MillerKnoll Q4 Profit Swings to $23.6M, Declares $0.1875 Dividend
MLKN•MillerKnoll swung to a $23.6 million net profit in fiscal Q4, reversing a $57.1 million loss a year earlier, on sales that rose 4.4% to $1.0 billion and EPS of $0.55, both topping estimates. The board declared an $0.1875 per share dividend, sending shares up over 18%.
1. Q4 Profit and EPS Beat
MillerKnoll swung to a net profit of $23.6 million in the fiscal fourth quarter ended May 30, compared with a $57.1 million loss in the prior year period. Earnings per share of $0.55 exceeded analyst estimates by 6.8%.
2. Revenue Growth and Regional Performance
Total Q4 sales rose 4.4% to $1.0 billion, surpassing a $973.9 million estimate. North America contract sales grew 6.9% to $530.2 million, international contract fell 3.8% to $178.7 million, and global retail sales, including a 5.5% increase in Middle East orders to $295.3 million, fueled overall growth.
3. Dividend Declaration and Share Reaction
The board approved a quarterly cash dividend of $0.1875 per share, payable July 15. The announcement triggered an 18% jump in share price during intraday trading.
4. Outlook and Balance Sheet Focus
For fiscal Q1 2027, MillerKnoll expects sales between $928 million and $968 million and full-year sales of $3.93 billion to $4.13 billion. The company is prioritizing debt reduction on a $1.26 billion balance sheet.
