NASDAQ: MLKN
MILLERKNOLL, INC.CIK 0000066382 · SIC 2520 · Office Furniture
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MillerKnoll Q1 sales slip 3.4% but net income jumps 31.7% on tariff refunds and lower costs
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MLKN: revenue $3.84B, net income $91.5M. MLKN operating income surges 4.7% to $198.3M as FY25 impairments clear; revenue +4.7%
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MillerKnoll raises director retirement age to 75, removes mandatory age-72 exit
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MillerKnoll reports 4.4% Q4 sales growth, announces interim CEO as leadership transitions
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MillerKnoll CEO Andi Owen retires effective June 30; COO Jeff Stutz named interim CEO
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Latest financial statements
From 10-Q filed Sep 28, 2026 (period ending Aug 29, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Comprehensive Income
| Description | Three months ended August 29, 2026 | Three months ended August 30, 2025 |
|---|---|---|
| Net sales | 100.0 | 100.0 |
| Cost of sales | 58.3 | 61.5 |
| Gross margin | 41.7 | 38.5 |
| Operating expenses | 36.1 | 32.9 |
| Operating earnings | 5.6 | 5.6 |
| Other expenses, net | 1.8 | 2.6 |
| Earnings before income taxes | 3.8 | 3.0 |
| Income tax expense | 0.8 | 0.8 |
| Net earnings | 3.0 | 2.2 |
| Net earnings attributable to redeemable noncontrolling interests | 0.1 | 0.1 |
| Net earnings attributable to MillerKnoll, Inc. | 2.9 | 2.1 |
Consolidated Balance Sheets (Unaudited)
(in millions, except per share amounts; mapped from filer XBRL tags, not printed on the filing face)
| Description | Aug 29, 2026 | May 30, 2026 |
|---|---|---|
| Cash and equivalents | 178.6 | 167.7 |
| Property, plant and equipment, net | 515.4 | 511.3 |
| Operating lease right-of-use assets, net | 451.2 | 445.9 |
| Finite-lived intangible assets, net | 205.2 | 214.0 |
| Goodwill | 1,159 | 1,161 |
| Other assets | 97.1 | 95.5 |
| TOTAL ASSETS | 4,003 | 4,000 |
| Unpaid losses and loss adjustment expenses | 13.0 | |
| Accounts payable and accrued liabilities | 253.5 | 279.1 |
| Long-term debt | 1,270 | 1,261 |
| Operating lease liabilities | 440.2 | 433.8 |
| Total liabilities | 2,583 | 2,595 |
| Shareholders' equity: | ||
| Common stock | 13.7 | 13.6 |
| Capital in excess of stated value | 697.5 | 694.3 |
| Accumulated other comprehensive income (loss) | (72.7) | (69.3) |
| Retained earnings (deficit) | 717.7 | 704.0 |
| Total shareholders' equity | 1,356 | 1,343 |
| Noncontrolling interest | 63.8 | 63.3 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 4,003 | 4,000 |
Consolidated Statements of Cash Flows (Unaudited)
(in millions, except per share amounts; mapped from filer XBRL tags, not printed on the filing face)
| Description | Q1 ended Aug 29, 2026 | Q1 ended Aug 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 49.1 | 9.4 |
| Investing Activities: | ||
| Net cash from investing activities | (32.1) | (30.5) |
| Financing Activities: | ||
| Net cash from financing activities | (4.8) | (9.2) |
| Effect of exchange rate changes | (1.3) | 3.8 |
| Net increase/(decrease) in cash | 10.9 | (26.5) |
Statements found on the EDGAR/iXBRL face print as filed; the rest are presentation-friendly mappings of filer XBRL tags, at the scale noted on each table. EPS as reported. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗