Filing Flows › Millerknoll (MLKN) › Q1 FY27 › vs Q1 FY26
Millerknoll (MLKN) Q1 FY27 vs Q1 FY26 (year over year)
Millerknoll's revenue fell $32.3M (-3%) from $956M in Q1 FY26 to $923M in Q1 FY27. The biggest changes: Workplace −$34.9M (-9%); Performance Seating +$3.0M (+1%); Other −$700K (-1%). Gross margin 41.7% against 38.5% (+3.2 pts).
Millerknoll, Q1 FY27: revenue $923M (-3% year over year), operating margin 5.6%, net earnings $26.6M, operating cash flow $49.1M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 41.7% | 38.5% | +3.2 pts |
| Operating margin | 5.6% | 5.6% | +0.0 pts |
| Net margin | 2.9% | 2.1% | +0.8 pts |
| Free cash flow margin | 1.8% | -2.2% | +4.0 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Workplace | $356M | $391M | −$34.9M | -9% |
| Lifestyle | $304M | $304M | $300K | +0.1% |
| Performance Seating | $208M | $205M | $3.0M | +1% |
| Other | $55.2M | $55.9M | −$700K | -1% |
| Revenue | $923M | $956M | −$32.3M | -3% |
| Gross profit | $385M | $368M | $17.2M | +5% |
| Cost of revenue | $538M | $588M | −$49.5M | -8% |
| Operating profit | $51.8M | $53.5M | −$1.7M | -3% |
| Operating expenses | $334M | $315M | $18.9M | +6% |
| Pre-tax earnings | $35.2M | $28.7M | $6.5M | +23% |
| Other expense, net | $16.6M | $24.8M | −$8.2M | -33% |
| Research & development | $25.0M | $20.3M | $4.7M | +23% |
| SG&A | $302M | $294M | $8.7M | +3% |
| Net earnings | $26.6M | $20.2M | $6.4M | +32% |
| Minority interests | $1.0M | $900K | $100K | +11% |
| Income tax | $7.6M | $7.6M | $0 | 0% |
| Depreciation & amortization | $34.5M | $35.4M | −$900K | -3% |
| Share-based compensation | $8.1M | $9.3M | −$1.2M | -13% |
| Working capital & other | $20.1M | $55.5M | −$35.4M | -64% |
| Operating cash flow | $49.1M | $9.4M | $39.7M | +422% |
| Free cash flow (OCF − capex) | $16.6M | −$21.3M | $37.9M | — |
| Capital expenditures | $32.5M | $30.7M | $1.8M | +6% |
Questions
How much did Millerknoll's revenue grow year over year in Q1 FY27?
Millerknoll's revenue fell $32.3M (-3%) from $956M in Q1 FY26 to $923M in Q1 FY27.
What drove Millerknoll's revenue change in Q1 FY27?
Workplace −$34.9M (-9%); Performance Seating +$3.0M (+1%); Other −$700K (-1%).