MILLERKNOLL INC Stock Price, News & Analysis

Herman Miller has announced that its entire Eames Molded Plastic Chair line will now be produced using 100% post-industrial recycled plastic, reducing carbon emissions by 15% annually and saving approximately 122 tons of plastic each year. Alongside this sustainable shift, the company will introduce a refreshed color palette featuring nine new hues in addition to three classic colors. This initiative reflects the brand’s commitment to responsible design and sustainability goals as part of its ongoing efforts to minimize environmental impact.

MillerKnoll, Inc. (NASDAQ: MLKN) is set to release its financial results for the first quarter of fiscal 2023 on September 28, 2022, following the market close. A conference call will follow at 5:30 p.m. Eastern Time for discussion of the results. Participants can access the live webcast via the investor relations website or via telephone by calling (800) 715-9871 with the identification number 1156949. An online archive will be available on their website post-event.

MillerKnoll (NASDAQ: MLKN) has partnered with 3D Cloud by Marxent to launch a code-free system for creating web-based 3D product configurators for furniture e-commerce. This self-service platform will enhance customer experience by allowing real-time customization, accurate pricing, and easy sharing of designs. The initial rollout includes eight iconic chairs, including the Aeron, with millions of configuration options. The collaboration aims to reduce time to market for new configurators by up to 80%, streamlining the process for interior designers and consumers alike.

MillerKnoll reported a 77.1% increase in net sales for Q4 FY2022, reaching $1.10 billion, driven by a 60.1% increase in annual net sales to $3.95 billion. The company achieved 66 million in run-rate cost synergies as it integrates Knoll, aiming for $120 million in synergies by 2025. However, gross margin declined to 34.8% due to rising commodity costs. Operating earnings improved to 5.2% in Q4, while diluted EPS rose to $0.28. The backlog increased by 108.7% to $932.5 million, indicating robust demand.

MillerKnoll (NASDAQ:MLKN) is set to host its inaugural Design Days from June 13-15, 2022 in Chicago, Illinois, featuring product launches and events across its brands. CEO Andi Owen emphasized the company's commitment to innovation and sustainability, showcasing over a dozen new products aimed at modernizing work and home environments. The event will highlight collaborations with renowned designers and celebrate KnollTextiles' 75th anniversary with the launch of The Heritage Collection. MillerKnoll aims to enhance customer experience through a vast showroom space in Fulton Market.

MillerKnoll, Inc. (NASDAQ: MLKN) will host its fourth quarter fiscal 2022 conference call on June 29, 2022, at 5:30 p.m. ET. The call will be accessible via webcast at MillerKnoll Investor Relations. Financial earnings will be reported the same day after market close. The company, formed from the merger of Herman Miller and Knoll, is known for its influential modern design brands, contributing to sustainable and equitable futures.

MillerKnoll reported a strong third-quarter performance for fiscal 2022, with net sales reaching $1.03 billion, a 74.3% increase year-over-year. Quarterly orders were up 93.6% to $1.10 billion, driven by robust demand across all segments. The integration of the Knoll acquisition is on track to deliver $120 million in cost synergies within three years. Despite challenges from global supply chain disruptions, the company aims for fourth-quarter sales between $1.08 billion and $1.11 billion, with projected earnings per share of $0.46 to $0.52.

MillerKnoll, Inc. (NASDAQ: MLKN) will host its third quarter fiscal 2022 conference call on March 29, 2022, at 5:30 p.m. ET. The event will be accessible via a webcast, with details available on their investor relations page. A financial earnings news release will also be issued on the same date after market close. The anticipated date for the fourth quarter earnings release is June 29, 2022. MillerKnoll represents a conglomerate of prominent design brands, innovating towards a sustainable future.