Higher revenues in 2023 extended Haworth Inc.’s growth streak to four straight years following a steep industry decline in the first year of the COVID-19 pandemic.
The Holland-based Haworth today reported $2.57 billion in sales for 2023, a 3% increase over 2022. The results for last year also raised Haworth to 16% sales growth since 2019, before the pandemic.
HOLLAND — While furniture maker Haworth Inc. absorbed an expected hit to sales in 2020 because of the COVID-19 pandemic, the company cited its diversification as a way of easing the blow.
The Holland-based privately held and family-owned company recently released figures for global sales in 2020. Haworthfinished the pandemic-consumed year with $1.81 billion in sales, which was a sharp 19 percent decrease from 2019 totals.
For the large West Michigan-based office furniture manufacturers, remote working was a familiar concept and a demand they were prepared to fulfill.
While names like Steelcase Inc., Herman Miller Inc. and Haworth Inc. were keeping an eye on the transition to higher percentages of remote workers, the COVID-19 pandemic and ensuing mass exodus from traditional offices lurched that evolution forward.
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