MillerKnoll, Inc. ( (MLKN) ) has released its Q1 earnings. Here is a breakdown of the information MillerKnoll, Inc. presented to its investors.
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MillerKnoll, Inc. is a growth-oriented small-cap value company operating in the industrial and consumer sectors, known for its diverse portfolio of design brands including Herman Miller and Knoll. In its first quarter of fiscal 2026, MillerKnoll reported a robust performance with net sales reaching $955.7 million, marking a 10.9% increase from the previous year. The company also achieved a significant improvement in operating earnings, which rose to 5.6% from 1.8% in the prior year, and adjusted earnings per share increased by 25% to $0.45.
Key financial highlights include a notable 10.9% increase in net sales, driven by strong performance across its segments, particularly in North America Contract and International Contract, which saw sales rise by 12.1% and 14.4% respectively. Despite a decrease in orders by 5.4%, the company managed to improve its operating margin significantly. However, the gross margin slightly decreased due to tariff-related impacts.
MillerKnoll’s liquidity stood at $480.5 million, and the company successfully refinanced its Term Loan B, extending its maturity to 2032. The net debt-to-EBITDA ratio was reported at 2.92x, indicating a stable financial position. The company also opened new retail stores, contributing to its strategic growth initiatives.
Looking ahead, MillerKnoll remains optimistic about its growth prospects, with expectations for second-quarter net sales between $926 million and $966 million. The company is focused on leveraging its strong market position and strategic initiatives to navigate ongoing external challenges and capitalize on emerging opportunities.