earnings
confidence high
sentiment negative
materiality 0.75
MillerKnoll Q3 sales $1.03B, orders $1.1B; GAAP EPS $0.16; Knoll synergy on track
MILLERKNOLL, INC.
2022-Q3 EPS reported
-$0.72
revenue$2,845,500,000
- Net sales $1.03B (+74.3% YoY) driven by Knoll acquisition and organic growth.
- GAAP diluted EPS $0.16 (down 77.1% YoY); adjusted EPS $0.28 (down 56.9%).
- Orders $1.1B (+93.6% YoY; +31.5% organic); backlog $1.02B.
- MillerKnoll reaffirms $120M run-rate cost synergy target from Knoll within 3 years.
- Gross margin 32.7% vs 39.1% a year ago on inflationary costs and mix.