MillerKnoll Reports Q1 Earnings with Revenue Decline but Maintains Full-Year Guidance
MillerKnoll, Inc. (MLKN) reported first-quarter results for fiscal year 2027 on September 22, 2026, showing a revenue decline of 3.4% to $923.4 million due primarily to demand headwinds in North America. Despite the drop, adjusted diluted earnings per share (EPS) rose to $0.53, partly driven by IEEPA tariff refunds. Consolidated orders grew 3.2%, with international and retail segments showing strength. The company maintained its full-year EPS guidance of $1.85–$2.15 through cost-containment measures but reduced revenue estimates due to first-quarter performance. North America Contract Revenue fell by 5.3% year-over-year, while International Contract Orders surged 17.3%, fueled by a major project win in South Korea. Operating cash flow improved significantly to $49.1 million compared to the prior year’s $9.4 million. Management also outlined plans for new store openings and highlighted risks from Canadian tariffs and PFAS regulations impacting inventory.
Tickers: $MLKN
Topics: corporate_earnings finance guidance revenue