MillerKnoll Reports Mixed Q4 Results, Adjusted EPS Decline, and Modest FY27 Outlook

summarizeSummary

MillerKnoll reported Q4 and full fiscal year 2026 results with a return to GAAP profitability, but adjusted EPS declined and Q4 orders were down. The company's fiscal 2027 guidance projects modest sales growth but largely flat adjusted EPS.

check_boxKey Events · Earnings and Guidance · MLKN

• Q4 Fiscal 2026 Results

  Net sales reached $1.004 billion (up 4.4% year-over-year) and diluted EPS was $0.34 (compared to -$0.84 in the prior year). Adjusted diluted EPS was $0.55, an 8.3% decline year-over-year.

• Full Fiscal Year 2026 Results

  Net sales were $3.842 billion (up 4.7% year-over-year) and diluted EPS was $1.32 (compared to -$0.54 in the prior year). Adjusted diluted EPS was $1.86, a 4.6% decline year-over-year.

• Order Decline

  Q4 orders decreased by 6.3% to $971.5 million, with an organic decline of 6.9%, primarily attributed to a prior year order pull-forward.

• Fiscal 2027 Outlook

  For Q1 FY2027, net sales are projected between $928 million and $968 million, with adjusted diluted EPS between $0.33 and $0.39. Full year 2027 net sales are expected to be $3.93 billion to $4.13 billion, with adjusted diluted EPS between $1.85 and $2.15.

auto_awesomeAnalysis · MLKN · Manufacturing

MillerKnoll's Q4 and full fiscal year 2026 results show a return to GAAP profitability, which is a positive development. However, adjusted earnings per share declined year-over-year for both the quarter and the full year. The company also reported a decrease in orders for Q4, and its Q1 fiscal 2027 guidance for adjusted EPS is sequentially lower than Q4 2026. While full year 2027 guidance projects modest sales growth, the adjusted EPS outlook is largely flat, indicating ongoing challenges despite the GAAP turnaround.