Why MillerKnoll Shares Are Rising Today

MillerKnoll, Inc. MLKN shares are trading higher today after the company reported better-than-expected second quarter earnings per share and sales results.

MillerKnoll reported adjusted diluted earnings per share of $0.46, which beat expectations of $0.42. The company reported net sales of $1.067 billion, which beat the estimate of $1.04 billion.

Andi Owen, President and CEO, stated “While economic uncertainty exists in some of our operating geographies, we remain confident in the resiliency of our collective of brands. MillerKnoll’s diverse channels and customer segments provide opportunities for growth and expansion.”

MillerKnoll Inc, formerly Herman Miller Inc. researches, designs, manufactures, sells, and distributes interior furnishings across the globe.

According to data from Benzinga Pro, the stock is up approximately 10% at $20.05 per share at the time of publication. MillerKnoll, Inc. has a 52-week high of $41.69 and a 52-week low of $15.54.