Welcome to our dedicated page for MILLERKNOLL news (Ticker: MLKN), a resource for investors and traders seeking the latest updates and insights on MILLERKNOLL stock.
MillerKnoll, Inc. designs, manufactures, sells, and distributes interior furnishings for commercial and residential spaces through a global portfolio of design brands. The company is built around Herman Miller and Knoll and also includes brands such as Design Within Reach, HAY, HOLLY HUNT, Maharam, Muuto, NaughtOne, and Spinneybeck | FilzFelt.
Recurring news for MLKN covers quarterly financial results, conference calls, operating performance across contract and retail channels, board and executive leadership changes, brand portfolio activity, and design-focused events tied to the company’s showrooms and cultural programming.
MillerKnoll reported a strong demand in Q2 FY2022, achieving net sales of $1.03 billion, up 63.9% year-over-year. Quarterly orders soared to $1.2 billion, an 83.9% increase. Despite these gains, gross margins fell to 34.2% due to inflationary pressures, and the company posted a net loss of $3.4 million. The integration of the Knoll acquisition is progressing, with expected cost synergies raised to $120 million by year three. Q3 guidance forecasts net sales between $1.01 billion and $1.05 billion, with EPS projected at $0.24 to $0.30.
MillerKnoll (NASDAQ: MLKN) will host its second quarter fiscal 2022 conference call on January 4, 2022, at 5:30 p.m. ET. The call will be available via webcast and can be accessed at hermanmiller.com. An earnings release will be issued after market close on the same day. Further earnings release dates for the third and fourth quarters are set for March 29, 2022, and June 29, 2022, respectively. MillerKnoll, formed from the merger of Herman Miller and Knoll, focuses on modern design and sustainability.