Steelcase of Grand Rapids, MI, and Herman Miller of Zeeland, MI, each reported positive Q4 and year-end results.
Steelcase Steelcase (NYSE: SCS) is an international office furniture company. It was founded in 1912 in Grand Rapids, Michigan as The Metal Office Furniture Company. The company at the time specialized in mainly file cabinets and safes. of Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , MI, and Herman Miller Herman Miller may refer to: - Herman Miller (conlanger), creator of constructed languages
- Herman Miller (office equipment), U.S. manufacturer of office furniture and equipment
- Herman Miller (writer) (1919–1999), Hollywood writer and producer
of Zeeland Zeeland (zē`lənd, Dutch zā`länt), province (1994 pop. 363,900), c.650 sq mi (1,680 sq km), SW Netherlands, bordering on Belgium in the south and the North Sea in the west. The main cities are Middelburg (the capital) and Vlissingen. , MI,
each reported positive Q4 and year-end results. Herman Miller reported
its sales were up 13% for the year and 15% for the quarter, in addition
to a more than 60% profit for FY2005. The company's representatives
say industry-wide turn-around began in the second half of last year and
picked up momentum through the current fiscal year. Steelcase,
meanwhile, declared its highest quarterly dividend since 2001, at $0.09
per share. The company said its Q1 sales were up 13%, with its forecast
calling for even better results.
COPYRIGHT 2005 Vance Publishing Corp.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion