Q3 2025 MillerKnoll Inc Earnings Call Transcript

Mar 26, 2025 / 09:00 PM GMT

Release Date Price: €16.7 (-2.34%)

Transcript 10-Q8-K

Key Points

Positve

MillerKnoll Inc (MLKN) 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

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.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MLKN.OQ - MillerKnoll Inc
Q3 2025 MillerKnoll Inc Earnings Call
Mar 26, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good evening and welcome to Mari Know's quarterly earnings conference call. As a reminder, this call is being recorded. I would now like to turn or introduce you to your host for today's conference, Wendy Watson, Vice President of investor relations.

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Unidentified_2 [2]
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Good evening and welcome to our 3rd quarter fiscal 2025 conference call. On with me are Andy Owen, Chief Executive Officer, and Jeff Stutz, Chief Financial Officer. Joining them for the Q&A session are John Michael, President of North America Contract, and Debbie Probst, President of Global

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