analysts polled by Thomson Reuters recently forecast per-share profit of 39 cents and revenue of $461 million.
The company, which helped spawn the cubicle craze more than 40 years ago, has been introducing new designs as companies adapt workspaces to changing needs. Such office layouts feature lower walls between desks, or even no walls.
"We are very pleased with our operating results this quarter, particularly given declining federal government demand in the U.S. and mixed economic conditions in other markets around the world," Chief Executive Brian Walker said.
For the period ended Nov. 30, Herman Miller reported a loss of $80.6 million, or $1.37 a share, compared with a year-earlier profit of $8.4 million, or 14 cents a share. Excluding legacy pension impacts other items, adjusted earnings were up to 42 cents, from 35 cents a year ago. Revenue increased 6.5% to $470.5 million.
Herman Miller had projected adjusted per-share earnings of 38 cents to 42 cents on sales of $460 million to $475 million, below analysts' estimates at the time. New orders rose 5.7%, to $502.9 million, from a year earlier. Backlog declined 2%, to $307.9 million.

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


+44 (0) 20 7688 1928