earnings
confidence high
sentiment neutral
materiality 0.85
MillerKnoll Q4 sales $1.1B (+77% YoY), EPS $0.28; adjusted EPS $0.58; Knoll synergies $66M
MILLERKNOLL, INC.
2022-FY EPS reported
-$0.37
revenue$3,946,000,000
- Q4 net sales $1,100.5M, up 77% YoY including Knoll; organic growth 23%. Adjusted EPS $0.58 vs $0.59.
- Q4 net earnings $21.5M ($0.28 diluted EPS vs $0.15). Operating margin 5.2%, up 230 bps sequentially.
- Full-year net loss $(27.1)M on sales $3,946M; adjusted EPS $1.92 vs $3.07 prior year.
- Knoll integration: $66M run-rate cost synergies captured; on track for $120M within three years.
- Formal launch of contract dealer network in North America positions for future growth.