MillerKnoll Earnings Reports

MillerKnoll posted a small year-over-year revenue increase in Q3 FY2025, supported by strong Global Retail demand, particularly in North America. However, the quarter ended with a net loss primarily due to $130M in impairment charges. Adjusted EPS met expectations at $0.44.

MillerKnoll reported a 2.2% increase in net sales to $970.4 million for the second quarter of fiscal year 2025. The company maintained a strong gross margin of 38.8% and returned approximately $93.1 million to shareholders through share repurchases and dividends in the first half of the fiscal year. Adjusted earnings per share were $0.55, compared to $0.59 in the same period last year.

MillerKnoll reported a decrease in net sales by 6.1% year-over-year, but orders increased by 2.4%. The company reported a diluted loss per share of $0.02 compared to earnings per share of $0.22 in the same period last year. Adjusted diluted earnings per share were $0.36 compared to $0.37 last year. The company is maintaining its full year adjusted earnings guidance of $2.20 per share.

MillerKnoll reported a decrease in net sales for the fourth quarter, but experienced growth in orders and a significant improvement in gross margin. The company achieved substantial earnings per share growth, driven by strategic initiatives and cost synergies.

MillerKnoll reported a decrease in net sales by 11.4% to $872.3 million, but gross margin improved by 450 basis points. The company captured $153 million in run-rate cost synergies related to the Knoll integration. Adjusted earnings per share were $0.45, compared to $0.54 in the same period last year.

MillerKnoll reported a decrease in net sales by 11.0% to $949.5 million, but achieved a 28.3% increase in adjusted earnings per share. The company's gross margin improved by 470 basis points, and operating margin reached a record high since the acquisition of Knoll, Inc. The company is increasing its full year fiscal 2024 adjusted earnings guidance to a range of $2.00 to $2.16 per share.

MillerKnoll reported a decrease in net sales by 14.9% to $917.7 million, and a decrease in orders by 9.8% to $913.7 million. However, gross margin increased by 450 basis points to 39.0%. Adjusted earnings per share were $0.37, compared to $0.44 for the same period last year.

MillerKnoll reported Q4 net sales of $956.7 million, a 13.1% decrease year-over-year. However, the gross margin improved by 230 basis points. The company generated $92.5 million in cash flow from operations and repaid $48.4 million of debt.

MillerKnoll reported a 4.4% decrease in net sales to $984.7 million, but delivered strong earnings and margin expansion. Adjusted earnings per share were $0.54, compared to $0.31 for the same period last year. The company captured $123 million in run-rate cost synergies related to the Knoll integration.

MillerKnoll reported a 4% increase in net sales to $1.07 billion and demonstrated operating margin expansion in the Americas Contract and International Contract & Specialty segments. The company has captured $101 million of run-rate cost synergies to date and increased the targeted run-rate cost synergies from $120 million to $140 million within three years of the Knoll acquisition.

MillerKnoll reported a strong first quarter with a 37% increase in sales compared to the prior year, including 12% organic growth. The company is making progress on integrating Knoll, having captured $80 million in run-rate cost synergies. The company is facing economic softening in various regions.

MillerKnoll reported a strong fourth quarter with a 77.1% increase in net sales and a 23.4% organic increase. The company also saw a sequential operating margin improvement of 230 basis points. They are making continued progress with the integration of Knoll, capturing $66 million of run-rate cost synergies to date.

MillerKnoll reported a 74.3% increase in net sales to $1.03 billion and a 93.6% increase in orders to $1.1 billion. The company is making progress on integrating the Knoll acquisition and expects to deliver $120 million in cost synergies within three years.

MillerKnoll reported second quarter consolidated net sales of $1.0 billion, a 63.9% increase on a reported basis and 11.1% organically compared to the prior year. Orders were up 83.9% to $1.2 billion. Adjusted earnings per share were $0.51, compared to $0.89 in the prior year.

MillerKnoll reported strong first-quarter results, driven by robust demand and the acquisition of Knoll. Orders increased significantly, and net sales also saw a substantial rise, including contribution from Knoll. The integration of Knoll is progressing smoothly, and the company is confident in achieving cost synergy targets.

Herman Miller reported a 30.6% increase in net sales for the fourth quarter of fiscal year 2021, with significant growth in the Retail segment and improving demand trends in the North America Contract segment. The company also announced a pending acquisition of Knoll, Inc. to create a preeminent leader in modern design.

Herman Miller reported a decrease in consolidated net sales by 11% to $590.5 million, but experienced strong growth in its Retail segment with a 63% increase in sales. The company's operating margin expanded, and earnings per share increased by 9.4% on a reported basis.

Herman Miller's Q2 2021 financial results validated the company's strategic direction amidst global economic uncertainty. Consolidated net sales were down 7% compared to last year, and orders were down 7% on a reported basis. The Retail business continued to deliver strong results, with quarterly orders up 41% over last year.

Herman Miller reported a decrease in consolidated net sales by 7% compared to last year and 13% organically, but was offset by strong retail segment growth with orders up 40%. Operating margins improved to 15.2% and earnings per share reached $1.24.

Herman Miller reported a decrease in net sales and new orders compared to the same quarter last fiscal year. The company reported a net loss per share, but adjusted earnings per share were positive. The company took decisive actions to adjust spending and maintain strong liquidity.

Herman Miller reported a 7.5% increase in net sales compared to the same quarter last year. The adjusted earnings per share exceeded expectations, despite the uncertain global economic environment resulting from coronavirus concerns. The company refrained from providing guidance for the upcoming fourth quarter due to this uncertainty.