NASDAQ$MLKN

Millerknoll Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Herman Miller reported strong Q4 2021 results, driven by growth in the Retail segment and improved demand in North America Contract.

Herman Miller reported a 30.6% increase in net sales for the fourth quarter of fiscal year 2021, with significant growth in the Retail segment and improving demand trends in the North America Contract segment. The company also announced a pending acquisition of Knoll, Inc. to create a preeminent leader in modern design.

  • Consolidated net sales increased by 30.6% to $621.5 million.
  • Orders increased by 28.8% to $689.4 million.
  • Retail segment sales and orders increased by 106.1% and 81.0%, respectively.
  • The company expects sales in the first quarter of fiscal 2022 to range between $640 million and $670 million.

Headline financials

Total Revenue

$622M

Previous: $476M+30.6%
EPS (adj)

$0.56

Previous: $0.11+409.1%
Gross Margin

36.0%

Previous: 34.9%+3.2%
Capital Expenditures

$17M

Previous: $12.5M+36.0%
Free Cash Flow

$55.2M

Previous: $17.5M+215.4%
Net Income

$9.3M

Previous: -$178M+105.2%
Operating Income

$9.2M

Previous: -$211M+104.4%
Gross Profit

$224M

Previous: $166M+35.1%
Cash & Equivalents

$396M

Previous: $454M-12.7%
Total Assets

$2.06B

Previous: $2.04B+0.9%
Stock-Based Comp

$2.9M

Previous: -$5.2M+155.8%

Revenue & EPS history

MillerKnoll · Revenue · Quarterly

$622M

Q4 2021+30.6%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

MillerKnoll · $446M total across 2 segments · Q4 2021

  • North America Contract
    $264M
  • International Contract
    $182M

Forward guidance

The company expects sales in the first quarter of fiscal 2022 to range between $640 million and $670 million, and adjusted earnings per share to be between $0.52 and $0.58.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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