ZEELAND, MI -- Herman Miller Inc. (NASDAQ: MLHR) reported that its third quarter hit $414.8 million, a net sales increase of 25.8% over the same period last year.
Brian Walker, CEO, said, "We again enjoyed strong year-over-year growth in sales and orders this quarter. This reflects a continuation of the business recovery that began last spring and comes at a time when we are making real progress in placing the building blocks for future growth - including our recently announced plan to acquire Hong Kong-based POSH Office Systems. We are making strategic advances across the organization through a combination of new products, channel development, and geographic expansion, with still more opportunity ahead."
Herman Miller said costs of key materials, including steel, negatively impacted the company's gross margin in relation to the third quarter of last year, but was relatively consistent on a sequential basis.
Read Herman Miller's third quarter statement.
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