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Office furniture design firm MillerKnoll is growing its own digs, Commercial Observer has learned. MillerKnoll signed a lease to add 15,331 square feet to its 44,000-square-foot office at 251 Park Avenue South, according to landlord The Feil Organization.
MillerKnoll, Inc. (NASDAQ:MLKN) has been in the news lately for all the right reasons. A recent acquisition by Director Michael A. Volkema has caught the attention of investors worldwide. The purchase, which took place on Wednesday, May 3rd, saw Volkema buy 60,200 shares of the company’s stock at an average cost of $16.61 per share […]
MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04, compared to $0.33 in the prior year. Non-GAAP net income per diluted share was $0.13, compared to $0.33 in the prior year. […]
On May 8, 2023, HNI Corporation, a renowned manufacturer of premium quality office furniture and fireplaces, headquartered in Muscatine, Iowa, announced its outstanding Q1 results, surpassing expectations and creating a buzz in the market. The first quarter of the year witnessed the company earning a profit of $1.6 million, equivalent to 4 cents per share.
As of May 8, 2023, HNI Corporation, a prominent furniture manufacturer, has projected a return to pre-pandemic earnings seasonality. The company anticipates that 80-85% of its annual profit will be generated in the second half of the year, which is more in-line with historical trends.
May 6, 2023 – Duality Advisers LP, a prominent institutional investor, has revealed that it has acquired an additional 7,319 shares in MillerKnoll, Inc. (NASDAQ: MLKN), effectively raising its holdings by 15.8% in the fourth quarter. According to its most recent report filed with the Securities and Exchange Commission (SEC), Duality Advisers now owns approximately […]
Janney Montgomery Scott LLC, a reputable financial services firm, has recently raised its stock holdings in La-Z-Boy Incorporated (NYSE:LZB) by an impressive 37.8% in the fourth quarter. The company now owns 20,538 shares of the furniture manufacturer’s stock, worth $469,000 according to its latest filing with the Securities & Exchange Commission.
Steelcase (NYSE:SCS) disclosed: On May 3, 2023, in response to persisting inflationary pressures and decreasing plant utilization in Europe, the Middle East and Africa (“EMEA”), the Board of Directors of Steelcase Inc . (the “Company”) approved plans for workforce reductions in France. These plans involve the reduction of approximately 40 to 50 salaried roles. The Company expects […]
Item 2.05. Costs Associated with Exit or Disposal Activities. On May 3, 2023, in response to persisting inflationary pressures and decreasing plant utilization in Europe, the Middle East and Africa (“EMEA”), the Board of Directors of Steelcase Inc. (the “Company”) approved plans for workforce reductions in France. These plans involve the reduction of approximately 40 to 50 salaried roles. The Company expects to incur […]
A clearer picture of the financial state of the recently bankrupt Office Interiors of Virginia is coming into focus. New filings in the Henrico-based company’s Chapter 11 bankruptcy reorganization proceedings, which began April 16, show the 35-year-old office furnishings firm has assets of $1.8 million and $3.84 million in liabilities, $2 million of which is […]
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