Solid quarter for Herman Miller

Herman Miller has posted another solid quarter, with net earnings for Q2 up 69.2 per cent to $15.4 million, from $9.1 million posted in the year-ago quarter.

Sales came in at $368.4 million, up 11.5 per cent from the $330.3 million recorded a year ago.

The figure represents the fourth consecutive year-over-year sales growth, and the second quarter in a row of double-digit revenue increases, the company announced. International markets were particularly impressive it said, generating more than 40 per cent sales growth.

Herman Miller is expecting continued strength in its Q3 of fiscal 2005, based largely on its backlog, which grew 18.9 per cent in the last quarter. It estimates a sales increase in the region of 8-14 per cent.

Zeeland (MI)