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Investing.com - Benchmark has reiterated its Hold rating on MillerKnoll (NASDAQ:MLKN) following the company’s first-quarter fiscal 2026 results released Tuesday. According to InvestingPro data, the company maintains a Fair market valuation, with a solid financial health score of 2.05 out of 5.
MillerKnoll reported quarterly results that exceeded Wall Street expectations across revenue, EBITDA, and earnings per share metrics. The company demonstrated sales growth across all three of its business segments during the period, building on its impressive 5.37% revenue growth over the last twelve months. InvestingPro analysis reveals the company’s strong liquidity position, with a current ratio of 1.67 and liquid assets exceeding short-term obligations.
The furniture maker achieved greater fixed cost leverage during the quarter, with volume improvements in both North America and International Contract segments offsetting investments in Retail expansion, according to Benchmark.
Management’s second-quarter fiscal 2026 guidance aligned with consensus estimates, with the company noting that volatility in order patterns shows signs of normalizing after recent disruptions related to tariffs and comparisons.
Benchmark maintained its fiscal 2025 and 2026 EPS estimates at $1.75 and $2.00 respectively, though the firm indicated potential upside exists if volume growth exceeds their modest forecast as the year progresses.
In other recent news, MillerKnoll Inc. announced its fiscal first-quarter earnings for 2026, which exceeded Wall Street expectations. The company reported an adjusted earnings per share (EPS) of $0.45, surpassing the forecasted $0.34. Revenue also outperformed projections, reaching $956 million compared to the anticipated $910.97 million. Despite these positive financial results, MillerKnoll’s stock experienced a decline of 4.72% by the close of trading, although it showed a slight recovery in after-hours trading. These developments are part of the latest series of updates concerning the company. No additional information regarding mergers or acquisitions was provided. Analyst actions or other company news were not reported in the recent updates.
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