Millerknoll, Inc.: Quarterly report
MillerKnoll reported a 3.4% decrease in net sales to $923.4 million for the first quarter, while net earnings and orders increased.
Mixed for the companyWhat the numbers say
Revenue fell 3.4% to $923.4M versus the same quarter last year (8% down on the previous quarter); operating margin held at 5.6%; diluted EPS $0.38 versus $0.29; cash rose by $10.9M to $178.6M while debt was flat; diluted share count up 1.2% (dilution).
What happened
- Net sales decreased 3.4% to $923.4 million due to lower volumes in the North America Contract and International Contract segments, partially offset by $23 million from favorable pricing.
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