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May 29, 2021
MillerKnoll Q4 2021 Earnings Report
Herman Miller reported strong Q4 2021 results, driven by growth in the Retail segment and improved demand in North America Contract.
Key Takeaways
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.
Consolidated net sales increased by 30.6% to $621.5 million.
Orders increased by 28.8% to $689.4 million.
Retail segment sales and orders increased by 106.1% and 81.0%, respectively.
The company expects sales in the first quarter of fiscal 2022 to range between $640 million and $670 million.
Revenue by Segment
Forward Guidance
The company expects sales in the first quarter of fiscal 2022 to range between $640 million and $670 million, and adjusted earnings per share to be between $0.52 and $0.58.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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