MillerKnoll (NASDAQ:MLKN) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

MillerKnoll (NASDAQ:MLKN) announced its earnings results on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02), Briefing.com reports. MillerKnoll had a negative net margin of 0.68% and a positive return on equity of 10.32%. During the same quarter in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.

Here are the key takeaways from MillerKnoll’s conference call:

• MillerKnoll reported solid demand with orders up 9.2% to $932M, consolidated Q3 net sales of $927M (up 5.8% reported / 3.8% organic), a backlog of $712M, and a 20-basis-point gross margin improvement to 38.1% led by North America Contract.
• The company strengthened its balance sheet—generated $61M of operating cash flow, reduced debt by $41M to a net debt/EBITDA of 2.75x (moving toward its 2.0–2.5x target), and finished the quarter with $594M of liquidity while maintaining the quarterly dividend.
• Management expects the Middle East conflict to directly reduce Q4 results by roughly $8M–$9M (about $0.09–$0.10 per share), including an inability to ship ~ $12M of orders and higher logistics costs from rising oil/diesel prices.
• Global Retail showed comparable sales growth (+5.5% overall; +3.9% North America) and plans to open 14–15 net stores this fiscal year (similar pace expected next year), but retail adjusted operating margin declined ~340 basis points due to prior-year freight benefits, weather-related promos, new store costs, and FX.

MillerKnoll Trading Up 1.3%

NASDAQ MLKN traded up $0.25 on Wednesday, hitting $19.36. 758,771 shares of the company were exchanged, compared to its average volume of 553,978. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.66 and a quick ratio of 0.95. MillerKnoll has a twelve month low of $13.77 and a twelve month high of $23.18. The firm has a market capitalization of $1.32 billion, a P/E ratio of -49.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.31. The company’s 50 day moving average price is $20.21 and its 200-day moving average price is $18.24.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Saturday, February 28th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, February 27th. MillerKnoll’s payout ratio is presently -192.31%.

More MillerKnoll News

Here are the key news stories impacting MillerKnoll this week:

• Neutral Sentiment: Official Q3 fiscal 2026 results released by MillerKnoll — the company reported its quarterly results and provided management commentary and financial detail in the PR Newswire release; this is the source document for the quarter’s performance. Read More.
• Neutral Sentiment: Full earnings call transcript available — management’s remarks and Q&A are published (useful to assess reasons for the miss, margin commentary, and any forward-looking detail). Investors should review for color on demand trends and cost actions. Read More.
• Neutral Sentiment: Earnings snapshot coverage — summaries (e.g., GreenwichTime) provide quick takes on revenue, EPS and segment performance; useful for a rapid read of the quarter vs. expectations. Read More.
• Neutral Sentiment: Short interest data flagged but appears unreliable — multiple recent reports show zero shares shorted (likely a data/reporting error); treat short-interest signals cautiously until corrected.
• Negative Sentiment: Shares plunged after the print — media reports and market coverage show a roughly double-digit after-hours decline driven by a worse‑than‑expected Q3 and a guidance miss, which is the main negative catalyst pressuring the stock. Read More.
• Negative Sentiment: Consensus/estimate misses cited by financial press — other outlets report MillerKnoll missed revenue estimates and that the stock dropped significantly following the miss, reinforcing the sell-off narrative. Read More.
• Negative Sentiment: After‑hours mover coverage highlights the downside reaction — roundups of post‑market movers list MLKN among the biggest decliners, indicating broad market attention to the miss. Read More.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research cut MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a research note on Monday, December 29th. William Blair initiated coverage on MillerKnoll in a research report on Tuesday, February 10th. They set an “outperform” rating on the stock. Finally, Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Trading of MillerKnoll

Hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after purchasing an additional 519 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of MillerKnoll during the 3rd quarter worth about $72,000. Canada Pension Plan Investment Board purchased a new stake in shares of MillerKnoll during the 2nd quarter worth about $82,000. Rexford Capital Inc. lifted its holdings in shares of MillerKnoll by 17.0% during the 4th quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock valued at $101,000 after buying an additional 800 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of MillerKnoll by 21.1% during the 4th quarter. Royal Bank of Canada now owns 6,446 shares of the company’s stock valued at $118,000 after buying an additional 1,123 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Company Profile

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.