MillerKnoll Q1 sales slip 3.4% but net income jumps 31.7% on tariff refunds and lower costs

Filed September 28, 2026 · Period ending August 29, 2026 · Compared to 10-Q Sep 29, 2025 · ~1 min read

Key Changes

• high

  Net income rose 31.7% to $26.6 million despite a 3.4% sales decline, as $16.5 million in IEEPA tariff refunds and lower debt costs boosted the bottom line.

  MD&A: Results verify on EDGAR →
• high

  Operating income fell 3% to $51.8 million, so the earnings improvement came from below the line: a $7.8 million prior-year debt extinguishment loss did not recur and the tax rate dropped to 21.5%.

  MD&A: Results verify on EDGAR →
• medium

  Orders rose 3.2% to $913.9 million, a sharp reversal from last year's 5.4% decline, signaling potential future sales recovery.

  MD&A: Orders verify on EDGAR →