03 Sep 2015 Giving voice to those who create workplace design & furnishings
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officeinsight Articles on Business/Finance

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Raymond James: Herman Miller: $0.38 F4Q06 EPS Misses Estimate

7.3.06 | We reaffirm our Outperform rating for Herman Miller (MLHR) and our $34, 12- month target price. Our target price equates to ~20x our revised $1.72 FY07 EPS estimate and is less than MLHRs five-year 22x 10-year median forward multiple. Our target price is also consistent with our modeled intrinsic valuation shown on page 4.

Business and Finance >>

David White to Lead Kimball Office

7.3.06 | When we in the office industry speak of Kimball, most often we are referring to the division formally known as Kimball Office, and perhaps, National. Last week, Kimball named David E. White, as Vice President and General Manager, to replace Randy Iles as the leader of Kimball Office brand. He will oversee the brands strategic direction and growth objectives, and report to Dan Miller, President, Furniture, and Executive Vice President, Kimball International.

Business and Finance >>, People >>

Haworth Starts Things

6.5.06 | On May 30, Haworth marked a major milestone, officially beginning construction on its expanded-and-renovated headquarters in Holland, Michigan. Instead of a ground-breaking, the event was cleverly organized as a roof-breaking (See Sidebar). The company took the occasion to invite a number of journalists, not only for a briefing on its new digs but to preview the Patterns collection to be introduced soon at NeoCon 2006.

Business and Finance >>, Events >>

HBF: The Next Generation

6.5.06 | HBF, like the storied fine gentleman it is, has a “reputation that preceded it.” Ever since its fateful decision over a decade ago to emphasize fine design – anticipating a trend more recently adopted by its competitors – HBF has projected a much larger presence than its numbers portrayed. That the company is a subsidiary of the multi-billion dollar United Furniture Brands accounts for part of this, but mostly, this is due to its design achievements (over 30 Gold and Silver product design awards, including four Best of Competition awards, in the past twenty years) and the talents and reputations of its chosen design collaborators, including Michael Vanderbyl, Barbara Barry, John Hutton, Orlando DiazAzcuy, Massimo and Lella Vignelli and many others.  years) and the talents and reputations of its chosen design collaborators, including Michael Vanderbyl, Barbara Barry, John Hutton, Orlando DiazAzcuy, Massimo and Lella Vignelli and many others.

A&D Firms >>, Business and Finance >>, People >>

The Global Vision of Saul Feldberg

5.29.06 | Founded in 1966, the Global Group of Companies is a well-know mid-market manufacturer of contract furniture, and one of the largest manufacturers and marketers of office and institutional furniture in the world, producing seating, desking, wood casegoods and metal filing and storage, all of which sell through a broad network of dealers in North and South America, Europe, the Middle East and the Far East.

Business and Finance >>, People >>, Product >>

Strategy: Business and Design

5.29.06 | What will be the relationship between design and business in the twenty-first century? More than 250 people from Steelcase, IDEO, Motorola, Hewlett-Packard, and other prominent companies explored this question at the Illinois Institute of Technology’s (IIT) second annual Strategy conference. Held at the Museum of Contemporary Art in Chicago from May 17-18, 2006, the conference was emceed by Patrick Whitney, director of the Institute of Design and Steelcase/Robert C. Pew Professor of Design at IIT.

A&D Firms >>, Business and Finance >>, Events >>, People >>

Here's the Real DIRTT

5.8.06 | Say what you want about Mogens Smed – and many do – he is a font of innovative thinking about the workplace. But there is more than a hyperactive right brain operating there. Mr. Smed is unusually effective in translating his prescient ideas into the practical and concrete: In less than one year he and his colleagues – notably Geoff Gosling, Product Design leader, and Barrie Loberg, Software Development leader – have created what appears to be the most advanced furniture rendering and specification software. This software is used to support what one prominent West-Coast designer calls the new, third generation of movable walls. And all of that is just the beginning. In this short time, Mr. Smed has also put in place the infrastructure to specify, create, manufacture, sell, distribute and install his new products, and has already won an impressive number of important projects.

Business and Finance >>, People >>, Product >>

The Nurturing Side of Steelcase

5.8.06 | Nurture! What a great name. Just think. If Steelcase’s new healthcare-environment initiative, Nurture, is successful, the Steelcase name will forever be linked, presumably in a positive way, to one of the great forces in shaping human behavior and wellness. If this doesn’t signal that the venture is off to an auspicious beginning, then the appointment of Michael I. Love as its first CEO surely does. Mr. Love is one of Steelcase’s best regarded leaders. From 2000 until the creation of Nurture, Mr. Love was president and CEO of the Steelcase Design Partnership (SDP), whose profitability during the great industry downturn was one of the few bright lights in the Steelcase financial performance arena.

Business and Finance >>, People >>

Interview with Teknion's Steve Silver

5.1.06 | The late ’90s were exhilarating times in the office industry, following the economy generally and, in particular, the first round of the dot.com frenzy. Possibilities seemed endless, and in some respects they were. The office industry experienced exuberant growth, with each new financial reporting cycle exciting observers with reports of 20-30% increases, and sometimes more, which often seemed much more important than the corresponding profitability ratios.

Business and Finance >>, Interviews >>, People >>, Product >>

Office Resources, Inc.

5.1.06 | I recently met with Kevin Barbary and Paul Fraser, the co-founders and principals of Boston-based Office Resources, Inc. (ORI), which is celebrating its tenth anniversary this year.

Business and Finance >>, People >>, Project >>

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