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MillerKnoll MLKN North America Contract: — Adjusted cost of sales

Other segment segments

Global Retail:
$162M+7.3%
International Contract:
$112.5M-4.3%

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$6.68M-1.0%

Other financials

Income statement

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Revenue$1.0B+4.4%
Gross profit$395.6M+5.0%
Operating income$51.4M-6.5%
Net income$23.6M+141%
EPS (diluted)$0.34+141%

Balance sheet

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Cash & equivalents$167.7M-13.4%
Total debt$1.8B-2.0%
Total equity$1.3B+5.2%
Total assets$4.0B+1.3%

Cash flow

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Operating cash flow$64.8M-8.6%
CapEx$38.9M-1.5%
Free cash flow$25.9M-17.5%

Valuation

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Market cap$1.67B+22.7%
Enterprise value$3.3B+9.9%
P/E18.2×
P/S0.4×+0.1×

Profitability

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Gross margin38.8%0.0pp
Operating margin5.2%+3.8pp
Net margin2.4%+1.8pp
FCF margin2%-0.8pp

Returns & leverage

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Return on equity7%+5.4pp
Debt / equity1.3×-0.1×
Current ratio1.6×0.0×

Where this comes from

Reported directly by MillerKnoll in its filing.

Tagged under the XBRL concept mlkn:CostOfSalesAdjusted.

The source filing: MillerKnoll’s 10-K, filed July 20, 2026.

Filed
Jul 20, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0000066382-26-000092
(In millions)Year Ended / May 30, 2026Year Ended / May 31, 2025Year Ended / June 1, 2024
Adjusted cost of sales(1):
North America Contract$1,306.3$1,262.4$1,224.5
International Contract431.2419.2$412.5
Global Retail613.8565.2$571.9
(1) Adjusted cost of sales is defined as cost of sales excluding, when they occur, the impacts of restructuring charges and integration charges, that may not be indicative of ongoing operations.

Item 8 Financial Statements and Supplementary Data

FAQ

What is MillerKnoll's north america contract: — adjusted cost of sales?
MillerKnoll (MLKN) reported north america contract: — adjusted cost of sales of $332.9M in Q1 2026.
How has MillerKnoll's north america contract: — adjusted cost of sales changed year-over-year?
MillerKnoll's north america contract: — adjusted cost of sales increased by 5.2% year-over-year, from $316.4M to $332.9M.
What is the long-term trend for MillerKnoll's north america contract: — adjusted cost of sales?
Over 3 years (2023 to 2026), MillerKnoll's north america contract: — adjusted cost of sales has grown at a -3.1% compound annual growth rate (CAGR), from $1.43B to $1.31B.
What does north america contract: — adjusted cost of sales mean?
The direct costs associated with producing and delivering furniture products, excluding non-recurring or unusual items to provide a normalized view of production efficiency. This metric is critical for assessing the segment's gross margin performance and manufacturing cost control.

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