August 13, 2012
Strong Numbers Again Land Herman Miller on IndustryWeek’s 50 Best U.S. Manufacturers
Herman Miller, Inc., has once again been selected by IndustryWeek magazine for its annual listing of the 50 Best U.S. Manufacturers, published in the July 2012 issue.
Each year, the magazine compiles the list by ranking the IndustryWeek U.S. 500 companies based on their financial performance in six key areas over a three-year period, with maximum weight given to the most recent year numbers. This methodology includes revenue growth, profit margin, inventory turns, asset turns, return on assets, and return on equity. Results from Herman Miller’s 2011 fiscal year showed an increase in Return on Equity (ROE) of 88.39%, as well as a Revenue Growth increase of 25%, and Profit Growth of 150%.
“Our inclusion in this premiere list of manufactures is a real testimony to the Herman Miller Performance System, and our people’s dedication to improvement across all areas of our business,” said Herman Miller’s Executive Vice President of Operations Ken Goodson.
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 $1.7 billion in revenue in fiscal 2012. Innovative business practices and a commitment to social responsibility have also established Herman Miller as a recognized global company. A past recipient of the Smithsonian Institution's Cooper-Hewitt "National Design Award,” in 2011, Herman Miller again received the Human Rights Campaign Foundation’s top rating in its annual Corporate Equality Index and was also named, for the eighth consecutive year, to the Dow Jones Sustainability World Index. Herman Miller trades on the NASDAQ Global Select Market under the symbol MLHR.