MillerKnoll Q1 sales up 37% to $1.08B; net income $25.8M vs loss a year ago

MILLERKNOLL, INC.

2023-Q1 EPS reported $0.34 revenue$1,078,800,000

Net sales $1,078.8M (+36.6% YoY, +12% organic); diluted EPS $0.34 vs ($0.92) loss; adjusted EPS $0.44 vs $0.50.
Gross margin 34.5% (adjusted 34.5%) vs 35.2% (adjusted 36.0%); operating margin 4.7% vs (6.7)% loss.
Orders $1,013.1M (+10.5%); backlog $868.6M (+3.9%); Q1 had 14 weeks vs 13 weeks in prior year.
Captured $80M run-rate cost synergies from Knoll; on track for $120M within three years of acquisition.

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