MillerKnoll Q1 2023 Results: EPS Beats Expectations, Revenue Lags
MillerKnoll (NASDAQ:MLKN) First Quarter 2023 Results
Main financial results
- Revenue: $1.08 billion (up 37% compared to 1Q 2022).
- Net profit: $25.8 million (compared to a loss of $61.4 million in 1Q 2022).
- Profit margin: 2.4% (up from the net loss in 1Q 2022).
- EPS: 0.34 USD (against a loss of 0.93 USD in 1Q 2022).
All figures shown in the table above are for the 12 month period (TTM)
MillerKnoll EPS Exceeds Expectations, Revenues Fall Short
Revenue beat analysts’ estimates by 1.3%. Earnings per share (EPS) exceeded analysts’ estimates by 29%.
Looking ahead, revenue is expected to grow by an average of 3.2% per year over the next 3 years, compared to a growth forecast of 6.5% for the business services industry in the United States.
Performance of the American business services industry.
Shares of the company rose 2.0% from a week ago.
You should find out about the 3 warning signs we spotted some with MillerKnoll (including 2 that are significant).
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