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Topic: Business

Steelcase Reports Second Quarter Earnings

9.30.08 | Grand Rapids, MI | Steelcase reported on its second quarter earnings. The company announced revenues of $901.8 million and a net income of $31.4 million, or $0.23 per share, ahead of company estimates.Reported revenue represented an increase of 9.3% compared to $825.2million in the prior year quarter.

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Continued Negative Conditions For Architecture Billings Index

9.23.08 | Washington, DC | The Architecture Billings Index shows continuing unfavorable conditions for the nonresidential construction market. There is, however, continued demand for projects such as schools, hospitals and government buildings with the institutional category of the ABI remaining positive going all the way back to 2004.
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Herman Miller Reports Continued Order Growth and 11% Increase in Earnings Per Share for First Quarter

9.18.08 | Zeeland, MI | Herman Miller announced results for its first quarter of fiscal year 2009. Earnings per share were $0.60, an increase of 11.1% over the same period in the prior year. Operating earnings improved to 11.8% of sales from the prior year same period 10.9%. Significant increases in raw material costs were offset by a 7.0% year-over-year reduction in operating expenses. Sales declined 2.6% from the prior year, primarily from softness in the U.S. Office Furniture market, although orders increased 10.6%.


Steelcase To Webcast Second Quarter Conference Call

9.18.08 | Grand Rapids, MI |  Steelcase will webcast a discussion of its second quarter fiscal year 2009 financial results on Monday, September 29, 2008 at 11:00 a.m. EDT. The news release detailing second quarter results will be issued the same day before the market opens.
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20-20 Technologies Reports Third Quarter Results

9.12.08 | Laval, Quebec | 20-20 Technologies Inc.  announced its results for the third quarter and nine months ended July 31, 2008. All amounts are in U.S. dollars unless otherwise indicated. 
Third Quarter Highlights include:
  • Revenues up 20.5% to $20.4 million
  • Web-based and manufacturing solutions attract marquee clients: IKEA, Sears Wellborn Forest Products and Solid Comfort 
  • EBITDA of $906,000, compared to $1.1 million in Q3 2007 
  • Operating loss of $384,000, before charge of $968,000 due to implementation of restructuring plan 
  • Cost alignment measures being implemented; will yield $6.1 million in annualized savings
An audio replay of the conference call will be available until midnight on Thursday, September 18, 2008. To access it, dial 416.640.1917 or
1.877.289.8525 and enter the pass code: 21282243# or visit www.2020technologies.com


Kimball International Files SEC Form 10-K

9.11.08 | Jasper, IN | Kimball International Inc. filed SEC form 10-K. This annual report, which provides a comprehensive overview of the company during the fiscal year ending June 30, 2008, can be accessed at http://www.kimball.com/discoverKimball/
ir.aspx?title=SEC%20Filings
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Inscape Releases First Quarter Results

9.11.08 |  Holland Landing, ON | Inscape Corp. released its first quarter results after the close of business on Tuesday, Sept. 9, 2008. President and CEO Peter Brunelle and CFO Kent Smallwood hosted a teleconference call on September 10, at 8:30 a.m. Eastern Time to briefly review the results and respond to any questions. A taped rebroadcast can be accessed until midnight on Sept. 17, 2008, by calling 1-800-558-5253 (reservation number 21391040). For more information contact Mr. Smallwood at (905) 836-7676, extension 3316.
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