MILLERKNOLL, INC. reported full-year 2026 revenue of $3841.7M and net income of $91.5M attributable to the company, a turnaround from a loss in the prior year; diluted EPS was $1.32 for FY2026 versus $(0.54) in FY2025.
Financial Highlights
- Revenue was $3841.7M, compared with $3669.9M in the prior year; YoY change 4.7%.
- Net income was $91.5M, compared with $(36.9)M in the prior year; YoY change Turnaround.
- Diluted EPS was $1.32, compared with $(0.54) in the prior year.
Business Highlights
- Revenue growth of 4.7% (organic +3.6%) was driven by pricing actions, volume gains across segments and favorable foreign exchange translation.
- Retail and eCommerce expansion supported channel shifts, with the company growing its retail footprint to 93 stores and higher retail sales at DWR and Herman Miller locations.
- Brand momentum across Herman Miller, Knoll, DWR, HAY and Muuto was supported by product innovation and cross-brand retailing.
- Operational improvements from the Lean MK Performance System, order-driven manufacturing and sourcing strategies improved inventory turns and manufacturing flexibility.
- Operating expenses declined 5.9% year over year as prior-year impairment and integration charges subsided, while the company continued investments in stores and compensation.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.