MillerKnoll (NASDAQ:MLKN) Releases Earnings Results, Beats Estimates By $0.18 EPS

MillerKnoll (NASDAQ:MLKN) announced its quarterly earnings data on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.18, FiscalAI reports. The company had revenue of $923.40 million for the quarter, compared to analysts’ expectations of $940.93 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. MillerKnoll’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. MillerKnoll updated its FY 2027 guidance to 1.850-2.150 EPS and its Q2 2027 guidance to 0.430-0.490 EPS.

Here are the key takeaways from MillerKnoll’s conference call:

• Revenue and full-year sales outlook weakened: First-quarter sales fell 3.4% to $923 million, driven by softness in North America Contract and Global Retail, prompting management to reduce its FY2027 sales outlook to $3.88 billion-$4.03 billion. Negative Sentiment:
• Margins and cost discipline improved: Adjusted EPS was $0.42 excluding a $0.11 tariff-refund benefit, above guidance, while adjusted gross margin improved 150 basis points organically and management identified $3 million-$5 million of operating expense savings. Positive Sentiment:
• Retail momentum and store expansion continued: Global Retail orders increased 4.7% organically, with North American orders up 7.5% for an eighth consecutive quarter; management expects to open approximately 14-18 stores in FY2027 and anticipates profitability from recently opened Herman Miller locations. Positive Sentiment:
• Contract demand was mixed but recent trends improved: North America Contract orders declined 1.6% organically, although project funnels, awarded contracts, and orders in the first three weeks of September were up; International Contract orders rose 17.9% organically, but its adjusted operating margin fell to 4.6% because of lower sales, mix, investments, and cost pressures. Neutral Sentiment:
• Tariffs remain a financial headwind: Management estimates the latest U.S.-Canada tariff actions will reduce FY2027 adjusted EPS by approximately $0.07, with additional inflation expected to create a 20-30 basis-point margin headwind in the second quarter. Negative Sentiment:

MillerKnoll Price Performance

MLKN stock opened at $20.29 on Wednesday. The firm has a market cap of $1.39 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. The stock has a 50-day simple moving average of $22.52 and a 200-day simple moving average of $18.88. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $24.71. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be paid a $0.1875 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. MillerKnoll’s dividend payout ratio (DPR) is 56.82%.

More MillerKnoll News

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: Adjusted EPS significantly beat expectations. MillerKnoll reported quarterly EPS of $0.53, exceeding the $0.35 analyst consensus by $0.18 and improving from $0.45 a year earlier. The earnings outperformance was attributed to disciplined execution and cost management. MillerKnoll Q1 2027 EPS Tops Expectations, Revenue Down 3%
• Positive Sentiment: Profitability initiatives are supporting results. Despite lower sales, MillerKnoll maintained a 2.38% net margin and generated a 9.77% return on equity, suggesting that expense control is cushioning demand pressure. MillerKnoll Shines Despite Revenue Headwinds
• Neutral Sentiment: Fiscal 2027 EPS guidance is broadly in line with expectations. The company forecast EPS of $1.85–$2.15, compared with consensus of $2.02, while second-quarter EPS guidance of $0.43–$0.49 brackets the $0.46 consensus estimate. MillerKnoll Releases FY 2027 Earnings Guidance
• Negative Sentiment: Revenue remains the main concern. First-quarter revenue fell 3.4% year over year to $923.4 million, missing the $940.9 million consensus estimate. MillerKnoll also guided to fiscal-year revenue of $3.9–$4.0 billion, with the midpoint below the $4.0 billion analyst forecast, and reported that demand headwinds persist. MillerKnoll Fiscal Q1 Adjusted Earnings Rise, Net Sales Fall

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MLKN shares. Benchmark raised MillerKnoll to a “hold” rating in a research note on Thursday, September 17th. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

About MillerKnoll

MillerKnoll, Inc is a global design company that develops, manufactures and sells furnishings and related products for workplace, healthcare, education, hospitality and residential environments. Its portfolio includes furniture for offices and homes, seating, desks, tables, storage systems, lighting, textiles and accessories, as well as products intended to support collaboration and flexible workspaces.

The company operates a collection of design-focused brands, including Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Geiger.