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Mar 01
MillerKnoll Q3 2025 Earnings Report
MillerKnoll reported mixed results for Q3 FY2025 with a slight increase in revenue and strong retail orders but a net loss driven by impairment charges.
Key Takeaways
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.
Consolidated revenue was $876.2M, up 0.4% year-over-year.
Reported EPS was -$0.19; Adjusted EPS came in at $0.44.
Global Retail orders surged 14.7% year-over-year.
Recorded $130M in impairment charges during the quarter.
MillerKnoll
MillerKnoll
MillerKnoll Revenue by Segment
Revenue by Segment
N. America Contract Revenue
CapyFin.comInternational Contract Revenue
CapyFin.comGlobal Retail Revenue
CapyFin.com Forward Guidance
For Q4 FY2025, MillerKnoll expects revenue between $910M and $950M and adjusted EPS between $0.46 and $0.52.
Positive Outlook
- Expected Q4 revenue up from Q3.
- Adjusted EPS guidance shows potential improvement.
- Gross margin forecast remains stable.
- Retail demand expected to remain strong.
- Proactive cost control expected to support profitability.
Challenges Ahead
- Tariff costs expected to impact Q4 by $5M–$7M.
- Net earnings impact from tariffs estimated at $0.05–$0.07 per share.
- Macroeconomic uncertainty continues to pose risks.
- Sluggish demand in contract segments expected to persist.
- Ongoing restructuring charges expected in Q4.
Revenue & Expenses
Visualization of income flow from segment revenue to net income