MillerKnoll reports solid quarterly figures and optimistic forecasts

The Zeeland, Michigan-based furniture manufacturer MillerKnoll achieved a net profit of $20.2 million in the first quarter of its fiscal year. This corresponds to a profit of 29 cents per share. Taking into account one-time gains and expenses, adjusted earnings amounted to 45 cents per share. With a revenue of $955.7 million, the company exceeded analysts' expectations. For the current quarter ending in November, MillerKnoll forecasts a profit of 38 to 44 cents per share. Furthermore, the company expects revenue in the second quarter to be between $926 million and $966 million. These optimistic figures reflect a positive business environment and a strong market position for MillerKnoll in the highly competitive furniture market.