other material
confidence high
sentiment neutral
materiality 0.50
Herman Miller restates FY20-21 segment data; Americas Contract op earnings $91.7M, Global Retail swings to profit
MILLERKNOLL, INC.
- Realigned into Americas Contract, International Contract, Global Retail, & Knoll segments effective May 30, 2021.
- Americas Contract FY21 operating earnings $91.7M (7.0% margin), down from $162.1M in FY20.
- Global Retail posted FY21 operating earnings $143.0M vs. a FY20 operating loss of $160.7M.
- International Contract FY21 operating earnings $48.5M vs. FY20 operating loss $0.4M.
- Knoll segment has no historical data as it was acquired in Q1 FY22.