Herman Miller reported its fourth-quarter sales as off by 38%, while profits were down nearly 82%. For the period ended May 30, it reported $320 million in sales, compared to last year’s $519 million. Its profits fell to $7.2 million, down from $39.5 million last year. Earnings per share were 14 cents, down from 71 cents in the previous fourth quarter. Excluding restructuring charges, earnings were 20 cents per share, beating analysts’ expectations of 18 cents.

For its 2009 fiscal year, sales were $1.63 billion, 19% lower than 2008 at $2 billion. Yearly profits were 55.4 percent lower, at $68 million, compared with $152.3 million in 2008.