MillerKnoll posts weakest Q1 guidance among business services and supplies stocks

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2▲2 ▼1Impact / 5
Summary · why it matters

MillerKnoll reported first-quarter revenues of $926.6 million, up 5.8% year on year but missing analyst expectations by 1.6%, making it the weakest performer in a group of 20 tracked business services and supplies stocks. The company also significantly missed earnings per share estimates and provided the weakest guidance update of the entire group. In contrast, Brady delivered the strongest results with revenues of $435.2 million, a 13.8% increase that beat expectations by 7.2%, while CECO Environmental posted a 16.5% revenue gain to $205.9 million and raised its full-year outlook. Overall, the sector saw revenues beat consensus estimates by 2.4% and share prices rise an average of 10.6% since the latest earnings reports.

Impact on assets 5

Industrials± Mixed · 4 stocks
MillerKnoll Inc
MLKN
▼ NegativeCapitalrelevance

MillerKnoll missed revenue and earnings estimates and provided the weakest guidance in the group.

Brady Corporation
BRC
▲ PositiveCapitalrelevance

Brady delivered the strongest results in the sector, beating revenue expectations by 7.2%.

Climate Adaptation & Water▲ · 1 stocks