Herman Miller Pleased With Second Quarter Numbers
December 19, 2008
Herman Miller officials were pleased with the office furniture maker's second quarter, which saw sales decline 5.8 percent to $476.6 million and earnings per share dip 10.4 percent to to 60 cents.
"In the face of a challenging economy and tough prior year comparisons, we demonstrated our ability to deliver strong operating performance and the resiliency of our business model," said Brian Walker, CEO of the Zeeland, Mich., company. "Our people have done an exceptional job of managing cost and productivity, prioritizing activities that are crucial to serving our customers today, while continuing to invest in capabilities to fuel our long-term growth."
In January, Herman Miller announced plans to idle 400 workers to produce savings of about $60 million.
"In the face of a challenging economy and tough prior year comparisons, we demonstrated our ability to deliver strong operating performance and the resiliency of our business model," said Brian Walker, CEO of the Zeeland, Mich., company. "Our people have done an exceptional job of managing cost and productivity, prioritizing activities that are crucial to serving our customers today, while continuing to invest in capabilities to fuel our long-term growth."
In January, Herman Miller announced plans to idle 400 workers to produce savings of about $60 million.
