The earnings call reflects a strong financial performance in Q4, with significant growth in the North America Contract and International segments and successful retail and product expansion. However, there are challenges related to tariff costs and order pull-forward effects, which may impact future performance. Despite these challenges, the company is well-positioned with strong liquidity and strategic growth plans.

Company Guidance -

Q1 2026

In the recent earnings call, MillerKnoll reported strong financial performance for the fourth quarter of fiscal 2025, with adjusted earnings per share at $0.60, significantly surpassing the midpoint of their guidance. The company experienced an 8.2% increase in consolidated net sales, reaching $962 million, and a 7.8% organic growth compared to the previous year. North America Contract segment saw a notable 13% increase in net sales to $496 million, with new orders rising by 16%. The International Contract segment also showed growth, with net sales up 6.9% and new orders increasing by 3.6%. The Global Retail segment reported a 2.2% rise in net sales and a 7.5% increase in new orders. However, the quarter's gross margin was slightly down to 39.2%. The company ended the quarter with $71 million in cash flow from operations and $576 million in liquidity, while reducing long-term debt by $5 million. Looking ahead to fiscal 2026, MillerKnoll projects Q1 net sales between $899 million and $939 million, with an expected EPS impact from tariffs of $0.09 to $0.11. The company plans to open 10 to 15 new stores in the U.S. and expects to offset tariff impacts with pricing actions by the second half of the fiscal year.

Strong Q4 Financial Performance

Adjusted earnings of $0.60 per share, significantly outperforming the midpoint of guidance. Consolidated net sales were $962 million, up 8.2% on a reported basis and 7.8% organically.

Growth in North America Contract Segment

Net sales for the quarter were $496 million, up just under 13% from the same quarter a year ago. New orders in the period were $568 million, reflecting growth of almost 16% over last year.

International Market Strength

Net sales improved to $186 million, up 6.9% on a reported basis and 5.5% on an organic basis year-over-year. Strong sales and order growth in European markets.

Retail Expansion and New Products

Opened 4 new retail stores in fiscal 2025, with plans for 10 to 15 more in fiscal 2026. Introduced over 30 new products across brands.

Increased Liquidity and Debt Management

Ended the quarter with $576 million of liquidity. Reduced long-term debt by $5 million and extended credit facility maturities to 2030.

MillerKnoll (MLKN) Earnings, Revenues Date & History

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MLKN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 24, 2025	2026 (Q1)	0.34 / -	0.36	―	―	―
Jun 25, 2025	2025 (Q4)	0.44 / 0.60	0.67	-10.45% (-0.07)
Mar 26, 2025	2025 (Q3)	0.43 / 0.44	0.45	-2.22% (-0.01)
Dec 18, 2024	2025 (Q2)	0.53 / 0.55	0.59	-6.78% (-0.04)
Sep 19, 2024	2025 (Q1)	0.40 / 0.36	0.37	-2.70% (-0.01)
Jun 26, 2024	2024 (Q4)	0.54 / 0.67	0.41	63.41% (+0.26)
Mar 27, 2024	2024 (Q3)	0.44 / 0.45	0.54	-16.67% (-0.09)	―
Dec 20, 2023	2024 (Q2)	0.54 / 0.59	0.46	28.26% (+0.13)
Sep 26, 2023	2024 (Q1)	0.21 / 0.37	0.44	-15.91% (-0.07)
Jul 12, 2023	2023 (Q4)	0.39 / 0.41	0.58	-29.31% (-0.17)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MLKN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 25, 2025	$17.62	$19.82	+12.49%
Mar 26, 2025	$18.14	$20.08	+10.69%
Dec 18, 2024	$23.85	$22.55	-5.45%
Sep 19, 2024	$26.73	$22.86	-14.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.