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MillerKnoll Inc
NASDAQ:MLKN

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MillerKnoll Inc
NASDAQ:MLKN
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Price: 16.66 USD 0.6% Market Closed
Market Cap: 1.1B USD

MillerKnoll Inc
Investor Relations

MillerKnoll Inc., born from the merger of two iconic companies—Herman Miller and Knoll—represents a powerhouse in the world of design and furniture manufacturing. Rooted in a shared legacy of innovation, the company has cleverly positioned itself at the intersection of timeless design and cutting-edge technology. With a focus on creating high-quality office and home furnishings, MillerKnoll meets the evolving demands of a hybrid work environment, integrating ergonomics and sustainability into its product offerings. Driven by a design ethos that combines aesthetics with functionality, the company collaborates with top-tier designers and leverages a vast portfolio of modern classics and contemporary pieces to capture a diverse customer base.

Financially, MillerKnoll operates through a multi-channel distribution strategy that encompasses both direct-to-consumer sales and a robust network of dealers and retail partners. The company's revenue streams flourish from not only individual consumers but also large-scale commercial clients, including corporations, hotels, and educational institutions. By integrating advanced digital platforms, MillerKnoll facilitates custom design consultations and furnishes an e-commerce experience that extends its global reach. In addition, its commitment to sustainability and innovative design propels it to maintain competitive advantages in the fast-paced furniture industry, ultimately fostering steady financial growth and reinforcing its reputation as a leader in the furniture market.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Sep 23, 2025
AI Summary
Q1 2026

Strong Results: MillerKnoll significantly outperformed expectations in Q1, with net sales up nearly 11% and adjusted EPS up 25% year-over-year.

Revenue Beat: Q1 net sales reached $956 million, well above the midpoint of guidance.

Profitability: Adjusted EPS was $0.45, also beating guidance and up 25% from last year.

Gross Margin: Gross margin improved to 38.5%, despite $8 million in tariff-related impacts.

Outlook: Q2 net sales are expected between $926 million and $966 million, with gross margin guidance of 37.6% to 38.6%.

Retail Expansion: The company opened four new stores in Q1 and plans to open 12 to 15 new stores in fiscal 2026.

Order Dynamics: Q1 orders were down 5.4%, as expected, due to pull-forward activity from Q4 related to tariffs and pricing actions.

Tariff Mitigation: Management expects pricing actions to fully offset tariff costs by the second half of the year.

Key Financials
Net Sales
$956 million
Adjusted EPS
$0.45
Gross Margin
38.5%
Consolidated Orders
$885 million
Backlog
$691 million
North America Contract Net Sales
$534 million
North America Contract New Orders
$492 million
North America Contract Operating Margin
10.7%
International Contract Net Sales
$168 million
International Contract New Orders
$155 million
International Contract Operating Margin
8.1%
Global Retail Net Sales
$254 million
Global Retail New Orders
$239 million
Global Retail Operating Margin
0.6%
Cash Flow from Operations
$9 million
Liquidity
$481 million
Net Debt-to-EBITDA Ratio
2.92 turns
Earnings Call Recording
Other Earnings Calls

Management

Ms. Andrea R. Owen
President, CEO & Director
No Bio Available
Mr. Jeffrey M. Stutz
Chief Financial Officer
No Bio Available
Mr. John P. Michael
President of America Contract
No Bio Available
Mr. Christopher M. Baldwin
Group President
No Bio Available
Mr. Richard Scott
Chief Manufacturing & Operations Officer
No Bio Available
Ms. Jacqueline Hourigan Rice
General Counsel & Corporate Secretary
No Bio Available
Mr. Timothy C. Straker
Chief Marketing Officer & Communication Officer
No Bio Available
Mr. Bruce Benedict Watson
Chief Creative & Product Officer
No Bio Available
Mr. Benjamin P.T. Groom
President of International Contract
No Bio Available
Mr. Kevin J. Veltman
VP of Investor Relations & Treasurer
No Bio Available

Contacts

Address
MICHIGAN
Zeeland
855 E Main Ave, Po Box 302
Contacts
+16166543000.0
hermanmiller.com