Good performance for Herman Miller in 1Q of fiscal 2014

U.S. (Notifix) - Herman Miller, Inc. announced results for its first quarter ended August 31, 2013. Net sales in the quarter totaled $468.1 million, an increase of 4.1% from the same quarter last fiscal year. New orders in the first quarter were $471.2 million, 4.2% higher than the prior year period.

Brian Walker, Chief Executive Officer, stated, “This quarter’s performance reflects continued progress in the execution of our strategy, with a strong contribution from the higher margin growth categories and related channels where we have been steadily expanding our presence. It also reflects operating improvements we have implemented in some of our operations that have been underperforming. These results demonstrate that our strategy of innovation, diversification, and operational excellence is working.”

 

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