earnings
confidence high
sentiment neutral
materiality 0.70
MillerKnoll Q2 net sales up 64% to $1.03B; adjusted EPS $0.51 vs $0.89 YoY
MILLERKNOLL, INC.
2022-Q2 EPS reported
-$0.92
revenue$1,816,000,000
- Net sales $1,026M, +63.9% YoY; orders $1,158M, +83.9% YoY.
- GAAP diluted EPS loss of $0.05; adjusted EPS of $0.51 (down 42.7% YoY).
- Adjusted operating margin 5.9% vs 11.7% YoY; gross margin 34.2% vs 39.0%.
- Knoll acquisition integration on track; now expects $120M in cost synergies by year three.
- Backlog grew 139.8% to $967M, signaling continued strong demand.