Earnings summaries and quarterly performance for MILLERKNOLL.
Executive leadership at MILLERKNOLL.
Andi R. Owen
Detailed
President and Chief Executive Officer
CEO
B. Ben Watson
Detailed
Chief Creative and Product Officer
Debbie F. Propst
Detailed
President, Global Retail
Jacqueline H. Rice
Detailed
Chief Legal Officer and Corporate Secretary
Jeff Stutz
Detailed
Chief Operating Officer
John P. Michael
Detailed
President, North America Contract
Kevin Veltman
Detailed
Chief Financial Officer
Megan C. Lyon
Detailed
Chief Strategy and Technology Officer
Board of directors at MILLERKNOLL.
Research analysts who have asked questions during MILLERKNOLL earnings calls.
Reuben Garner
Stifel
8 questions for MLKN
Also covers: BCC, BECN, BLD +12 more
Brian Gordon
Water Tower Research
4 questions for MLKN
Also covers: BSET, CULP, HNI +2 more
Douglas Lane
Water Tower Research
4 questions for MLKN
Also covers: AOUT, BBW, BSET +8 more
Greg Burns
Sidoti & Company, LLC
4 questions for MLKN
Also covers: BKSY, HNI, PLUS +1 more
Gregory Burns
Sidoti & Company
4 questions for MLKN
Also covers: ACCO, ALG, ATNI +13 more
Alex Fuhrman
Craig-Hallum Capital Group LLC
3 questions for MLKN
Also covers: APYX, ATER, BNED +21 more
Recent press releases and 8-K filings for MLKN.
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
MillerKnoll Updates Credit Facilities and Amends Credit Agreement
MLKN
Debt Issuance
M&A
- MillerKnoll, Inc. (formerly Herman Miller, Inc.) issued an 8-K on April 17, 2025, outlining amendments to its credit agreement, including updates to its revolving and term loan facilities with aggregate commitments of $725 million and $400 million, respectively.
- The filing details installment schedules for the repayment of Term A loans with specific payment dates and amounts, as part of the revised credit facility terms.
- It also includes provisions for incremental funding linked to adjusted consolidated EBITDA and outlines key conditions and covenants related to credit events and representations.
Apr 21, 2025, 12:00 AM
MillerKnoll Inc Reports Q3 2025 Results and Strategic Re-segmentation
MLKN
Earnings
Guidance Update
Share Buyback
- Resegmentation Announcement: The company recast its segment financials from fiscal 2023 onward and now reports in three segments—North America Contract, International Contract, and Global Retail—to better align growth strategies.
- Q3 Financial Performance: Q3 2025 net sales reached $876M, with adjusted earnings of $0.44 per share, supported by actions such as repurchasing 786,000 shares for $18M, reducing long-term debt by $61M, and ending the quarter with $468M in liquidity.
- Guidance Amid Tariff Uncertainty: The company provided Q4 guidance with expected net sales of $910-950M, gross margins of 37.5%-38.5%, and adjusted EPS between $0.46-$0.52, addressing ongoing tariff-related cost pressures with a proactive pricing strategy, including a 4.5% list price increase.
Mar 26, 2025, 9:01 PM
MillerKnoll Reports Q3 2025 Results
MLKN
Earnings
Guidance Update
M&A
- Q3 2025 performance featured solid operating cash flow of $62M and maintained a disciplined capital structure with long-term debt at $1,283M and a net debt to EBITDA ratio of 2.93x.
- The company reaffirmed its Q4 FY25 and Full Year FY25 guidance, with revenue expected between $910M to $950M in Q4 and $3,618M to $3,658M for FY25, alongside EPS and margin outlook updates.
- Forward-looking statements noted risks including integration challenges from the Knoll acquisition and ongoing macroeconomic pressures.
Mar 26, 2025, 9:00 PM
MillerKnoll Reports Q3 Fiscal 2025 Results
MLKN
Earnings
Share Buyback
Guidance Update
- Net sales reached $876.2 million in Q3, showing a modest 0.4% increase year-over-year, with strong contributions from North America Contract and Global Retail ( ).
- The Global Retail segment delivered robust performance with reported orders up nearly 15% and cyber-adjusted growth of over 4%, reflecting improved demand in North America ( , ).
- Adjusted earnings per share were slightly down at $0.44 compared to $0.45 last year, as the company maintained disciplined cost control amid challenging macroeconomic conditions ( ).
- The release also highlighted changes in reporting segments and provided a Q4 and full year fiscal 2025 outlook, including updates on anticipated tariffs and share repurchase activity ( ).
Mar 26, 2025, 8:05 PM
MillerKnoll Reports Q3 2025 Results
MLKN
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Net sales reached $876.2 million, up 0.4% year-over-year, reflecting steady revenue performance despite macroeconomic challenges.
- The company implemented a new reporting segment structure—dividing operations into North America Contract, International Contract, and Global Retail—to enhance performance visibility.
- Global Retail drove strong demand, with North America cyber-adjusted orders increasing by 14%, highlighting robust market performance in that segment.
- The firm also executed a share repurchase program, buying approximately 0.8 million shares for a total cash outlay of $17.9 million, reinforcing its commitment to shareholder value.
Mar 26, 2025, 12:00 AM
Quarterly earnings call transcripts for MILLERKNOLL.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more