MILLERKNOLL INC Stock Price, News & Analysis

MillerKnoll (NASDAQ: MLKN), a small-cap value company operating in industrial and consumer sectors, has announced its fourth quarter fiscal 2025 earnings results for the period ended May 31, 2025.

The company will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results. Investors can access the call through the company's investor relations website or by dialing (800) 715-9871 (USA/Toll-Free) or +1 (646) 307-1963 (International) with conference ID 2466570.

MillerKnoll (NASDAQ:MLKN) is unveiling a new Chicago flagship location during Fulton Market Design Days (June 9-11, 2025). The expansive space spans eight floors across two buildings at 1100 and 1144 West Fulton Market, totaling nearly 70,000 square feet of showroom and retail space. The flagship features showrooms for multiple brands including Herman Miller, Knoll, DatesWeiser, Geiger, HAY, Muuto, and NaughtOne. The location includes a Herman Miller retail store, Design Within Reach store, healthcare solutions area, and a courtyard designed by Michael van Valkenburgh Associates. During Design Days, the company will showcase several product launches including Knoll's Dividends Skyline system, Herman Miller's Eames collections, and new offerings from various brands in their collective.

MillerKnoll (NASDAQ: MLKN) has announced its upcoming fourth quarter and full fiscal year 2025 earnings conference call, scheduled for Wednesday, June 25, 2025, at 5:00 p.m. Eastern time. The financial results will be released after market close on the same day.

Investors can participate in the conference call through a webcast on the company's investor relations website or via telephone. The dial-in numbers are +1 (646) 307-1963 (International) and (800) 715-9871 (USA Toll-Free), with conference ID 2466570. Supporting materials and an archive of the webcast will be available on the company's investor relations website.

MillerKnoll (NASDAQ: MLKN) reported Q3 FY2025 results with consolidated net sales of $876.2 million, up 0.4% year-over-year. The company saw mixed performance across segments, with Global Retail orders up 15% while contract businesses remained sluggish.

Key financial metrics include:

• Gross margin of 37.9%, down 70 basis points
• Operating loss margin of 9.4% vs 4.9% income last year
• Adjusted diluted EPS of $0.44 vs $0.45 prior year
• Special charges of $140.2 million, including $130.0 million in goodwill impairment

Segment performance varied with North America Contract sales up 1.4%, International Contract down 5.0%, and Global Retail up 1.9%. The company maintained strong liquidity of $468.2 million and generated $62.1 million in operating cash flow, while reducing long-term debt by $60.7 million.

MillerKnoll (MLKN) has received validation from the Science Based Targets initiative (SBTi) for its near-term emissions reduction targets. The company commits to:

• Reduce absolute scope 1 and 2 GHG emissions by 50% by FY2030 from FY2022 baseline
• Increase renewable electricity sourcing from 38.3% to 100% by FY2030
• Cut scope 3 GHG emissions from purchased goods, operational waste, and product end-of-life by 25% by FY2030

This validation follows MillerKnoll's new sustainability strategy announcement, reinforcing its commitment to environmental stewardship and sustainable design practices.

MillerKnoll (NASDAQ: MLKN) has announced it will release its fiscal 2025 third quarter financial results on Wednesday, March 26, 2025, after market close. The company will host a conference call and webcast at 5:00 p.m. Eastern time to discuss financial and operational results with the investment community.

Investors can join the conference call via webcast through the company's investor relations website or by telephone at (888) 672-2415 using conference ID 5515788. An online archive of the webcast will be available for later viewing on the investor relations website.

MillerKnoll has announced a new sustainability strategy and released its 2024 Better World Report, focusing on three key areas: Carbon, Materials, and Circularity. The company aims to achieve net-zero carbon emissions by 2050, alongside goals for sustainable materials usage and zero waste production.

The strategy includes several short-term objectives, such as eliminating PFAS in North America by FY2025 and globally by FY2027, transitioning to 100% renewable electricity by FY2026, and diverting 10 million pounds of furniture waste from landfills by FY2027.

Key initiatives include sustainable materials adoption, energy and waste reduction, smart packaging and logistics optimization using AI, supply chain collaboration, and a global take-back program. By FY2030, MillerKnoll targets a 25% reduction in carbon footprint for top 100 products, 75% recycled content in top textiles, and elimination of single-use plastic packaging at manufacturing sites.

MillerKnoll (NASDAQ: MLKN) reported Q2 FY2025 results with consolidated net sales up 2.2% year-over-year to $970.4 million. The company maintained strong gross margins at 38.8% and reported diluted earnings per share of $0.49, up from $0.45 in the prior year. Americas Contract segment showed positive momentum with sales up 5.9%, while Global Retail saw a 5.3% decline.

The company returned approximately $93.1 million to shareholders through share repurchases and dividends in the first half of fiscal 2025. For Q3 FY2025, MillerKnoll expects net sales between $903-943 million and adjusted earnings per share of $0.41-0.47. The company narrowed its full-year adjusted EPS guidance to $2.11-2.17, reflecting slower than expected macroeconomic improvements.

MillerKnoll (NASDAQ: MLKN) has scheduled its second quarter fiscal year 2025 financial results announcement for Wednesday, December 18, 2024, after market close. The company will host a conference call and webcast at 5:00 p.m. Eastern time on the same day. Investors can join via webcast through the company's investor relations website or by telephone at (800) 715-9871 using conference ID 7392612. An archive of the webcast will be available on the company's website afterward.