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MILLERKNOLL (MLKN)

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Earnings summaries and quarterly performance for MILLERKNOLL.

Recent press releases and 8-K filings for MLKN.

MillerKnoll Reports Q2 2026 Results and Provides Q3 2026 Guidance
MLKN
Earnings
Guidance Update
New Projects/Investments
  • MillerKnoll reported Q2 2026 adjusted earnings per share of $0.43, exceeding expectations, with consolidated net sales of $955 million and orders growing 5.5% year-over-year to $973 million.
  • For Q3 2026, the company expects net sales to range between $923 million and $963 million and adjusted diluted earnings between $0.42 and $0.48 per share.
  • The global retail segment saw orders increase 6% year-over-year, with North America retail orders up 8% and comparable sales also up 8%. MillerKnoll opened four new stores in Q2 and plans to open a total of 14-16 new stores in the US for the full fiscal year.
  • The company generated $65 million in operating cash flow and ended Q2 with $548 million in liquidity, maintaining a net debt-to-EBITDA ratio of 2.87 times. Management aims for a midterm target of 2 to 2.5 turns for this ratio.
  • MillerKnoll expects $10 million in annual run rate savings by fiscal 2028 from the consolidation of its Muskegon, Michigan facility and anticipates proactive tariff mitigation actions to fully offset tariff impacts in the second half of the fiscal year.
Dec 17, 2025, 10:00 PM
MillerKnoll Reports Q2 2026 Results and Provides Q3 Guidance
MLKN
Earnings
Guidance Update
New Projects/Investments
  • MillerKnoll reported Q2 2026 adjusted earnings per share of $0.43, exceeding expectations, on consolidated net sales of $955 million (down 1.6% year-over-year). Orders for the quarter grew 5.5% to $973 million, reflecting strong momentum across all segments.
  • For Q3, the company projects net sales between $923 million and $963 million, representing a 7.6% increase at the midpoint year-over-year, and adjusted diluted earnings per share between $0.42 and $0.48.
  • The global retail segment saw net sales up 4.7% and orders up 6% year-over-year, with North America retail orders and comparable sales both up 8%. MillerKnoll opened four new stores in Q2 and plans to open 14-16 new stores for the full fiscal year, with incremental operating expenses of $5 million-$6 million expected in Q3 and Q4 for these new locations.
  • The company generated $65 million in operating cash flow, ended Q2 with $548 million in liquidity, and maintains a net debt-to-EBITDA ratio of 2.87x. A facility consolidation is expected to deliver $10 million in annual run rate savings by fiscal 2028.
Dec 17, 2025, 10:00 PM
MillerKnoll Announces Q2 FY26 Results and Q3 FY26 Guidance
MLKN
Earnings
Guidance Update
Demand Weakening
  • MillerKnoll reported Q2 FY26 net sales of $955.2 million, a 1.6% decrease from the prior year, while orders increased 5.5% to $972.5 million.
  • For Q2 FY26, the company achieved an adjusted gross margin of 39.0% and adjusted earnings per share of $0.43.
  • The company's net debt to EBITDA ratio stood at 2.87x in Q2 FY26, with $1,321 million in long-term debt and $180 million in cash.
  • MillerKnoll provided Q3 FY26 revenue guidance of $923 million to $963 million and adjusted diluted earnings per share guidance of $0.42 to $0.48.
Dec 17, 2025, 10:00 PM
MillerKnoll Reports Q2 2026 Results and Provides Q3 Guidance
MLKN
Earnings
Guidance Update
New Projects/Investments
  • MillerKnoll reported Q2 2026 adjusted earnings per share of $0.43, exceeding expectations, with consolidated net sales of $955 million and orders growing 5.5% year-over-year to $973 million.
  • For Q3 2026, the company projects net sales between $923 million and $963 million and adjusted diluted earnings per share between $0.42 and $0.48.
  • The Global Retail segment demonstrated strong performance with orders up 6% and sales up 4.7% year-over-year, driven by strategic initiatives including the opening of four new stores in Q2 and a plan for 14-16 new stores in the full fiscal year.
  • The contract businesses are experiencing building momentum, particularly in North America and internationally, positively impacted by the return-to-office trend and increased demand for commercial real estate and design services.
  • The company is implementing operational efficiencies, including the consolidation of its Muskegon, Michigan facility, which is expected to deliver $10 million in annual run rate savings by fiscal 2028.
Dec 17, 2025, 10:00 PM
MillerKnoll Reports Second Quarter Fiscal 2026 Results
MLKN
Earnings
Guidance Update
New Projects/Investments
  • MillerKnoll, Inc. reported net sales of $955.2 million for the second quarter of fiscal year 2026, a 1.6% decrease year-over-year, while orders increased by 5.5% to $972.5 million.
  • Diluted earnings per share for Q2 Fiscal 2026 were $0.35, and adjusted diluted earnings per share were $0.43.
  • The company generated $64.6 million in cash flow from operations during the second quarter of fiscal 2026 and reported $548.3 million in liquidity as of November 29, 2025.
  • For the third quarter of fiscal 2026, MillerKnoll anticipates net sales between $923 million and $963 million and adjusted diluted earnings per share of $0.42 to $0.48.
Dec 17, 2025, 9:08 PM
MillerKnoll Reports Strong Q1 Fiscal 2026 Results, Provides Q2 Guidance, and Announces Leadership Changes
MLKN
Earnings
Guidance Update
Management Change
  • MillerKnoll reported Q1 fiscal 2026 adjusted earnings of $0.45 per share, a 25% increase year-over-year, and consolidated net sales of $956 million, up 10.9% on a reported basis, significantly exceeding expectations.
  • For Q2 fiscal 2026, the company expects net sales between $926 million and $966 million and adjusted diluted earnings per share between $0.38 and $0.44.
  • Leadership changes include the promotion of Jeff Stutz to Chief Operating Officer and the appointment of Kevin Veltman as Interim Chief Financial Officer.
  • New orders in Q1 were $885 million, down 5.4% reported, primarily due to a $55 million to $60 million order pull-forward into Q4 fiscal 2025; normalized order growth for the combined Q4 FY25 and Q1 FY26 period was 3.3%.
  • The company is aggressively expanding its global retail segment, opening four new stores in Q1 and planning 12 to 15 new stores for the full fiscal year, which, along with tariff impacts, is affecting retail operating margins.
Sep 23, 2025, 9:00 PM
MILLERKNOLL Reports Q1 FY26 Results
MLKN
Earnings
Guidance Update
Demand Weakening
  • MILLERKNOLL reported Q1 FY26 net sales of $955.7 million, an increase of 10.9% from the prior year, while orders decreased 5.4% to $885.4 million, primarily due to an estimated $55 million to $60 million in order pull-forward in the fourth quarter of fiscal 2025.
  • Adjusted diluted earnings per share for Q1 FY26 rose to $0.45, compared to $0.36 in Q1 FY25.
  • The company's Adjusted Gross Margin for Q1 FY26 was 38.5%, and the Adjusted Operating Margin was 6.3%.
  • As of Q1 FY26, MILLERKNOLL held $167 million in cash and had $1,328 million in long-term debt, with a Net Debt to EBITDA Ratio of 2.92x. The company expects FY 2026 capital expenditures to be between $120 million and $130 million.
Sep 23, 2025, 9:00 PM
MillerKnoll Reports Q1 Fiscal 2026 Results and Provides Q2 Outlook
MLKN
Earnings
Guidance Update
Debt Issuance
  • MillerKnoll reported net sales of $955.7 million for the first quarter of fiscal 2026, an increase of 10.9% year-over-year.
  • Diluted earnings per share (EPS) was $0.29, while adjusted diluted EPS rose 25.0% year-over-year to $0.45.
  • Orders for the quarter totaled $885.4 million, a 5.4% decrease year-over-year, primarily due to order pull-forward in the fourth quarter of fiscal 2025.
  • The company generated $9.4 million in cash flow from operations and maintained $480.5 million in liquidity as of August 30, 2025.
  • For the second quarter of fiscal 2026, MillerKnoll expects net sales to range from $926 million to $966 million and adjusted diluted EPS to be between $0.38 and $0.44.
Sep 23, 2025, 8:08 PM
MillerKnoll Enters into Receivables Sale and Credit Agreements
MLKN
Debt Issuance
New Projects/Investments
  • MillerKnoll, Inc. entered into a Receivables Sale Agreement and a Credit and Security Agreement on September 10, 2025.
  • The Credit and Security Agreement, with Wells Fargo Bank, National Association as Administrative Agent, establishes a $90,000,000 Facility Limit for MillerKnoll Receivables, LLC, a wholly-owned subsidiary of MillerKnoll, Inc..
  • MillerKnoll, Inc. also provided a Performance Undertaking in favor of Wells Fargo Bank, National Association, dated September 10, 2025.
  • The company reported no Material Adverse Effect since June 1, 2024.
Sep 12, 2025, 8:06 PM
MillerKnoll, Inc. Amends Credit Agreement for New Term B Facility
MLKN
Debt Issuance
  • MillerKnoll, Inc. filed an 8-K on August 11, 2025, announcing an Amendment No. 4 to its Credit Agreement, which became effective on August 7, 2025.
  • This amendment establishes a new 2025 Term B Facility Commitment totaling $550,000,000.00.
  • Wells Fargo Bank National Association is the sole lender for the $550,000,000.00 2025 Term B Facility Commitment.
  • The 2025 Term B Facility Maturity Date is the seventh anniversary of the Amendment No. 4 Effective Date, which is August 7, 2032.
Aug 11, 2025, 12:00 AM