MillerKnoll Inc

Latest Results (08.01.2025):

Revenue Growth

MillerKnoll Inc. reported consolidated net sales of $970.4 million for the second quarter of fiscal year 2025, which ended on November 30, 2024. This represents a 2.2% increase compared to the same quarter in the previous year. The growth was primarily driven by strong performance in the International Contract & Specialty and Americas Contract segments.

Gross Margin

The company maintained a consolidated gross margin of 38.8% during the second quarter of fiscal year 2025. This figure is slightly lower than the 39.2% reported in the same quarter of the previous year, mainly due to changes in product mix during the quarter.

Earnings Per Share

MillerKnoll Inc. reported diluted earnings per share of $0.49 for the second quarter of fiscal year 2025, an increase of 8.9% from $0.45 in the same quarter of the previous year. Adjusted diluted earnings per share were $0.55, compared to $0.59 in the prior year, reflecting a decrease of 6.8%.

Shareholder Returns

During the first half of fiscal year 2025, MillerKnoll Inc. returned approximately $93.1 million to shareholders through dividends and share repurchases. In the second quarter alone, the company repurchased around 1.0 million shares, amounting to a total cash outlay of $23.1 million.

Liquidity and Debt

As of November 30, 2024, MillerKnoll Inc. had a liquidity position of $470.4 million, which includes cash on hand and availability on its revolving credit facility. The company generated $55.3 million of cash flow from operations during the second quarter and ended the quarter with a net debt-to-EBITDA ratio of 2.94x, as defined by its lending agreement.