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.
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.
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.

