In today’s briefing:
- MillerKnoll, Inc: Revised Revenue, EPS Estimates
- New Corporate Value Up Plans of POSCO Holdings and POSCO International
MillerKnoll, Inc: Revised Revenue, EPS Estimates
- MLKN posted 2QFY25 adjusted EPS of $0.55 on better-than- expected revenue (+$15 million versus our estimate), with Americas Contract and Global Retail both showing strength despite industry headwinds, while the normally ‘lumpier’ International Contract was affected by uneven demand across regions.
- We reviewed the quarterly results in our summary note.
- In the critical Americas Contract segment, leading indicators continue to suggest an improving demand picture.
New Corporate Value Up Plans of POSCO Holdings and POSCO International
- Both POSCO Holdings (005490 KS) and Posco International Corporation (047050 KS) provided solid, new Corporate Value Up reports.
- However, POSCO International’s plan is much better. POSCO International plans to provide total shareholder returns of 50% which is more than double of its previous total shareholder return plan.
- This sharp increase in shareholder returns is likely to lead to share outperformance of POSCO International relative to the market in the next several months.
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