Financial Data and Key Metrics Changes - For Q4, the company reported adjusted diluted earnings of $0.67 per share, exceeding guidance, driven by strong gross margin performance and favorable tax benefits [68] - Consolidated net sales for Q4 totaled $889 million, reflecting an organic decrease of 5.2% year-over-year, while new orders totaled $933 million, indicating organic growth of approximately 3% [68] - The consolidated gross margin improved to 39.6%, up 250 basis points year-over-year and 100 basis points sequentially, driven by price realization and inventory management [69] Business Line Data and Key Metrics Changes - In the Americas Contract segment, net sales were $417 million, down 12.2% year-over-year, but new orders increased by 5.7% [71] - The International Contract and Specialty segment saw net sales of $245 million, up 3.8% organically year-over-year, with new orders remaining flat [72] - The Global Retail segment reported net sales of $227 million, a decline of 7.2% year-over-year, but organic demand growth was noted [77] Market Data and Key Metrics Changes - Traffic at trade shows globally has improved, nearing pre-COVID levels, indicating a positive trend in the contract market [14][62] - The North American housing market slowdown is affecting demand levels, but there are signs of easing negative trends in home sales [64] Company Strategy and Development Direction - The company plans to invest in MillerKnoll showrooms, digital platforms, and tools to support contract business and dealers [57] - There is a focus on expanding the retail footprint and optimizing product assortment to drive long-term sales growth [58] - Sustainability and innovation are emphasized as key considerations for customers, with ongoing efforts to incorporate more sustainable materials [65] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about fiscal 2025, expecting net sales to exceed fiscal 2024 levels and adjusted earnings per share to be in the range of $2.10 to $2.30 [14] - The demand environment for contract and key markets is improving, with healthy activity levels across the business [61] - The company is prepared to harness pent-up retail demand as the home furnishings market is expected to improve [64] Other Important Information - The company achieved annualized run rate savings of $160 million from acquisition cost synergies, exceeding initial targets [73] - The company launched over 30 new products at recent design events, showcasing a commitment to innovation [75] Q&A Session Summary Question: Can you elaborate on the investments on the commercial side? - Management highlighted investments in digital platforms and tools to support dealers, expanding international contracts, and enhancing retail presence [2] Question: What is the outlook for gross margin? - Management did not provide specific guidance but noted factors influencing margins, including pricing benefits and operational efficiencies [4][22] Question: Is there evidence of a plateau in return to work? - Management indicated that the return to office is evolving positively, with increased collaboration and hybrid work models becoming more common [8] Question: What is the status of the dealer network integration? - The dealer network is stable and well-aligned, with ongoing improvements and strategic consolidations enhancing market position [28] Question: What are the expectations for consumer demand in the upcoming year? - Management expressed optimism about pent-up demand in retail, anticipating improvements in the housing market to positively impact sales [64]

MillerKnoll, Inc. Reports Fourth Quarter and Fiscal 2024 Results Zeeland, Mich., June 26, 2024 – MillerKnoll Inc. (NASDAQ: MLKN) today reported results for the fourth quarter and full fiscal year 2024, which ended June 1, 2024. Business Highlights • Orders in the fourth quarter were up 1.1% on a reported basis and up 2.9% organically from last year. • Fourth quarter and full year gross margin improved 250 basis points and 410 basis points, respectively yearover-year. • Achieved annualized run-rate cost syne ...

MillerKnoll is a collective of dynamic brands that comes together to design the world we live in. The MillerKnoll brand portfolio includes Herman Miller, Knoll, Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman, Geiger, HAY, HOLLY HUNT, Knoll Textiles, Maharam, Muuto, NaughtOne, and Spinneybeck|FilzFelt. MillerKnoll is an unparalleled platform that redefines modern for the 21st century by building a more sustainable, equitable and beautiful future for all. SOURCE MillerKnoll An online arc ...

With 70,000+ square feet of showroom and retail space, this year's exposition highlights leading sustainability work, test lab innovation and debut products across lifestyle, office and beyond ZEELAND, Mich., May 28, 2024 /PRNewswire/ -- MillerKnoll (NASDAQ:MLKN), a global leader in design, will once again showcase its collective of brands during Fulton Market Design Days, taking place from June 10- 12, 2024 in Chicago, Illinois. This multiple-day event includes product launches, exhibits, street activation ...

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 2, 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 reg ...

MillerKnoll, Inc. Reports Third Quarter Fiscal 2024 Results To our shareholders: Our teams continue to make great progress towards improving our profitability metrics with this quarter's Gross margins surpassing last year's levels across the three business segments despite volume declines. While the latter is driven by the current macro environment, we are building a fundamentally stronger company, protecting our profitability and enhancing our operational efficiency. Overall demand patterns across much of ...

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 December 2, 2023 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 2024 Earnings Conference Call December 20, 2023 5:00 PM ET Company Participants Carola Mengolini - Vice President, Investor Relations Andi Owen - President and Chief Executive Officer Jeff Stutz - Chief Financial Officer John Michael - President, Americas Contracts Debbie Propst - President, Retail Conference Call Participants Reuben Garner - Benchmark Company Alex Fuhrman - Craig-Hallum Capital Group Gregory Burns - Sidoti & Company Budd Bugatch - Water Tower Research Ope ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q (Mark One) ☐ 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 registrant as specified in its charter) __________________________________________ (State or other jurisdiction of incorporation or organization) 855 East Main Avenue Zeeland, MI 49464 ...

MillerKnoll, Inc. (NASDAQ:MLKN) Q1 2024 Earnings Conference Call September 26, 2023 5:00 PM ET Company Participants Carola Mengolini - Vice President, Investor Relations Andi Owen - President and Chief Executive Officer Jeff Stutz - Chief Financial Officer John Michael - President, Americas Contracts Debbie Propst - President, Retail Conference Call Participants Budd Bugatch - Water Tower Research Gregory Burns - Sidoti Reuben Garner - Benchmark Alex Fuhrman - Craig-Hallum Operator Good evening and welcome ...