MillerKnoll (NASDAQ:MLKN) Announces Quarterly Earnings Results

MillerKnoll (NASDAQ:MLKN) released its quarterly earnings data on Tuesday. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.18, FiscalAI reports. MillerKnoll had a return on equity of 10.10% and a net margin of 2.57%.The firm had revenue of $923.40 million during the quarter, compared to the consensus estimate of $940.93 million. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. MillerKnoll updated its FY 2027 guidance to 1.850-2.150 EPS and its Q2 2027 guidance to 0.430-0.490 EPS.

Here are the key takeaways from MillerKnoll’s conference call:

• Revenue and full-year sales outlook weakened: First-quarter sales fell 3.4% to $923 million, driven by softness in North America Contract and Global Retail, prompting management to reduce its FY2027 sales outlook to $3.88 billion-$4.03 billion. Negative Sentiment:
• Margins and cost discipline improved: Adjusted EPS was $0.42 excluding a $0.11 tariff-refund benefit, above guidance, while adjusted gross margin improved 150 basis points organically and management identified $3 million-$5 million of operating expense savings. Positive Sentiment:
• Retail momentum and store expansion continued: Global Retail orders increased 4.7% organically, with North American orders up 7.5% for an eighth consecutive quarter; management expects to open approximately 14-18 stores in FY2027 and anticipates profitability from recently opened Herman Miller locations. Positive Sentiment:
• Contract demand was mixed but recent trends improved: North America Contract orders declined 1.6% organically, although project funnels, awarded contracts, and orders in the first three weeks of September were up; International Contract orders rose 17.9% organically, but its adjusted operating margin fell to 4.6% because of lower sales, mix, investments, and cost pressures. Neutral Sentiment:
• Tariffs remain a financial headwind: Management estimates the latest U.S.-Canada tariff actions will reduce FY2027 adjusted EPS by approximately $0.07, with additional inflation expected to create a 20-30 basis-point margin headwind in the second quarter. Negative Sentiment:

MillerKnoll Stock Down 1.2%

Shares of MLKN opened at $20.04 on Thursday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.84 and a beta of 1.36. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $24.71. The stock’s 50-day moving average price is $22.50 and its 200-day moving average price is $18.88. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.94.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s payout ratio is 56.82%.

Key Stories Impacting MillerKnoll

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: Adjusted EPS of $0.53 exceeded the $0.35 analyst consensus and rose from $0.45 a year earlier, indicating effective cost control and stronger profitability. MillerKnoll Surpasses Q1 Earnings Estimates
• Positive Sentiment: Management highlighted margin expansion, disciplined expense management and execution as factors that offset softer demand. The earnings beat and maintained ability to generate cash could support the stock’s valuation. MillerKnoll Shines Despite Revenue Headwinds
• Neutral Sentiment: For fiscal 2027, MillerKnoll issued an EPS range of $1.85 to $2.15, broadly bracketing the $2.02 consensus. Second-quarter EPS guidance of $0.43 to $0.49 was also close to expectations of $0.46. MillerKnoll Releases FY 2027 Earnings Guidance
• Negative Sentiment: Quarterly revenue declined 3.4% year over year to $923.4 million and fell short of the $940.9 million consensus. The revenue miss suggests continued demand pressure across MillerKnoll’s markets. MillerKnoll Q1 2027 EPS Tops Expectations, Revenue Down 3%
• Negative Sentiment: Management forecast fiscal 2027 revenue of $3.9 billion to $4.0 billion, below or at the low end of the roughly $4.0 billion consensus, effectively lowering sales expectations. This softer outlook appears to be the main reason investors are discounting the earnings beat. MillerKnoll Fiscal Q1 Adjusted Earnings Rise, Net Sales Fall

Analyst Ratings Changes

MLKN has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Benchmark upgraded shares of MillerKnoll to a “hold” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops, manufactures and sells furnishings and related products for workplace, healthcare, education, hospitality and residential environments. Its portfolio includes furniture for offices and homes, seating, desks, tables, storage systems, lighting, textiles and accessories, as well as products intended to support collaboration and flexible workspaces.

The company operates a collection of design-focused brands, including Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Geiger.