Friday, December 23, 2005

bfi NY participates in "We Care'' Children's Holiday Event

The holidays can be a particularly trying time for children from disadvantaged circumstances, but thanks to the continuing non-profit and business partnership known as "We Care," the season is once again a little bit brighter for kids across the country.

For nine years, We Care has united the Boys & Girls Clubs of America and the Children's Aid Society here in New York with office furniture manufacturers Geiger, Herman Miller, Inc., and some of America's leading interior design and architectural firms, to host holiday gatherings and a fun filled day of arts & crafts for children in need.

Our New York City Offices recently volunteered their time in the annual We Care project. The effort was coordinated by Joe Rodriguez and Lisa Adonetti of bfi NYC. The NYC office distributed over 500 children's books donated by Simon & Schuster. Joseph Adonetti, Lisa's father, donated sports memorabilia for over 400 children. bfi also sponsored a table where children made bookmarks that were donated by Sonny Lewis and Jill Jacobs of Corporate Art. A special thanks goes out to Simon & Schuster, the Adonetti family, Corporate Art, and the real estate department of Merrill Lynch for donating the labor and sponsoring the volunteer's appreciation party. Below are a few photos from the event.

Thursday, December 22, 2005

Herman Miller, Inc., Net Earnings Rise 81% in Second Quarter FY2006

Herman Miller, Inc., today announced results for its second quarter ended December 3, 2005. Strong growth continued this quarter, demonstrated by a sales increase of 18.9% and an orders increase of 11.1% from the year-ago period. Operating earnings grew to 10.1% of sales based on efficiency gains in both gross margin and operating expenses. Net earnings were $27.9 million, or $0.40 per share, an increase of 81.2% over net earnings of $15.4 million for the same period in the prior year. The ending cash balance of $149.7 million benefited from robust operating cash flows of $44.2 million. Continues...