ZEELAND, Mich. – Contract furniture manufacturer MillerKnoll reported $949.5 million in second quarter sales, a decrease of 11% from last year.
The company attributed the decline to a lower beginning backlog, partially offset by faster fulfillment. Orders in the quarter reached $944 million – 6.8% lower than last year – but improved sequentially, the company said, as it moved through the period.
Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.
DUBUQUE, Iowa — Flexsteel Inds. is partnering with the Arbor Day Foundation, marking a major milestone in the company’s commitment to environmental responsibility, to provide support for forest restoration and preservation in the Southeast United States.
Flexsteel’s initiative aims to plant 13,000 trees by July 2024 and will include trees planted in honor of its employees’ birthdays and milestone anniversaries, creating a more personal element.
La-Z-Boy Inc (NYSE:LZB) recently announced a dividend of $0.2 per share, payable on 2023-12-18, with the ex-dividend date set for 2023-12-08. As investors look forward to this upcoming payment, the spotlight also shines on the company’s dividend history, yield, and growth rates. Using the data from GuruFocus, let’s look into La-Z-Boy Inc’s dividend performance and assess its sustainability.
MONROE, Mich., Dec. 04, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Senior VP and Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference. The event will be held on December 6, 2023, at 11:00 a.m. Eastern Time. The presentation will be webcast live and archived at https://lazboy.gcs-web.com/.
HIGH POINT — Reliance on a singular supply chain source is a business practice of the past for many manufacturers, and one furniture company is heading into the new year with a balanced mix.
“There are several events in the world that could disrupt our industry and the broader economy in the next 12-18 months,” said Jerry Dittmer, president and CEO of Flexsteel. “Most notable are the conflicts in the Middle East and in Ukraine. We’ve made great strides in balancing our supply chain and have essentially reached our goal of 50/50 mix between North American and imported product mix. We are now focused on moving components out of China to new markets.”
OAKLAND, Calif. — La-Z-Boy has begun to use a data integration platform to break down data silos and accelerate data-driven decision making across the organization.
The residential furniture maker is working with Fivetran in an effort to streamline operations and improve the customer experience – potentially saving millions of dollars. La-Z-Boy, an FDMC 300 ranked company with multiple divisions and manufacturing plants across the U.S. and in Mexico, the UK, and Thailand, said that Fivetran provides it with data-driven insights at scale.
Commercial furnishings manufacturer Kimball International recently announced that it has received three Best of Year (BoY) Awards from Interior Magazine. The awards recognize designers, manufacturers, and architects around the world to both showcase modern design and indicate the direction of future trends.
MUSCATINE, Iowa, December 11, 2023–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) announced today it has again been recognized among America’s Most Responsible Companies, ranking number six among consumer goods companies and number 31 in the overall ranking on Newsweek’s 2024 list. For the fifth year in a row HNI has ranked high on this list of the top 600 most responsible companies in the United States.
An office furniture company has recovered from a loss to post a pre-tax profit and stable sales despite “another challenging” financial year.
Orangebox was born in the summer of 2002 and its origins lie in the village of Hengoed in South Wales, and with the management buyout of an existing manufacturing business run by Steelcase.
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