MILLERKNOLL, INC. (MLKN) Form 8-K — Sep 22, 2026
MillerKnoll (NASDAQ: MLKN) reported Q1 FY2027 results on September 22, 2026, with net sales of $923.4 million, down 3.4% year-over-year, but adjusted diluted EPS of $0.53 beat expectations, up 17.8% from $0.45. Results included an approximately $10 million benefit from IEEPA tariff refunds, worth $0.11 of diluted EPS and 110 basis points of operating margin. Earnings quality is supported by 3.2% order growth ($913.9 million), gross margin expansion of 320 basis points to 41.7%, and a sharp improvement in operating cash flow to $49.1 million from $9.4 million.
Key figures
- Eps
- 0.38
- Revenue
- 923400000
- Guidance
- Q2 FY2027 net sales $972M-$1.012B, adjusted diluted EPS $0.43-$0.49; FY2027 net sales lowered to $3.88B-$4.03B (from $3.93B-$4.13B), adjusted diluted EPS maintained at $1.85-$2.15
- Net Income
- 26600000
- Total Debt
- 1298800000
- Total Assets
- 4002900000
- Cash Position
- 178600000
- Shares Outstanding
- 70040606
- Orders
- 913900000
- Backlog
- 669200000
- Adjusted eps
- 0.53
- Gross margin
- 41.7%
- Orders growth yoy
- 3.2%
- Dividend per share
- 0.1875
- Net debt to ebitda
- 2.75
- Tariff refund benefit
- $10 million operating income, $0.11 per share
- Adjusted operating margin
- 7.1%
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