MillerKnoll Returns to Profitability, Beats Q4 Revenue and EPS Estimates
MLKN sits 25% above its 52-week low of $13.773.
Summary
MillerKnoll reported a strong fiscal fourth quarter, returning to GAAP profitability with adjusted earnings of 55 cents per share and revenue of $1 billion, both exceeding analyst estimates. Sales growth was primarily driven by its global retail and North America contract segments. This positive performance follows the company's recent announcement of a CEO transition and provides a strong operational update after the 8-K filed earlier today.
At the time of this announcement, MLKN was trading at $17.28 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $13.77 to $23.18. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.