The following is a summary of the MillerKnoll, Inc. (MLKN) Q2 2025 Earnings Call Transcript:

Financial Performance:

• MillerKnoll reported Q2 fiscal 2025 consolidated net sales of $970 million, a 2.2% year-over-year increase.

• Gross margin for the quarter was reported at 38.8%.

• Operating margin in the Americas segment improved to 10.2% from 9.4% in the previous year.

• Net debt to EBITDA ratio stood at 2.94 turns.

Business Progress:

• Americas Contract segment showed a 6.2% organic net sales increase, marking the third consecutive quarter of order growth.

• Introduced a refreshed Mirra 2 Chair with enhanced sustainability features.

• Planned opening of new Design Within Reach Studios and a Herman Miller store, expanding retail presence.

• Launched a new Fulfillment Center in Belgium to enhance supply chain efficiency in Europe.

Opportunities:

• Continued expansion in the Middle East and parts of Asia signals opportunities for growth in these regions.

• Strong order growth and customer engagement during promotional periods indicate positive market receptivity to new product launches and marketing strategies.

Risks:

• The potential implementation of new tariffs could impact costs and supply chain strategies, requiring adjustments in sourcing and pricing.

• Decreased order rates experienced in Q2 may affect near-term growth expectations, despite optimism for a pickup in later quarters.

More details: MillerKnoll IR

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