ZEELAND, MI – Furniture manufacturer Herman Miller Inc. announced results for its fourth quarter and fiscal year ended May 31. The company reported sales for the fourth quarter of $591.1 million, a 7.0% increase versus the same period last year. Non-North American sales for the fourth quarter were up 22.8% year-over-year, while the North American market grew 6.3% compared to the prior year period.
The company experienced 4.9% sales growth for fiscal 2008, which brought revenues to more than $2 billion. The company expects first quarter fiscal 2009 sales to be in the range of $470 million to $495 million.
Brian Walker, CEO, said, “The employee-owners of Herman Miller did a great job of executing this past quarter and year. Our strategy to diversify into new and emerging markets, both domestically and internationally, is gaining traction. This is evident both in terms of our top-line growth and the breadth of innovative solutions that we are launching in each of our business segments. We’re confident that our focus on performance innovation will enable us to continue to solve our customers’ problems and create value and growth for our shareholders and employee-owners.”
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