Latest news with #MillerKnoll
Yahoo
6 hours ago
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MillerKnoll Unveils New Chicago Flagship Experience at Design Days
ZEELAND, Mich., June 3, 2025 /PRNewswire/ -- MillerKnoll (NASDAQ:MLKN), a global leader in design, is introducing a new Chicago flagship location in time for Fulton Market Design Days taking place from June 9-11, 2025. Spanning eight floors and nearly 70,000 square feet of showroom and retail space between the existing building at 1100 West Fulton Market and a new location at 1144 West Fulton Market, MillerKnoll Fulton Market promises to be a place where creativity is sparked, ideas are exchanged, and innovation takes center stage. "At MillerKnoll, we're driven by the belief that great design should be both visionary and deeply functional. Each of our spaces is thoughtfully crafted to reflect the ways people work, gather, and create—offering real-world solutions through layered planning and purposeful design," said Andi Owen, CEO of MillerKnoll. "Through environments that bring our research and our collective of brands to life, we help our customers see what's possible. Building on the success of our Dallas, London, and New York City flagship locations, MillerKnoll Fulton Market continues that momentum as a destination for inspired, forward-thinking design." 1100 West Fulton MarketThe five-story building has been reimagined to feature an inspiring MillerKnoll welcome area with striking display walls and exhibition spaces showcasing MillerKnoll's design heritage, product innovation, and dynamic solutions. On the second floor, the new MillerKnoll Chicago workplace brings high-performance design to life with a range of settings that support focus, collaboration, and social connection, all informed by MillerKnoll's planning approach and realized with products from its collective. At 1100 West Fulton Market, Herman Miller and Knoll come together under one roof, offering a seamless journey across both contract showrooms. It also features showrooms for DatesWeiser and Geiger as well as a refreshed Herman Miller retail store with complimentary design services and personalized support to help customers discover the right solutions. A gallery-like, multibrand textiles experience rounds out the space, showcasing Edelman, Knoll Textiles, and Maharam in an inspiring, hands-on environment. 1144 West Fulton MarketThe new 21,000-square-foot, three-story building at 1144 West Fulton Market features contract showrooms for HAY, Muuto, and NaughtOne, a dedicated area for MillerKnoll's healthcare solutions, and a courtyard by Michael van Valkenburgh Associates, the renowned landscape architecture firm behind New York's Brooklyn Bridge Park and Chicago's Maggie Daley Park. This beautifully crafted outdoor space merges natural elements with contemporary elegance, creating a welcoming environment that enhances the visitor experience. 1144 West Fulton Market is also home to a new Design Within Reach (DWR) store located on the street level. The floor showcases brands from MillerKnoll's collective, including Herman Miller, Knoll, DWR Collection, HAY, and Muuto as well as a curation of modern brands from around the world, such as Ellison Studios, Louis Poulsen, Gubi, Flos, and Beni Rugs to name a few. "To understand MillerKnoll's place in Fulton Market is to understand the district's transformation from an industrial quarter to a design innovation hub," said Matthew Stares, Senior Vice President of Global Real Estate, Architecture, and Development at MillerKnoll. "As one of the original design tenants of Fulton Market, our goal has always been to shape—not just occupy—the neighborhood, helping to redefine it by capturing the essence of modern design and honoring its creative pioneers. And what better way to introduce our latest thinking than by welcoming our customers and the A&D community during Design Days?" Fulton Market Design Days – MillerKnoll Collective Highlights Across 1100 and 1144 West Fulton Market, MillerKnoll will host engaging events and exhibits, share insights, and collaborate with the design community and clients to address pressing questions around the future of workplace, healthcare, education, hospitality, and ancillary environments. The event will also feature several product launches from MillerKnoll's collective of brands. At 1100 West Fulton Market, Knoll will unveil Dividends Skyline, a refined, flexible, and holistically integrated system that reimagines the open-plan workplace, showcased in the new Knoll Chicago, now occupying the glass-walled pavilion on the third floor. With flexible open-plan layouts and dedicated collaboration zones, Skyline is expertly crafted for today's dynamic and compact office environments, setting a new standard for premier open-plan design. Herman Miller will showcase its performance seating lab, where experts help customers find their perfect fit, highlighting the importance of personalized comfort. The brand will also preview the Eames® Molded Plastic Dining Chair and commemorate the 75th anniversary of the iconic Eames® Shell Chair, both designed by Charles and Ray Eames. Geiger will preview Lijn by Carole Baijings Studio for Design—a minimalist piece that showcases Geiger's unparalleled woodcraft and effortlessly elevates any setting. Renowned for her color-centric practice, Baijings developed a distinctive stain color palette specifically for this chair. DatesWeiser will debut the JD Meeting Table, an expansion of their popular JD collection, and offer a first look at Ascent—a new conferencing line of tables and credenzas designed by EOOS. The sophisticated collection combines extensive customization options with seamless specification and is available in an array of shapes and sizes. Knoll Textiles will present reissued archival upholsteries—including Altiplano by Sheila Hicks, 1966—and an array of innovative window coverings. Maharam's offering comprises a range of products designed for reduced environmental impact, ongoing collaborations with designers Paul Smith and Sander Lak, reissues of designs by Alexander Girard, and rugs designed by new collaborator Edith van Berkel. At 1144 West Fulton Market, MillerKnoll's healthcare space will introduce Herman Miller's new Gemma Seating Family, designed to meet the needs of all individuals within a healthcare environment—from patients and their family members to dedicated healthcare providers. This thoughtfully crafted collection of recliners, a sleep chair, and sleep sofas blends modern aesthetics with user-friendly mechanisms, enhancing the comfort and functionality of healthcare spaces so that individuals can focus on what matters most during a significant time. DWR will welcome Design Days visitors to its new home. Taking a localized approach which reflects the surrounding neighborhood, the architecture and interiors complement the industrial character of the building, while evoking an open, welcoming residential feel reminiscent of loft living. Featuring warm and inspiring materials, the new space blends timeless design philosophies with contemporary solutions across expansive furniture, décor, and art assortments. Muuto's new showroom reimagines the workplace as a space for both community and contemplation. As a part of this vision, the brand will debut the Midst Conference Table and Linear System High Table in North America, signaling a continued evolution in flexible workspace design. Also on view: two new table modules for the Connect Modular Sofa and a first look at the Midst Table in marble, arriving September 2025. NaughtOne will debut Mimo, a low and loungey modular seating and table collection by Keiji Takeuchi, and Fin Lounge Chair from Dan Schofield, a contemporary take on 1960s space age design. Their gallery-inspired showroom features an installation exploring the imaginative possibilities of choice. Meanwhile, HAY will celebrate its first North American showroom, previewing several new designs including the Layout Chair by Julien Renault, the Amanta Sofa by Mario Bellini, Annex, a universal table collection by John Tree, and the O2 Lounge Chair and Ottoman by Jonas Forsman. Also making their North American debut are Traverse, an outdoor furniture collection by Erwan Bouroullec, and the X-Line Chair, a 1970s Danish design classic by Niels Jørgen Haugesen. For further information, including showroom locations and hours, please visit: Media Contactdwr@ About MillerKnollMillerKnoll is a global collective of design brands built on the foundation of two icons of modernism: Herman Miller and Knoll. The portfolio also includes furniture and accessories for commercial and residential spaces from Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman, Geiger, HAY, HOLLY HUNT, Knoll Textiles, Maharam, Muuto, NaughtOne, and Spinneybeck | FilzFelt. Guided by a shared purpose—design for the good of humankind—MillerKnoll generates insights, pioneers innovations, and champions ideas to better align spaces with how people live, work, and gather. In fiscal year 2024, the company generated net sales of $3.6 billion. For more information, visit View original content to download multimedia: SOURCE MillerKnoll Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
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Q1 Earnings Highlights: MillerKnoll (NASDAQ:MLKN) Vs The Rest Of The Office & Commercial Furniture Stocks
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at office & commercial furniture stocks, starting with MillerKnoll (NASDAQ:MLKN). The sector faces a tepid outlook as workplace dynamics continue to evolve. Hybrid work means that enterprise demand for office furniture is lower. Consumer demand for the same products likely will not offset the loss from enterprises, as individual workers tend to have less space and need for the sector's wares. The Trump administration also possesses a high willingness to impose tariffs on key partners, which could result in retaliatory actions, all of which could pressure those selling furniture that may feature components or labor from overseas. Lastly, the COVID-19 pandemic showed that there is always a risk that something disrupts supply chains, and companies need contingency plans for this. The 4 office & commercial furniture stocks we track reported a strong Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Created through the 2021 merger of industry icons Herman Miller and Knoll, MillerKnoll (NASDAQ:MLKN) designs, manufactures, and distributes interior furnishings for offices, healthcare facilities, educational settings, and homes worldwide. MillerKnoll reported revenues of $876.2 million, flat year on year. This print fell short of analysts' expectations by 4.6%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EPS guidance for next quarter estimates and full-year revenue guidance missing analysts' expectations. MillerKnoll delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 8.5% since reporting and currently trades at $16.78. Read our full report on MillerKnoll here, it's free. With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE:HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products. HNI reported revenues of $599.8 million, up 2% year on year, outperforming analysts' expectations by 3.3%. The business had a stunning quarter with a solid beat of analysts' EPS estimates. HNI pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 7.2% since reporting. It currently trades at $46.47. Is now the time to buy HNI? Access our full analysis of the earnings results here, it's free. Pioneering carbon-neutral flooring since its founding in 1973, Interface (NASDAQ:TILE) is a global manufacturer of modular carpet tiles, luxury vinyl tile (LVT), and rubber flooring that specializes in carbon-neutral and sustainable flooring solutions. Interface reported revenues of $297.4 million, up 2.6% year on year, in line with analysts' expectations. Still, its results were good as it locked in a solid beat of analysts' EPS estimates. Interestingly, the stock is up 7.1% since the results and currently trades at $20.15. Read our full analysis of Interface's results here. Founded in 1912 when metal office furniture was replacing wooden alternatives, Steelcase (NYSE:SCS) is a global office furniture manufacturer that designs and produces workplace solutions including desks, chairs, architectural products, and services. Steelcase reported revenues of $788 million, up 1.7% year on year. This print was in line with analysts' expectations. Overall, it was an exceptional quarter as it also logged an impressive beat of analysts' EPS estimates. The stock is down 3% since reporting and currently trades at $10.29. Read our full, actionable report on Steelcase here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
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3 Services Stocks in Hot Water
Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check, and over the past six months, the industry has tumbled by 9%. This drawdown was worse than the S&P 500's 1.9% decline. Investors should tread carefully as many of these companies are also cyclical, and any misstep can have you catching a falling knife. On that note, here are three services stocks that may face trouble. Market Cap: $1.15 billion Created through the 2021 merger of industry icons Herman Miller and Knoll, MillerKnoll (NASDAQ:MLKN) designs, manufactures, and distributes interior furnishings for offices, healthcare facilities, educational settings, and homes worldwide. Why Do We Steer Clear of MLKN? Customers postponed purchases of its products and services this cycle as its revenue declined by 7.8% annually over the last two years Performance over the past five years shows its incremental sales were much less profitable, as its earnings per share fell by 9.6% annually Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 4.7 percentage points At $17 per share, MillerKnoll trades at 6.9x forward P/E. Check out our free in-depth research report to learn more about why MLKN doesn't pass our bar. Market Cap: $239.4 billion With a corporate history spanning over a century and once known for its iconic mainframe computers, IBM (NYSE:IBM) provides hybrid cloud computing platforms, AI solutions, consulting services, and enterprise infrastructure to help businesses modernize their operations. Why Do We Pass on IBM? Sales tumbled by 1.3% annually over the last five years, showing market trends are working against its favor during this cycle Flat earnings per share over the last five years lagged its peers Underwhelming 11.4% return on capital reflects management's difficulties in finding profitable growth opportunities IBM's stock price of $263 implies a valuation ratio of 24.1x forward P/E. If you're considering IBM for your portfolio, see our FREE research report to learn more. Market Cap: $1.71 billion Pivoting from its origins in cryptocurrency mining to become a key player in the AI infrastructure boom, Applied Digital (NASDAQ:APLD) designs and operates specialized data centers that provide high-performance computing infrastructure for artificial intelligence and blockchain applications. Why Does APLD Worry Us? Historically negative EPS is a worrisome sign for conservative investors and obscures its long-term earnings potential Cash-burning history makes us doubt the long-term viability of its business model Unfavorable liquidity position could lead to additional equity financing that dilutes shareholders Applied Digital is trading at $7.58 per share, or 13.2x forward EV-to-EBITDA. To fully understand why you should be careful with APLD, check out our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
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Q1 Earnings Roundup: Steelcase (NYSE:SCS) And The Rest Of The Office & Commercial Furniture Segment
Looking back on office & commercial furniture stocks' Q1 earnings, we examine this quarter's best and worst performers, including Steelcase (NYSE:SCS) and its peers. The sector faces a tepid outlook as workplace dynamics continue to evolve. Hybrid work means that enterprise demand for office furniture is lower. Consumer demand for the same products likely will not offset the loss from enterprises, as individual workers tend to have less space and need for the sector's wares. The Trump administration also possesses a high willingness to impose tariffs on key partners, which could result in retaliatory actions, all of which could pressure those selling furniture that may feature components or labor from overseas. Lastly, the COVID-19 pandemic showed that there is always a risk that something disrupts supply chains, and companies need contingency plans for this. The 4 office & commercial furniture stocks we track reported a strong Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 2.4% on average since the latest earnings results. Founded in 1912 when metal office furniture was replacing wooden alternatives, Steelcase (NYSE:SCS) is a global office furniture manufacturer that designs and produces workplace solutions including desks, chairs, architectural products, and services. Steelcase reported revenues of $788 million, up 1.7% year on year. This print was in line with analysts' expectations, and overall, it was an exceptional quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EPS guidance for next quarter estimates. The stock is down 1.1% since reporting and currently trades at $10.49. Is now the time to buy Steelcase? Access our full analysis of the earnings results here, it's free. With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE:HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products. HNI reported revenues of $599.8 million, up 2% year on year, outperforming analysts' expectations by 3.3%. The business had a stunning quarter with a solid beat of analysts' EPS estimates. HNI delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 8.8% since reporting. It currently trades at $47.16. Is now the time to buy HNI? Access our full analysis of the earnings results here, it's free. Created through the 2021 merger of industry icons Herman Miller and Knoll, MillerKnoll (NASDAQ:MLKN) designs, manufactures, and distributes interior furnishings for offices, healthcare facilities, educational settings, and homes worldwide. MillerKnoll reported revenues of $876.2 million, flat year on year, falling short of analysts' expectations by 4.6%. It was a disappointing quarter with full-year revenue guidance missing analysts' expectations. MillerKnoll delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 7.3% since the results and currently trades at $17. Read our full analysis of MillerKnoll's results here. Pioneering carbon-neutral flooring since its founding in 1973, Interface (NASDAQ:TILE) is a global manufacturer of modular carpet tiles, luxury vinyl tile (LVT), and rubber flooring that specializes in carbon-neutral and sustainable flooring solutions. Interface reported revenues of $297.4 million, up 2.6% year on year. This print was in line with analysts' expectations. Overall, it was a strong quarter as it also logged a solid beat of analysts' EPS estimates and full-year revenue guidance slightly topping analysts' expectations. Interface achieved the fastest revenue growth and highest full-year guidance raise among its peers. The stock is up 9.1% since reporting and currently trades at $20.53. Read our full, actionable report on Interface here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
25-05-2025
- Business
- Yahoo
Don't Buy MillerKnoll, Inc. (NASDAQ:MLKN) For Its Next Dividend Without Doing These Checks
Readers hoping to buy MillerKnoll, Inc. (NASDAQ:MLKN) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company's books on the record date. Accordingly, MillerKnoll investors that purchase the stock on or after the 30th of May will not receive the dividend, which will be paid on the 15th of July. The company's upcoming dividend is US$0.1875 a share, following on from the last 12 months, when the company distributed a total of US$0.75 per share to shareholders. Based on the last year's worth of payments, MillerKnoll stock has a trailing yield of around 4.6% on the current share price of US$16.29. If you buy this business for its dividend, you should have an idea of whether MillerKnoll's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. MillerKnoll distributed an unsustainably high 174% of its profit as dividends to shareholders last year. Without more sustainable payment behaviour, the dividend looks precarious. A useful secondary check can be to evaluate whether MillerKnoll generated enough free cash flow to afford its dividend. Fortunately, it paid out only 41% of its free cash flow in the past year. It's good to see that while MillerKnoll's dividends were not covered by profits, at least they are affordable from a cash perspective. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Very few companies are able to sustainably pay dividends larger than their reported earnings. See our latest analysis for MillerKnoll Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with falling earnings are riskier for dividend shareholders. If earnings fall far enough, the company could be forced to cut its dividend. MillerKnoll's earnings per share have plummeted approximately 30% a year over the previous five years. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Since the start of our data, 10 years ago, MillerKnoll has lifted its dividend by approximately 3.0% a year on average. That's intriguing, but the combination of growing dividends despite declining earnings can typically only be achieved by paying out a larger percentage of profits. MillerKnoll is already paying out a high percentage of its income, so without earnings growth, we're doubtful of whether this dividend will grow much in the future. From a dividend perspective, should investors buy or avoid MillerKnoll? It's not a great combination to see a company with earnings in decline and paying out 174% of its profits, which could imply the dividend may be at risk of being cut in the future. Yet cashflow was much stronger, which makes us wonder if there are some large timing issues in MillerKnoll's cash flows, or perhaps the company has written down some assets aggressively, reducing its income. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being. Although, if you're still interested in MillerKnoll and want to know more, you'll find it very useful to know what risks this stock faces. Every company has risks, and we've spotted 4 warning signs for MillerKnoll (of which 1 is concerning!) you should know about. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
