MillerKnoll Q2 fiscal 2023 sales up 4% YoY to $1.07B; adjusted EPS $0.46; raises Knoll synergy target to $140M

MILLERKNOLL, INC.

2023-Q2 EPS reported $0.55 revenue$2,145,700,000

Sales $1,066.9M, up 4.0% YoY (8% organic); adjusted EPS $0.46 vs $0.54 prior year, down 14.8%.
Operating margin expanded in Americas Contract and International Contract & Specialty segments.
Knoll integration: $101M run-rate cost synergies captured; target raised to $140M within three years.
Orders $1,013.4M, down 12.5% YoY; backlog $815.4M, down 15.7%.
Net earnings attributable to MillerKnoll $16.0M vs loss of $1.7M in prior year quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MILLERKNOLL, INC. reported the quarter ended December 3, 2022 results: revenue $ 1,066.9, net income $ 16.0, EPS $ 0.21.

Period: the quarter ended December 3, 2022
Revenue: $ 1,066.9
Net income: $ 16.0
EPS: $ 0.21
Result: reported results

Exact text from the filing

(13 weeks) (13 weeks) (27 weeks) (26 weeks) Net Sales $ 1,066.9 $ 1,026.3 4.0 % $ 2,145.7 $ 1,816.0 18.2 % Gross Margin % 34.5 % 34.4 % N/A 34.5 % 34.7 % N/A Adjusted Gross Margin %* 34.5 % 34.9 % N/A 34.5 % 35.3 % N/A Operating Expenses $ 328.9 $ 346.8 (5.2) % $ 650.2 $ 677.1 (4.0) % Adjusted Operating Expenses* $ 303.9 $ 294.4 3.2 % $ 613.6 $ 529.6 15.9 % Operating Earnings (Loss) % 3.6 % 0.6 % N/A 4.2 % (2.6) % N/A Adjusted Operating Earnings %* 6.0 % 6.2 % N/A 5.9 % 6.2 % N/A Net Earnings (Loss) Attributable to MillerKnoll, Inc.

View on SEC.gov

Browse all earnings releases →

MILLERKNOLL, INC. filing history →

Source: SEC EDGAR

accession 0000066382-22-000075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.