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May 28, 2022
MillerKnoll Q4 2022 Earnings Report
Reported strong sales growth and sequential operating margin improvement, driven by integration progress and mitigation of supply chain disruptions.
Key Takeaways
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.
Net sales increased by 77% year-over-year and 23% organically.
Operating margin improved by 230 basis points sequentially.
Captured $66 million in run-rate cost synergies from Knoll integration.
Launched contract dealer network in North America.
MillerKnoll
MillerKnoll
MillerKnoll Revenue by Segment
Revenue by Segment
International Contract Revenue
CapyFin.comGlobal Retail Revenue
CapyFin.com Forward Guidance
The company expects sales in the first quarter of fiscal year 2023 to range between $1,080 million and $1,120 million and adjusted earnings per share to be between $0.32 and $0.38.
Revenue & Expenses
Visualization of income flow from segment revenue to net income