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Office furniture makers Steelcase (NYSE:SCS) and Herman Miller (NASDAQ:MLHR) both announced...

Jun. 23, 2011 9:08 AM ETSteelcase Inc. (SCS) StockMLKN, SCSBy: Carl Surran, SA News Editor3 Comments

Office furniture makers Steelcase (NYSE:SCS) and Herman Miller (NASDAQ:MLHR) both announced better-than-expected earnings (I, II) after yesterday's close, with orders for each firm rising 20%-plus despite high unemployment. "Apparently, employers are increasing their spending more on the furniture than on the people who sit on the furniture." SCS +5.6%, MLHR +7% premarket.

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