MILLERKNOLL, INC. SEC 10-Q Report

MillerKnoll, Inc., a leading global design company known for its innovative furniture and interior solutions, has released its latest Form 10-Q report, showcasing significant improvements in both financial and operational performance. The report highlights the company's robust growth across various segments and geographical regions, reflecting its strategic initiatives and market resilience. Financial Highlights Net sales: $955.7 million, representing an increase of 10.9% compared to the same quarter of the prior year.Gross margin: $368.1 million, with a gross margin percentage of 38.5%, a decrease of 50 basis points from the prior year due to increased net tariff-related costs.Operating earnings: $53.5 million, a significant increase of 252.0% from the prior year, driven by reduced integration charges and higher sales volume.Net earnings (loss) attributable to MillerKnoll, Inc.: $20.2 million, compared to a loss of $1.2 million in the prior year, reflecting improved operational performance.Earnings (loss) per share - diluted: $0.29, compared to a diluted loss per share of $0.02 in the prior year, indicating a strong recovery in profitability. Business Highlights Revenue Segments: The North America Contract segment reported net sales of $533.9 million, marking a 12.1% increase compared to the prior year.The International Contract segment achieved net sales of $167.5 million, reflecting a 14.4% increase.The Global Retail segment recorded net sales of $254.3 million, up 6.4% from the previous year. Geographical Performance: The United States contributed $694.4 million to net sales, while international markets accounted for $261.3 million. This indicates a strong performance in both domestic and international markets, with the U.S. showing significant growth. Sales Units: The North America Contract segment experienced increased sales volumes, contributing approximately $54 million to the overall sales increase.The International Contract and Global Retail segments also saw higher sales volumes, contributing $21 million and $9 million, respectively. Future Outlook: Management anticipates continued growth in the North America Contract segment, driven by increased sales volumes and strategic pricing actions.The company is also focused on expanding its retail store footprint, which is expected to support future sales growth in the Global Retail segment. SEC Filing: MILLERKNOLL, INC. [ MLKN ] - 10-Q - Sep. 29, 2025