In the fourth quarter, MLKN reported impressive revenue of $961.8 million, outperforming the consensus estimate of $913.8 million. This robust performance was credited to effective execution across all areas of the company and the dedication of its global workforce. The CEO, Andi Owen, expressed optimism about the positive business trends and substantial order growth that the company is witnessing across various regions.
Looking ahead, the company remains confident in its ability to handle the shifting macroeconomic environment, thanks to its strong operational framework and healthy balance sheet. This financial stability positions MLKN well to continue investing in promising growth opportunities on the horizon.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for MillerKnoll Inc (MLKN, Financial) is $38.00 with a high estimate of $38.00 and a low estimate of $38.00. The average target implies an upside of 115.66% from the current price of $17.62. More detailed estimate data can be found on the MillerKnoll Inc (MLKN) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, MillerKnoll Inc's (MLKN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MillerKnoll Inc (MLKN, Financial) in one year is $25.98, suggesting a upside of 47.45% from the current price of $17.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MillerKnoll Inc (MLKN) Summary page.
MLKN Key Business Developments
Release Date: March 26, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- MillerKnoll Inc (MLKN, Financial) reported consolidated net sales of $876 million, marking an increase over the previous year.
- Global retail orders were up nearly 15%, with North America showing particularly strong demand.
- The company is expanding its retail footprint, with plans to open 10 to 15 new locations in fiscal 2026.
- MillerKnoll Inc (MLKN) has a strong new product pipeline, with launches up over 65% compared to the previous year.
- The company has a robust balance sheet, allowing it to invest in profitable growth opportunities despite macroeconomic uncertainties.
Negative Points
- North American contract orders were lower than expected, reflecting caution in the current economic environment.
- The company reported a loss per share of $0.19 for the quarter, compared to earnings per share of $0.30 in the prior year.
- Special charges related to intangible amortization, impairment, and restructuring amounted to $140 million.
- The international contract segment saw a decline in net sales and orders, impacted by global trade policy and macroeconomic challenges.
- Tariff-related uncertainties are expected to impact costs, with potential price surcharges being considered to manage volatility.
