Herman Miller, Inc., Again Among IndustryWeek's 50 Best Manufacturing Companies
June 08, 2009
Herman Miller once again was selected by IndustryWeek magazine for its annual listing of the 50 Best U.S. Manufacturing Companies, available in the publication's June 2009 issue.
Each year, IndustryWeek compiles a ranking of the top 50 manufacturers in the United States. The magazine's methodology factors in revenue growth and profit margin over the past three years, with the most recent year's results weighted most heavily. Additionally, they evaluate three-year performance in four other financial ratios: return on equity, return on assets, asset turnover, and inventory turns.
With results from 2008 weighing most heavily in the selection process, Herman Miller's consolidated net sales grew 4.9 percent over the prior year to reach over $2 billion, while orders were up 2.1 percent.
Herman Miller's Executive Vice President of Operations Ken Goodson said, "This award is particularly meaningful because of the continued commitment demonstrated by our people during these uncertain economic times. It is a testimony to their dedication to improving operating performance across all areas of the business."
About Herman Miller, Inc.
Herman Miller works for a better world around you—with inventive designs, technologies and related services that improve the human experience wherever people work, heal, learn, and live. Its curiosity, ingenuity, and design excellence create award-winning products and services, resulting in more than $2 billion in revenue in fiscal 2008. Innovative business practices and a commitment to social responsibility have also established Herman Miller as a recognized global company. In 2009, Herman Miller was again cited by FORTUNE as both the "Most Admired" in its industry and among the "100 Best Companies to Work For" in America, while Fast Company named Herman Miller among the innovative "Companies to Watch." Herman Miller trades on the NASDAQ Global Select Market under the symbol MLHR.