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Millerknoll spokesperson comments on Ottawa County Board’s move to dissolve DEI office

8 January, 2023

A spokesperson from the second largest employer in Ottawa County, MillerKnoll, which is based in Zeeland, commented on the Ottawa County Board of Commissioners’ move to dissolve the county’s Office of Diversity, Equity and Inclusion.

“Diversity, equity and inclusion are central to our corporate values at MillerKnoll. As one of the largest employers in Ottawa County, we count on our local leaders to advocate for a diverse, inclusive, and prosperous environment where our current and future employees and their families feel like they belong,” according to the MillerKnoll spokesperson.

 

 

 

Three-Year Loss For MillerKnoll Shareholders Driven By Shrinking Earnings

4 January, 2023

MillerKnoll, Inc. (NASDAQ:MLKN) shareholders should be happy to see the share price up 19% in the last quarter. But that doesn’t help the fact that the three year return is less impressive. In fact, the share price is down 48% in the last three years, falling well short of the market return.

The recent uptick of 3.8% could be a positive sign of things to come, so let’s take a look at historical fundamentals.

 

 

 

Affordable Office Interiors names new president

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Roselle, IL – Affordable Office Interiors, a 100% ESOP, full-service office furniture dealership, announced the promotion of Jessica Platt to president.

Platt started with AOI, in Madison, Wisconsin as a showroom manager and designer in November of 2010. She quickly demonstrated organizational, sales and leadership qualities that developed into numerous promotions throughout her career. She cultivated and nurtured the largest clients for AOI, while managing teams in Madison, Milwaukee and ultimately Illinois, culminating in her well-deserved promotion to president in January of 2023.

 

 

 

MillerKnoll, Inc. (NASDAQ:MLKN) Short Interest Up 21.2% in December

1 January, 2023

MillerKnoll, Inc. (NASDAQ:MLKN) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,340,000 shares, an increase of 21.2% from the November 30th total of 3,580,000 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 3.5 days.

 

 

 

 

 

 

 

 

MillerKnoll : Herman Miller Named a Frontrunner and Disclosure Leader in Chemical Transparency

28 December, 2022

Herman Miller, a member of MillerKnoll’s collective of brands, was named a Frontrunner and Disclosure Leader in the Chemical Footprint Project (CFP), by Clean Production Action in December 2022 for its work in 2021. The CFP is the first-of-its-kind initiative to measure chemical footprints and assess business progress away from hazardous chemicals to safer solutions.

 

 

 

 

 

 

MillerKnoll, Steelcase expect flat to lower sales this quarter as order rates soften

22 December, 2022

MillerKnoll Inc. and Steelcase Inc. both expect flat to lower sales for the present quarter going into 2023 amid softer order rates.

The Zeeland-based MillerKnoll (Nasdaq: MLKN) expects organic sales for the second quarter of the 2023 fiscal year to decrease 0.7 percent to 2.9 percent from the same period a year ago, to $980 million to $1.02 billion.

MillerKnoll on Wednesday reported $1.06 billion in sales for the quarter that ended Dec. 6, a 4-percent increase from a year earlier. The corporation recorded $16 million in net income, or 21 cents per diluted share.

 

 

 

MillerKnoll, Inc. Reports Second Quarter Fiscal 2023 Results

21 December, 2022

ZEELAND, Mich.Dec. 21, 2022 /PRNewswire/ —

  • Sales growth of 4% over the prior year, up 8% organically
  • Year-over-year operating margin expansion in the Americas Contract and International Contract & Specialty segments
  • Continued progress with the integration of Knoll
    • $101 million of run-rate cost synergies captured to date
    • Increased targeted run-rate cost synergies from $120 million to $140 million within three years of the Knoll acquisition

 

 

 

MillerKnoll (MLKN) Set to Announce Earnings on Wednesday

20 December, 2022

MillerKnoll (NASDAQ:MLKN) will post its quarterly earnings results on Wednesday, December 21st. MillerKnoll has set its Q2 guidance at $0.39-0.45 EPS.

 

 

MillerKnoll, Inc. Reports Fourth Quarter Fiscal 2022 Results

Wednesday, 29 June, 2022

  • Strong sales growth of 77% over the prior year, up 23% organically
  • Sequential operating margin improvement of 230 basis points
  • Continued progress with the integration of Knoll
    • 66 million of run-rate cost synergies captured to date
    • Company remains confident in ability to deliver $120 million of run-rate cost synergies within three years of closing
  • Formal launch of the contract dealer network in North America positions MillerKnoll (NASDAQ: MLKN) for future growth