
MillerKnoll Inc. ($MLKN) reported consolidated net sales of $876.2 million for the third quarter of fiscal 2025, reflecting a 0.4% increase on a reported basis and a 1.8% rise organically. The company also announced orders for the quarter totaling $853.1 million, which is up 2.7% as reported and 4.1% on an organic basis compared to the previous year. However, the earnings per share (EPS) of $0.44 met expectations but did not exceed them, leading to a modest recovery in the stock price following a steep selloff. For the fourth quarter, MillerKnoll expects net sales to range between $910 million and $950 million, with a gross margin forecast of 37.5% to 38.5%. Meanwhile, Steelcase Inc. ($SCS) reported its fourth-quarter results, posting an adjusted EPS of $0.26 and revenue of $788 million, which was below expectations. The company noted a 12% increase in order growth in the Americas, indicating a positive trend in response to the return to office dynamics. Steelcase's stock saw a pre-market increase of 10.4% following its earnings announcement.
MillerKnoll ( $MLKN): Q3 EPS $0.44 in line, revenue $876.2M (miss); Q4 guide below estimates.
$MLKN reversing last night's steep selloff after their earnings print. Up modestly pre-market largely due to favorable commentary on orders for Feb/March and strong results from $SCS whose stock is trading flat with 1999/2000 levels (not a joke). For those following the consumer
$SCS (+10.4% pre) Steelcase (NYSE:SCS) Reports Q1 In Line With Expectations, Stock Jumps https://t.co/N073vzIwnV
