International Interior Design Association
Topic: Business

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.
Reply | PermaLink | Channels: Business

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.
Reply | PermaLink | Channels: Business

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

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