Olaplex Acquired by Henkel, Stock Surges 48%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy MLKN?
Source: seekingalpha
- Acquisition Agreement: Olaplex Holdings has agreed to be acquired by Henkel AG for $2.06 per share in cash, valuing the deal at approximately $1.4 billion, with the acquisition price representing a 55% premium over the prior close, indicating strong market confidence in the transaction.
- Stock Surge: Following the acquisition announcement, Olaplex's stock surged 48% in premarket trading, reflecting investor confidence in the brand's continued independent operation and signaling market approval of Henkel's acquisition strategy.
- Earnings Miss: MillerKnoll reported Q3 results that fell short of expectations, with adjusted EPS of $0.43 and revenue of $926.6 million, both below consensus, leading to a 19% drop in stock price, highlighting the company's profitability challenges.
- Increased Legal Risks: Super Micro Computer's stock declined by 3% as investors reacted to a proposed class-action lawsuit alleging securities fraud for failing to disclose exposure to China-linked sales, which could impact the company's future compliance and market trust.
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Analyst Views on MLKN
About MLKN
MillerKnoll, Inc. is engaged in the research, design, manufacture, selling and distribution of seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services. Its segments include Americas Contract, International Contract & Specialty, and Global Retail. Americas Contract segment includes the operations associated with the design, manufacture and sale of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational environments throughout North and South America. International Contract & Specialty segment includes the operations associated with the design, manufacture and sale of furniture products, directly or indirectly through an independent dealership network in Europe, the Middle East, Africa and Asia-Pacific. Global Retail segment includes operations associated with the sale of modern design furnishings and accessories to third party retailers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MillerKnoll Reports Q3 Sales of $926.6 Million, Falling Short of IBES Estimate of $942 Million
- Sales Comparison: MillerKnoll reported Q3 sales of USD 926.6 million, which is lower than the estimated USD 942 million by Ibes.
- Financial Performance: The sales figures indicate a shortfall in expected revenue, highlighting potential challenges in the company's financial performance for the quarter.
See More
Olaplex Acquired by Henkel, Stock Surges 48%
- Acquisition Agreement: Olaplex Holdings has agreed to be acquired by Henkel AG for $2.06 per share in cash, valuing the deal at approximately $1.4 billion, with the acquisition price representing a 55% premium over the prior close, indicating strong market confidence in the transaction.
- Stock Surge: Following the acquisition announcement, Olaplex's stock surged 48% in premarket trading, reflecting investor confidence in the brand's continued independent operation and signaling market approval of Henkel's acquisition strategy.
- Earnings Miss: MillerKnoll reported Q3 results that fell short of expectations, with adjusted EPS of $0.43 and revenue of $926.6 million, both below consensus, leading to a 19% drop in stock price, highlighting the company's profitability challenges.
- Increased Legal Risks: Super Micro Computer's stock declined by 3% as investors reacted to a proposed class-action lawsuit alleging securities fraud for failing to disclose exposure to China-linked sales, which could impact the company's future compliance and market trust.
See More
MillerKnoll Q3 Earnings Miss Expectations
- Earnings Performance: MillerKnoll reported a Q3 non-GAAP EPS of $0.43, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The revenue of $926.6 million, up 5.8% year-over-year, fell short of the market expectation of $943.95 million, reflecting challenges from intensified market competition and demand fluctuations.
- Order Status: Total orders reached $931.6 million, a 9.2% increase, driven by growth in the North America Contract and Global Retail segments, indicating strong market demand in these areas.
- Future Outlook: The company projects Q4 FY2026 net sales between $955 million and $995 million, although below the consensus of $993.2 million, it still reflects a cautiously optimistic view on future growth.
See More
MillerKnoll Reports Q3 2026 Earnings Highlights
- Sustained Sales Growth: Despite ongoing macroeconomic and geopolitical uncertainties, MillerKnoll reported net sales of $927 million in Q3, a 5.8% year-over-year increase, demonstrating resilience in order growth and execution, with expectations to continue offsetting tariff costs.
- Retail Expansion: The Global Retail segment saw comparable sales increase by 5.5%, with North America up 3.9%, as the company plans to open 3 to 4 new locations before fiscal year-end, aiming to double the DWR Herman Miller store footprint in the coming years, enhancing market competitiveness.
- Strong Financial Performance: Adjusted earnings per share for Q3 were $0.43, with cash flow from operations at $61 million and a $41 million reduction in debt, lowering the debt-to-EBITDA ratio to 2.75x, showcasing effective financial management and stability.
- Cautious Outlook: While net sales for Q4 are expected to range between $955 million and $995 million, management remains concerned about cost pressures from the Middle East conflict, anticipating a direct impact of $8 million to $9 million on profits, reflecting a high level of vigilance towards external risks.
See More
MillerKnoll Earnings Decline Sparks 14% Drop
- MillerKnoll Earnings Report: MillerKnoll reported fiscal third-quarter adjusted earnings of 43 cents per share on revenue of $926.6 million, showing a 6% year-over-year revenue increase but a 2% decline in earnings, indicating pressure on profitability.
- Middle East Conflict Impact: The company warned of an expected $8 million to $9 million impact in the fourth quarter due to the Middle East conflict, stemming from reduced shipments to the region and increased logistics costs, which may further affect future performance.
- Karman Performance: Karman posted fiscal fourth-quarter adjusted earnings of 11 cents per share, falling short of the 12 cents expected by analysts, yet its revenue of $134.5 million exceeded the $132.6 million consensus, demonstrating resilience in the aerospace and defense sector.
- Worthington Steel Decline: Worthington Steel's adjusted earnings for the third quarter fell to 27 cents per share from 35 cents a year ago, leading to a 14% drop in share price, reflecting the profitability pressures and challenges faced in the steel industry.
See More
MillerKnoll Reports Q3 Fiscal 2026 Results
- Earnings Release: MillerKnoll Inc. reported its third-quarter fiscal 2026 results for the period ending February 28, 2026, highlighting growth potential in the industrial and consumer sectors, with detailed financial data available on the investor relations website.
- Conference Call Details: The company will hold a conference call and webcast at 5:00 PM Eastern Time, where participants can join via telephone by dialing +1 (646) 307-1963 or (800) 715-9871, using conference ID 7293220 to stay informed about financial performance.
- Webcast Archive: An online archive of the webcast will be available within 24 hours post-conference, allowing investors who missed the live event to access crucial information, thereby enhancing transparency and investor engagement.
- Brand Overview: MillerKnoll is a global collective of design brands founded on the legacy of Herman Miller and Knoll, committed to improving human living and working spaces through innovative design, showcasing its leadership in the industry.
See More
MillerKnoll Reports Q3 Sales of $926.6 Million, Falling Short of IBES Estimate of $942 Million
- Sales Comparison: MillerKnoll reported Q3 sales of USD 926.6 million, which is lower than the estimated USD 942 million by Ibes.
- Financial Performance: The sales figures indicate a shortfall in expected revenue, highlighting potential challenges in the company's financial performance for the quarter.
See More
Olaplex Acquired by Henkel, Stock Surges 48%
- Acquisition Agreement: Olaplex Holdings has agreed to be acquired by Henkel AG for $2.06 per share in cash, valuing the deal at approximately $1.4 billion, with the acquisition price representing a 55% premium over the prior close, indicating strong market confidence in the transaction.
- Stock Surge: Following the acquisition announcement, Olaplex's stock surged 48% in premarket trading, reflecting investor confidence in the brand's continued independent operation and signaling market approval of Henkel's acquisition strategy.
- Earnings Miss: MillerKnoll reported Q3 results that fell short of expectations, with adjusted EPS of $0.43 and revenue of $926.6 million, both below consensus, leading to a 19% drop in stock price, highlighting the company's profitability challenges.
- Increased Legal Risks: Super Micro Computer's stock declined by 3% as investors reacted to a proposed class-action lawsuit alleging securities fraud for failing to disclose exposure to China-linked sales, which could impact the company's future compliance and market trust.
See More
MillerKnoll Q3 Earnings Miss Expectations
- Earnings Performance: MillerKnoll reported a Q3 non-GAAP EPS of $0.43, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The revenue of $926.6 million, up 5.8% year-over-year, fell short of the market expectation of $943.95 million, reflecting challenges from intensified market competition and demand fluctuations.
- Order Status: Total orders reached $931.6 million, a 9.2% increase, driven by growth in the North America Contract and Global Retail segments, indicating strong market demand in these areas.
- Future Outlook: The company projects Q4 FY2026 net sales between $955 million and $995 million, although below the consensus of $993.2 million, it still reflects a cautiously optimistic view on future growth.
See More
MillerKnoll Reports Q3 2026 Earnings Highlights
- Sustained Sales Growth: Despite ongoing macroeconomic and geopolitical uncertainties, MillerKnoll reported net sales of $927 million in Q3, a 5.8% year-over-year increase, demonstrating resilience in order growth and execution, with expectations to continue offsetting tariff costs.
- Retail Expansion: The Global Retail segment saw comparable sales increase by 5.5%, with North America up 3.9%, as the company plans to open 3 to 4 new locations before fiscal year-end, aiming to double the DWR Herman Miller store footprint in the coming years, enhancing market competitiveness.
- Strong Financial Performance: Adjusted earnings per share for Q3 were $0.43, with cash flow from operations at $61 million and a $41 million reduction in debt, lowering the debt-to-EBITDA ratio to 2.75x, showcasing effective financial management and stability.
- Cautious Outlook: While net sales for Q4 are expected to range between $955 million and $995 million, management remains concerned about cost pressures from the Middle East conflict, anticipating a direct impact of $8 million to $9 million on profits, reflecting a high level of vigilance towards external risks.
See More
MillerKnoll Earnings Decline Sparks 14% Drop
- MillerKnoll Earnings Report: MillerKnoll reported fiscal third-quarter adjusted earnings of 43 cents per share on revenue of $926.6 million, showing a 6% year-over-year revenue increase but a 2% decline in earnings, indicating pressure on profitability.
- Middle East Conflict Impact: The company warned of an expected $8 million to $9 million impact in the fourth quarter due to the Middle East conflict, stemming from reduced shipments to the region and increased logistics costs, which may further affect future performance.
- Karman Performance: Karman posted fiscal fourth-quarter adjusted earnings of 11 cents per share, falling short of the 12 cents expected by analysts, yet its revenue of $134.5 million exceeded the $132.6 million consensus, demonstrating resilience in the aerospace and defense sector.
- Worthington Steel Decline: Worthington Steel's adjusted earnings for the third quarter fell to 27 cents per share from 35 cents a year ago, leading to a 14% drop in share price, reflecting the profitability pressures and challenges faced in the steel industry.
See More
MillerKnoll Reports Q3 Fiscal 2026 Results
- Earnings Release: MillerKnoll Inc. reported its third-quarter fiscal 2026 results for the period ending February 28, 2026, highlighting growth potential in the industrial and consumer sectors, with detailed financial data available on the investor relations website.
- Conference Call Details: The company will hold a conference call and webcast at 5:00 PM Eastern Time, where participants can join via telephone by dialing +1 (646) 307-1963 or (800) 715-9871, using conference ID 7293220 to stay informed about financial performance.
- Webcast Archive: An online archive of the webcast will be available within 24 hours post-conference, allowing investors who missed the live event to access crucial information, thereby enhancing transparency and investor engagement.
- Brand Overview: MillerKnoll is a global collective of design brands founded on the legacy of Herman Miller and Knoll, committed to improving human living and working spaces through innovative design, showcasing its leadership in the industry.
See More
