Water Tower Research Publishes Initiation of Coverage Report on MillerKnoll, Inc. (NASDAQ: MLKN) Titled “Initiating Coverage: Two Storied Companies Combine – An In-Depth Examination of Herman Miller and Knoll, Together as MillerKnoll”
June 27, 2022, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on MillerKnoll, Inc. (NASDAQ: MLKN) titled, “Initiating Coverage: Two Storied Companies Combine – An In-Depth Examination of Herman Miller and Knoll, Together as MillerKnoll”. The report can be accessed here.
Today, Water Tower Research, a rapidly growing investor engagement and investor communication firm, introduces formal research coverage of MillerKnoll. Headquartered in Zeeland, Michigan, MillerKnoll is the surviving company of the combination of Herman Miller and Knoll, Inc., effective on July 19, 2021, when Herman Miller completed the acquisition of Knoll. Measured by trailing four-quarter revenues, MillerKnoll is the world’s largest commercial/contract furniture company. MillerKnoll trades on the NASDAQ under the ticker MLKN.
Budd Bugatch, CFA and Senior Analyst, and head of Water Tower’s Consumer Research, authored an
89-page Initiation of Coverage Report, available at no cost on The Water Tower Research website. Water Tower employs an open-access model to reports, notes, and other content that its nine experienced analysts create. To access the MillerKnoll report, click on the website, register, and download the report.
In talking about MillerKnoll and the report, Bugatch commented, “I am pleased to begin formally covering MillerKnoll. Before I retired from my predecessor firm, I had the privilege of covering Herman Miller and Knoll for more than two decades. Each company has a storied and impressive history. When the companies jointly announced plans to combine in April 2021, it shocked the commercial/contract furniture industry because it busted the myth that contended that two major participants in the industry would or could ever combine. In this report, we review the history of each company, assess the economic promise of the combination, and provide forward estimates and financial models for the next few quarters and years. We emphasize that investors and observers should take note of an important MillerKnoll strategic pivot. It reaches domestic and overseas consumers through retail stores, designer showrooms, and e-commerce-enabled websites in its Design Within Reach, Holly Hunt, HAY, Muuto, Herman Miller, and Knoll businesses. Moreover, in combining, MillerKnoll has a wide variety of brands and furnishings products of modern styling that its leaders believe improve people’s lives. In publishing this initiation, our goal is to provide readers a resource to become informed about the company, its markets, and prospects.”
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