MLKN
MillerKnoll, Inc.16.69
+0.05+0.3%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.14BP/E (TTM)
-Basic EPS (TTM)
-0.23Dividend Yield
0.05%Recent Filings
8-K
Refinances $549M term loan
MillerKnoll refinanced its $550M 2025 Term Loan B with a new 2026 facility of $548.6M on February 10, 2026, extending maturity to August 7, 2032. Interest rates dropped 25 basis points to SOFR + 2.00% or base + 1.00%. Prepayments face a 1% premium for six months on repricing events. This eases near-term debt pressure.
8-K
Appoints ex-J.Jill CEO to board
MillerKnoll appointed Claire Spofford, ex-CEO of J.Jill, to its Board of Directors and Compensation Committee on January 13, 2026, expanding the board from 10 to 11 members. Spofford brings 30+ years in retail, transforming brands like J.Jill and Cornerstone into profitable omnichannel models. She bolsters consumer insight. No related transactions disclosed.
10-Q
Q2 FY2026 results
MillerKnoll posted Q2 FY2026 net sales of $955.2M, down 1.6% y/y yet lifting six-month totals to $1,910.9M, up 4.3% y/y amid resilient orders. Gross margin edged to 39.0% from 38.8%, but operating earnings slipped to $48.5M from $62.5M as expenses climbed on retail expansion and compensation; diluted EPS fell to $0.35 from $0.49, matching $44.4M net earnings over 69.0M shares. Cash dipped to $180.4M with $74.0M operating cash flow less $61.3M capex yielding $12.7M FCF (derived); total debt held at $1,350.2M including $345.0M revolver draw versus $367.9M availability. Debt refinancing trimmed rates, but Term Loan B extinguishment hit $7.8M. Orders grew 5.5% y/y. Tariffs pressure margins.
8-K
Q2 sales dip, orders rise
MillerKnoll posted Q2 FY2026 net sales of $955.2M, down 1.6% YoY, yet orders surged 5.5% to $972.5M across all segments. Gross margin ticked up to 39.0%, but operating margin slipped to 5.1% from higher expenses including $7.4M special charges. Orders beat sales. Q3 guides $923M-$963M sales, $0.42-$0.48 adjusted EPS.
8-K
Veltman named permanent CFO
MillerKnoll appointed Kevin Veltman as permanent Chief Financial Officer on October 16, 2025, following his interim role since September 8. Veltman, a decade-long veteran who led the Knoll integration, now oversees global financial operations with a boosted base salary of $520,000 and equity awards totaling $500,000 in PSUs and RSUs. This move stabilizes leadership amid the transition of former CFO Jeff Stutz to COO. Internal promotions like this build continuity.
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