NASDAQ$MLKN
Millerknoll Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported strong retail performance and improving global trends offsetting demand pressures in North America.
Herman Miller reported a decrease in consolidated net sales by 7% compared to last year and 13% organically, but was offset by strong retail segment growth with orders up 40%. Operating margins improved to 15.2% and earnings per share reached $1.24.
- Retail business led the way with orders up 40% over last year, driven by the Home Office category.
- North America segment experienced a year-over-year decline of 40% due to the effects of COVID-19.
- International segment saw improved demand, with orders up 26% on a reported basis and down 9% organically.
- Operating margins improved to 15.2%, reflecting strong channel and product mix and effective expense management.
Headline financials
Revenue & EPS history
MillerKnoll · Revenue · Quarterly
$627M
Revenue by segment
MillerKnoll · $493M total across 2 segments · Q1 2021
- North America Contract$339M—68.8%
- International Contract$154M—31.2%
Forward guidance
While encouraged by strategic progress, the company is continuing to suspend sales and earnings guidance given the uncertain demand environment due to the global pandemic. Recent demand patterns and backlog are relevant data points for estimating near-term revenue opportunity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2021
+0.6%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+2.4%
Avg return
30 days after
45%
26 / 58 earnings
Positive
+38.9%
Q1 2021
Best reaction
-23.0%
Q3 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -23.0% | -8.8% | — | |
| Q2 2026 | +7.7% | +3.0% | +10.1% | |
| Q1 2026 | -11.0% | -6.3% | -8.3% | |
| Q4 2025 | -0.3% | -2.1% | +7.7% | |
| Q3 2025 | +10.7% | +4.7% | -10.4% | |
| Q2 2025 | -9.1% | -12.7% | -13.6% | |
| Q1 2025 | -15.1% | -10.9% | -8.8% | |
| Q4 2024 | +3.0% | +3.2% | +16.4% | |
| Q3 2024 | -17.4% | -12.8% | -14.2% | |
| Q2 2024 | -2.9% | -3.3% | -12.1% | |
| Q1 2024 | +24.1% | +23.8% | +16.4% | |
| Q4 2023 | +9.8% | +6.1% | +26.2% | |
| Q3 2023 | -5.2% | -2.0% | -16.7% | |
| Q2 2023 | +14.8% | +16.4% | +24.1% | |
| Q1 2023 | -11.3% | -11.2% | +8.9% | |
| Q4 2022 | -7.5% | -7.0% | +6.0% | |
| Q3 2022 | +10.7% | +9.8% | +5.2% | |
| Q2 2022 | -5.3% | -10.3% | -6.2% | |
| Q1 2022 | -4.4% | -1.1% | -1.2% | |
| Q4 2021 | -7.6% | -3.5% | -11.3% | |
| Q3 2021 | -0.2% | -0.6% | +6.5% | |
| Q2 2021 | -12.7% | -16.1% | -11.6% | |
| Q1 2021 | +38.9% | +27.7% | +33.8% | |
| Q4 2020 | -4.8% | -10.0% | -4.3% | |
| Q3 2020 | +5.2% | +16.6% | +21.7% | |
| Q2 2020 | -9.5% | -10.1% | -13.3% | |
| Q1 2020 | +1.3% | +3.2% | +2.7% | |
| Q4 2019 | +18.8% | +18.5% | +23.1% | |
| Q3 2019 | -0.4% | -3.5% | +5.3% | |
| Q2 2019 | -0.9% | -5.1% | +12.1% | |
| Q1 2019 | +7.4% | +3.9% | -9.7% | |
| Q4 2018 | +12.4% | +13.0% | +11.9% | |
| Q3 2018 | -14.1% | -17.5% | -14.9% | |
| Q2 2018 | +7.2% | +5.7% | +13.0% | |
| Q1 2018 | -3.3% | -2.1% | +2.3% | |
| Q4 2017 | +9.3% | +10.0% | +10.6% | |
| Q3 2017 | +8.0% | +6.3% | +9.4% | |
| Q2 2017 | -4.2% | -5.4% | -13.5% | |
| Q1 2017 | -4.8% | -9.2% | -12.5% | |
| Q4 2016 | +3.2% | -10.7% | +3.3% | |
| Q3 2016 | +8.3% | — | — | |
| Q2 2016 | +1.9% | — | — | |
| Q1 2016 | +3.6% | — | — | |
| Q4 2015 | +1.8% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -0.5% | — | — | |
| Q1 2015 | +2.5% | — | — | |
| Q4 2014 | -5.0% | — | — | |
| Q3 2014 | +9.4% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | +3.8% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q4 2012 | +9.1% | — | — | |
| Q4 2009 | -6.1% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q1 2011 | -0.7% | — | — |
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