Herman Miller increases sales
| 22 March, 2018
Office furniture manufacturer Herman Miller announced results for its third quarter ended March 3, 2018 with net sales in the quarter totaled $578.4 million, an increase of 10.2%. New orders in the third quarter of $563.2 million were 3.7% above the prior year level.
Brian Walker, Chief Executive Officer, stated, "Broad-based sales growth across all of our business segments was a clear highlight for the quarter, led by strong double-digit growth from our International and Consumer business segments.
“We were particularly encouraged that the acceleration in sales for the Consumer business resulted in meaningful improvement in operating margins for the segment as we execute on this important strategic priority. While order levels in North America reflected the project-based nature of the industry during the quarter, a favorable macro-economic picture and the potential for U.S. tax reform to be a catalyst for industry demand provide a supportive backdrop going forward.”