Stock Symbol: MLHR
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Herman Miller Inc. researches, designs, manufactures and distributes interior furnishings and provides related services that support companies all over the world. The Company's products are sold primarily to or through independent contract office furniture dealers. It designs and develops furniture and furniture systems. The Company offers end user customers related services, such as furniture asset management and office layout design. The company has introduced the innovative concepts in its modular systems, such as Action Office, Q System, Ethospace and Resolve. Through research, the Company defines and clarifies customer needs and problems existing in its markets, designs through innovation, where appropriate and feasible, products, systems and services as solutions to problems. The primary domestic manufacturing operations are located in Michigan and Georgia.
For the six months ended 11/27/04, revenues rose 11% to $725.7 million. Net income rose 95% to $29.6 million. Revenues reflect an improvment in orders and backlog. Net income also reflects improved gross margins due to a change in the operating model and lower restructuring charges.