ZEELAND, Mich. – Contract furniture giant MillerKnoll reported third quarter sales of $984.7 million, a decline of 4.4% over last year and a nearly 8% dip from last quarter.
Orders in the quarter hit $885.4 million, down 19.2% over same period last year. Consolidated operating expenses for the quarter were $314.4 million, compared with $310.3 million in the prior year.
GRAND RAPIDS, Mich., March 22, 2023 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $801.7 million, net income of $15.7 million, or $0.13 per share, and adjusted earnings per share of $0.19. In the prior year, Steelcase reported revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share, and had $0.01 adjusted earnings per share
Mumbai, Maharashtra, India – Business Wire India Steelcase, a global leader in the office furniture industry and innovative workspace solutions, announces Women of Steel, an initiative launched by Steelcase India Manufacturing plant, Pune to attract more women to the workforce. The programme has increased the number of women at the plant from 10% in early 2021 to 60% now.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
Marshall Wace LLP increased its holdings in La-Z-Boy Incorporated (NYSE: LZB) during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission (SEC).
The company spent approximately $5,078,000 to purchase 224,950 shares of stock.
This brings the total number of shares owned by the company to 537,500.
MillerKnoll (NASDAQ:MLKN) is set to post its quarterly earnings results after the market closes on Wednesday, March 22nd. MillerKnoll has set its Q3 2023 guidance at $0.40-$0.46 EPS and its Q3 guidance at $0.40-0.46 EPS.Investors interested in registering for the company’s conference call can do so using this link.
MONROE, Mich., March 14, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Chief Financial Officer, will present at the Sidoti Small-Cap Conference, on Thursday, March 23, 2023, at 2:30 p.m. Eastern. The presentation will be webcast live and will be archived for 90 days. It will be available at https://lazboy.gcs-web.com/.
ZEELAND — MillerKnoll is teaming up with customer data platform Amperity to boost its data strategy.
The Zeeland-based office furniture manufacturer has selected Amperity to help maximize its omnichannel data and reach more customers through personalized experiences.
Amperity offers a unified view for companies to understand data across all touchpoints. The platform has been used by brands such as Kroger, Planet Fitness, Under Armour, Lucky Brand, Alaska Airlines and Wyndham Hotels & Resorts.
The most recent document filed with the SEC indicates that Petrus Trust Company LTA completed the acquisition of MillerKnoll, INC (NASDAQ: MLKN) during the third quarter of this year.
The institutional investor spent nearly $188,000 to purchase 12,035 shares of the company’s stock, bringing the total amount spent to approximately $188,000.
According to the most recent disclosure by Steelcase INC (NYSE: SCS) with the Securities and Exchange Commission (SEC), Boothbay Fund Management LLC bought new company shares during the third quarter.
The institutional investor purchased 24,330 shares of the company’s stock for approximately $159,000 to complete the transaction.
In a separate report distributed on November 29th, Benchmark downgraded Steelcase from a “buy” recommendation to a “hold” rating.
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