Filing Flows › Millerknoll (MLKN) › Q1 FY27 › vs Q4 FY26
Millerknoll (MLKN) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Millerknoll's revenue fell $80.8M (-8%) from $1.0B in Q4 FY26 to $923M in Q1 FY27. The biggest changes: Workplace −$37.2M (-9%); Lifestyle −$32.0M (-10%); Performance Seating −$7.7M (-4%). Gross margin 41.7% against 39.4% (+2.3 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 41.7% | 39.4% | +2.3 pts |
| Operating margin | 5.6% | 5.1% | +0.5 pts |
| Net margin | 2.9% | 2.4% | +0.5 pts |
| Free cash flow margin | 1.8% | 2.6% | -0.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Workplace | $356M | $393M | −$37.2M | -9% |
| Lifestyle | $304M | $336M | −$32.0M | -10% |
| Performance Seating | $208M | $216M | −$7.7M | -4% |
| Other | $55.2M | $59.1M | −$3.9M | -7% |
| Revenue | $923M | $1.0B | −$80.8M | -8% |
| Gross profit | $385M | $396M | −$10.3M | -3% |
| Cost of revenue | $538M | $609M | −$70.5M | -12% |
| Operating profit | $51.8M | $51.4M | $400K | +0.8% |
| Operating expenses | $334M | $344M | −$10.7M | -3% |
| Pre-tax earnings | $35.2M | $36.8M | −$1.6M | -4% |
| Other expense, net | $16.6M | $14.6M | $2.0M | +14% |
| Research & development | $25.0M | $35.4M | −$10.4M | -29% |
| SG&A | $302M | $301M | $1.8M | +0.6% |
| Other operating costs | $6.0M | $8.1M | −$2.1M | -26% |
| Net earnings | $26.6M | $23.6M | $3.0M | +13% |
| Minority interests | $1.0M | $1.3M | −$300K | -23% |
| Income tax | $7.6M | $11.9M | −$4.3M | -36% |
| Depreciation & amortization | $34.5M | $38.2M | −$3.7M | -10% |
| Share-based compensation | $8.1M | $5.0M | $3.1M | +62% |
| Working capital & other | $20.1M | $2.0M | $18.1M | +905% |
| Operating cash flow | $49.1M | $64.8M | −$15.7M | -24% |
| Free cash flow (OCF − capex) | $16.6M | $25.9M | −$9.3M | -36% |
| Capital expenditures | $32.5M | $38.9M | −$6.4M | -16% |
Questions
How much did Millerknoll's revenue grow quarter over quarter in Q1 FY27?
Millerknoll's revenue fell $80.8M (-8%) from $1.0B in Q4 FY26 to $923M in Q1 FY27.
What drove Millerknoll's revenue change in Q1 FY27?
Workplace −$37.2M (-9%); Lifestyle −$32.0M (-10%); Performance Seating −$7.7M (-4%).