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MillerKnoll leadership said it hopes 2023 will be the year the combined entity gets to embrace its market potential. It’s been nearly two years since Herman Miller announced its acquisition of Knoll, seeking to amplify the combined business as a leader in modern design. The companies at the time said they hoped to catalyze the transformation […]
JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year. Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.
Summary Positive change in channel mix continues to support business operating margins. La-Z-Boy continues to effectively pass the inflation rate on to the end consumer. The company is trading below the fair level based on fundamental analysis in accordance with my model.
JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year. Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.
Indiana Furniture announced Greg Stoner has been elected to their board of directors. Stoner will bring decades of experience in corporate leadership and manufacturing, and a long track record of driving innovative and diverse teams globally.
Nisa Investment Advisors LLC reduced its position in shares of HNI Co. (NYSE:HNI) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,046 shares of the business services provider’s stock after selling 1,766 shares during the quarter. Nisa Investment […]
HNI Co. (NYSE:HNI) CFO Marshall H. Bridges sold 4,383 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $32.35, for a total value of $141,790.05. Following the completion of the transaction, the chief financial officer now owns 72,287 shares of the company’s stock, valued […]
Summary La-Z-Boy’s retail focus could mean weakness in growth ahead. Although the company has had strong earnings growth, its free cash flow growth isn’t picking up. Combining the two could mean a slowdown in the near term that impacts both its shareholder return and acquisitions.
DUBUQUE, Iowa — Flexsteel Inds. reported second quarter 2023 (ending Dec. 31, 2022) revenues of $93.14 million besting analyst estimates of $89.53 million but still coming in at a a decrease of 34.3% from $141.7 million in the prior-year quarter. The company’s earnings per share was 8 cents per share, 5 cents better than analyst estimates. […]
Great West Life Assurance Co. Can raised its holdings in shares of Steelcase Inc. (NYSE:SCS) by 68.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,016 shares of the business services provider’s stock after buying an additional 7,345 […]
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