Herman Miller Reports Earnings Growth of 23% in 3Q of FY2013

U.S. (Notifix).-  Herman Miller reported a growth of 23.1% in its adjusted third-quarter earnings on sales of $423.5 million in the quarter for the 2013 fiscal year. Net sales were up 5.9% from the same quarter last fiscal year.

 

“While we are pleased with the overall results, net sales and orders fell short of our expectations. The shortfall was primarily driven by the difficult environment in key economies outside the U.S. and declines in business with the U.S. federal government, including within the healthcare sector,” said Brian Walker, Chief Executive Officer.

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