ZEELAND, MI – Office furniture manufacturer Herman Miller announced the results of its second quarter, which ended December 2. Both a sound sales growth and better financial leverage drove the highest quarterly earnings per share recorded by the company. Sales for the quarter were up 13.9 percent and orders increased 22.1 percent from the same period last year. Operating earnings grew to 11.8 percent of sales based on improvements in gross margin and operating expenses as a percentage of sales. Net earnings were $36.6 million, which was an increase of 31.2 percent over net earnings for the same period of the previous year. Read more.
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