| Metric | Value ($ M) | Q4 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue | 955.70 | 9.1% | 10.9% |
| Total Income | 955.70 | 9.1% | 10.9% |
| Expenditure | 902.20 | 5.9% | 6.6% |
| PBT | 28.70 | 128.5% | 1788.2% |
| Net Profit | 20.20 | 259.1% | 1783.3% |
| OPM | 5.60% | 14.98pp | 3.83pp |
| NPM | 2.11% | 3.56pp | 2.25pp |
| EPS | 0.29 | 252.6% | 1550.0% |
MillerKnoll Reports Q1 FY2026 Results: Net Sales Up 10.9%
04 May 2026 · 4 May, 9:05 am
Summary
MillerKnoll, Inc. reported a strong start to fiscal 2026, with net sales of $955.7 million, up 10.9% year-over-year. The company's operating margin improved to 5.6% from 1.8% in the prior year. Orders decreased by 5.4% to $885.4 million, influenced by order pull-forward in the North America Contract segment. The company issued $550 million Term Loan B during the quarter, extending the maturity date by four years to 2032.
Key Highlights
- 1
Net sales for the first quarter of fiscal 2026 reached $955.7 million, reflecting a 10.9% increase year-over-year.
- 2
Organically, net sales increased by 10.0% compared to the prior year.
- 3
The company reported orders of $885.4 million, a decrease of 5.4% year-over-year.
- 4
Operating margin improved significantly to 5.6%, compared to 1.8% in the prior year.
- 5
Adjusted earnings per share - diluted increased by 25.0% to $0.45.
- 6
North America Contract segment net sales increased by 12.1% to $533.9 million.
- 7
Liquidity as of August 30, 2025, was $480.5 million, reflecting cash on hand and Revolving Credit Facility availability.
Management Comments
Andi Owen
"We are pleased with our strong start to fiscal 2026, exceeding our expectations, and reflecting strong execution by our teams, improving conditions in several key markets, and continued progress on our strategic growth initiatives. Our first quarter performance demonstrates the ability of our business model to deliver revenue and earnings growth while maintaining balance sheet strength and navigating dynamic external pressures. As we look to the balance of our year, we are excited for the recently announced leadership changes on our Board of Directors and Executive team and the growth opportunities we have ahead."
Informational and educational content only. Not investment advice.