NASDAQ$MLKN
Millerknoll Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Reported mixed results with order growth and margin improvement offset by sales decline.
MillerKnoll reported a decrease in net sales by 6.1% year-over-year, but orders increased by 2.4%. The company reported a diluted loss per share of $0.02 compared to earnings per share of $0.22 in the same period last year. Adjusted diluted earnings per share were $0.36 compared to $0.37 last year. The company is maintaining its full year adjusted earnings guidance of $2.20 per share.
- Orders increased by 2.4% on a reported basis and 3.5% organically.
- Ending backlog increased 9.2% from last year to $758.0 million.
- Global Retail segment gross margin improved by 160 basis points due to operational improvements.
- Americas Contract new orders increased 5.2% from the previous year.
Headline financials
Revenue & EPS history
MillerKnoll · Revenue · Quarterly
$862M
Revenue by segment
MillerKnoll · $357M total across 2 segments · Q4 2022
- Global Retail$222M—62.0%
- International Contract$136M-25.2%38.0%
Forward guidance
The company expects net sales to range between $950 million to $990 million for the second quarter of fiscal year 2025. Adjusted diluted earnings in the second quarter are expected between $0.51 - $0.57 per share. The company is maintaining its full year adjusted earnings guidance of $2.20 per share.
Tailwinds
- Positive trends in global contract demand
- Increased backlog position
- Expected macro-economic improvements in the back half of this fiscal year.
Headwinds
- Shift in the holiday/cyber promotional period for our retail business.
- Estimate this shift in timing will move between $17 million and $23 million of net sales from the second quarter into the third quarter of this fiscal year.
- This is an important factor to consider when comparing quarterly sales and earnings estimates to our performance last fiscal year.
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 2025
+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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