UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-15141 __________________________________________ MillerKnoll, Inc. (Exact name of reg ...

MillerKnoll, Inc. (MLKN) reported third-quarter fiscal 2025 (ended March 1, 2025) results, wherein adjusted earnings met the Zacks Consensus Estimate and declined year over year. The net sales missed the consensus mark but grew on a year-over-year basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The quarter’s results were driven by strong demand in its Global Retail business, with retail demand in North America being robust. Although uncertainty related to tariff policy and other ...

MillerKnoll (MLKN) Q3 2025 Earnings Call March 26, 2025 11:33 PM ET Company Participants Wendy Watson - Vice President of IR and Corporate CommunicationsAndi Owen - Chief Executive OfficerJeff Stutz - Chief Financial OfficerDebbie Propst - President of Global RetailJohn Michael - President of North America Contract Conference Call Participants Brian Gordon - Senior Research AnalystGregory Burns - AnalystAlex Fuhrman - Senior Research AnalystReuben Garner - Equity Research Analyst Operator Good evening, and ...

Exhibit 99.2 MillerKnoll, Inc. Supplemental Financial Data Revised Quarterly Segment Data for the quarterly periods within each of the fiscal years ended June 3, 2023, June 1, 2024, and May 31, 2025 (Unaudited) ($ in millions) I. Segment Information The tables below summarize, for the periods indicated, the revised reportable segments and the other supplemental data of MillerKnoll, Inc. A. Quarterly Segment Data for Fiscal 2025 | | | | Three Months Ended | | | Six Months Ended | | | --- | --- | --- | --- | ...

ZEELAND, Mich., Feb. 26, 2025 /PRNewswire/ -- MillerKnoll, Inc. ("MillerKnoll" or the "Company") (NASDAQ: MLKN) will release its fiscal 2025 third quarter financial results on Wednesday, March 26, 2025, after the stock market closes. A conference call and webcast to discuss the Company's financial and operational results and answer questions from the investment community will follow at 5:00 p.m. Eastern time. Investors will be able to access the press release and supporting materials on the Company's invest ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-15141 __________________________________________ MillerKnoll, Inc. (Exact name of ...

MillerKnoll, Inc. (NASDAQ:MLKN) Q2 2025 Earnings Conference Call December 18, 2024 5:00 PM ET Company Participants Wendy Watson - VP of IR Jeff Stutz - CFO Andi Owen - CEO Debbie Propst - President, Global Retail John Michael - President, Americas Contract Conference Call Participants Greg Burns - Sidoti Brian Gordon - Water Tower Research Alex Fuhrman - Craig-Hallum Capital Group Operator Good evening, and welcome to MillerKnoll's Quarterly Earnings Conference Call. As a reminder, this call is being record ...

MillerKnoll, Inc. Reports Second Quarter Fiscal 2025 Results * Zeeland, Mich., December 18, 2024 – MillerKnoll Inc. (NASDAQ: MLKN) today reported results for the second quarter of fiscal year 2025 ended November 30, 2024. Financial Highlights • Consolidated net sales in the second quarter were up 2.2% year-over-year, driven by strength in International Contract & Specialty and in Americas Contract. • Maintaining gross margin strength, with consolidated gross margins of 38.8% in the quarter. • Returned appro ...

Financial Performance - Net sales for the three months ended August 31, 2024, were $861.5 million, a decrease of 6.1% compared to $917.7 million for the same period in 2023[4] - Gross margin decreased to $336.3 million, down from $358.1 million, reflecting a decline of approximately 6.1%[4] - Operating earnings significantly dropped to $15.2 million, compared to $40.3 million in the prior year, representing a decline of 62.3%[4] - Net loss attributable to MillerKnoll, Inc. was $1.2 million, contrasting with net earnings of $16.7 million in the same quarter last year[4] - For the three months ended August 31, 2024, MillerKnoll reported a net loss of $0.5 million compared to net earnings of $16.1 million for the same period in 2023, representing a significant decline[9] - Net cash provided by operating activities was $21.1 million, a decrease of 83.8% from $130.9 million in the prior year[9] - The total operating expenses for the three months ended August 31, 2024, were $321.1 million, slightly higher than $317.8 million for the same period in 2023[4] - Operating earnings for the total reportable segments decreased from $55.0 million in the three months ended September 2, 2023, to $30.9 million for the same period in 2024, a decline of approximately 44%[69] Assets and Liabilities - Total current assets increased slightly to $1,071.8 million from $1,069.6 million as of June 1, 2024[6] - Total liabilities rose to $2,610.0 million, up from $2,584.6 million, indicating a growth of 0.98%[7] - Cash and cash equivalents decreased to $209.7 million from $230.4 million, a decline of 8.9%[6] - Accounts receivable decreased to $277.3 million from $308.3 million, a reduction of 10.1%[6] - Total stockholders' equity decreased to $1,332.5 million from $1,385.1 million, reflecting a decline of 3.8%[7] - Long-term debt increased to $1,324.0 million from $1,291.7 million[7] - The carrying value of the company's financial instruments was $1,381.6 million as of August 31, 2024, with a fair value of $1,448.7 million[46] Revenue Segments - Product revenue from single performance obligations was $789.2 million, down from $845.5 million, while multiple performance obligations generated $68.8 million, slightly up from $68.7 million[23] - The Americas segment reported total contract revenue of $454.6 million, a decline of 7.3% from $490.4 million in the previous year[25] - International contract and specialty revenue totaled $213.5 million, down 6.5% from $228.3 million[25] - The Americas Contract segment net sales were $454.6 million for the three months ended August 31, 2024, down from $490.4 million in the prior year, a decrease of about 7.3%[69] Integration and Restructuring Costs - The company incurred $28.3 million in costs related to the Knoll Integration for the three months ended August 31, 2024, compared to $3.9 million for the same period in 2023, reflecting a significant increase in integration expenses[73] - The restructuring charges related to the 2024 restructuring plan amounted to $30.8 million for the fiscal year 2024, with no future costs expected[76] - The Company recorded a total of $144.4 million in pretax integration expenses related to the Knoll Integration plan[72] Tax and Compliance - The effective tax rate for the three months ended August 31, 2024, was 66.2%, significantly higher than the 24.4% effective tax rate for the same period in 2023, primarily due to a pre-tax loss and favorable discrete impacts from stock compensation[40] - The company's recorded liability for potential interest and penalties related to uncertain tax benefits was $0.9 million as of August 31, 2024, compared to $0.8 million as of June 1, 2024[42] - The Company recorded a liability for uncertain tax positions of $1.5 million as of August 31, 2024[42] Cash Flow and Capital Expenditures - Cash flows from operating activities were $21.1 million, down from $130.9 million year-over-year[9] - Capital expenditures for the three months ended August 31, 2024, were $22.6 million, an increase from $19.9 million in the same period last year[9] - The company repurchased and retired 1,544,733 shares of common stock for $43.7 million during the quarter[11] Inventory and Goodwill - Finished goods and work in process inventory increased to $324.8 million from $314.3 million, while total inventory rose to $440.5 million from $428.6 million[27] - Goodwill totaled $1,234.4 million as of August 31, 2024, with accumulated impairments of $36.7 million in the Americas segment and $88.8 million in the Global Retail segment[28] Other Comprehensive Income - The company recognized a loss of $21.3 million in other comprehensive loss for the effective portion of interest rate swap agreements for the three months ended August 31, 2024, compared to a gain of $7.8 million for the same period in 2023[55] - The accumulated other comprehensive loss improved from $(95.1) million on June 3, 2023, to $(98.5) million as of August 31, 2024, reflecting a worsening of approximately 3.6%[66] Future Outlook - The company is evaluating the impact of recently issued accounting standards on its consolidated financial statements, with no expected material impact identified[21] - The Company expects to complete the settlement of defined-benefit pension plan liabilities in fiscal 2025[34] - The Company’s fiscal year 2025 is expected to end on May 31, 2025, and will consist of 52 weeks[17]

Financial Data and Key Metrics Changes - Consolidated orders for Q1 2025 were $936 million, up 2.4% year-over-year on a reported basis and up 3.5% organically [11] - Consolidated net sales for Q1 2025 were $862 million, reflecting a decrease of 6.1% year-over-year on a reported basis and a decrease of 5.3% organically [12] - Consolidated gross margin was 39%, essentially flat compared to the prior year [12] Business Line Data and Key Metrics Changes - Americas Contract segment net sales were $455 million, representing an organic decrease of 7% from the same quarter a year ago [13] - International Contract and Specialty segment net sales were $214 million, down 6.5% on a reported basis and down 6.3% organically year-over-year [14] - Retail segment net sales were $193 million, a reported decrease of 2.8% and essentially flat performance on an organic basis [15] Market Data and Key Metrics Changes - Orders in the Americas Contract segment totaled just under $513 million, up 5.7% over last year organically [13] - Orders in the International Contract and Specialty segment totaled $234 million, resulting in a year-over-year increase of 2.7% on a reported basis [14] - Retail business in North America outperformed year-on-year retail industry comparisons by approximately 6 points during the quarter [8] Company Strategy and Development Direction - The company launched several initiatives to support its contract business and meet evolving client needs [5] - New flagship locations were introduced in London and New York to enhance customer experience [6] - The company is focused on growth and positioning itself for the future, with a strong emphasis on team experience and talent acquisition [9][10] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the year ahead, citing improved demand trends and a strong backlog position [10][17] - The company anticipates that a slight drop in interest rates will stimulate order placements from customers and trade partners [9] - Management noted that the retail segment is expected to benefit from improving macroeconomic conditions and a rebound in the housing market [9][35] Other Important Information - The company generated $21 million in cash flow from operations and repurchased approximately 1.5 million shares for a total cash outlay of approximately $44 million [13] - The company has been certified as a 2024 US Great Place to Work, highlighting its commitment to associate experience [9] Q&A Session Summary Question: Guidance for Q2 margins and revenue - Management indicated that gross margin improvements are expected due to increased order activity, but a shift in business mix may keep margins lower [20][21] Question: Retail market outlook - Management expressed optimism about retail demand trends, anticipating improved consumer confidence due to recent interest rate cuts [22] Question: Delivery times for orders - Management explained that longer delivery times are due to an increase in larger, more complex projects and changing customer behavior [25][26] Question: Industry groups driving order growth - Management noted strong activity in financial services, healthcare, and technology sectors, with many companies looking to bring employees back to the office [28][29] Question: Long-term margin expectations - Management believes that economic improvements will allow for better overhead cost leverage, potentially leading to higher margins in the future [32][33] Question: Integration of Knoll and other brands - As of Q1, 60% of the international dealer network has been integrated, with plans to complete the process by the end of the fiscal year [36] Question: Back-to-work and hybrid trends - Management noted a shift towards more frequent in-office collaboration and expressed confidence in their product portfolio for hybrid work environments [37][38]