Filing Flows › Millerknoll (MLKN) › Q3 FY25
Millerknoll (MLKN) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 31, 2025
Millerknoll (MLKN) reported revenue of $876M for the third quarter fiscal 2025 (Q3 FY25), +0.4% from a year earlier and -10% from the quarter before. Operating margin was -9.4%, net loss $11.7M (1.3% of revenue).
Millerknoll, Q3 FY25: revenue $876M (+0.4% year over year), operating margin -9.4%, net loss $11.7M, operating cash flow $62.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $876M | -10% | +0.4% |
| Operating profit | −$82.2M | — | — |
| Net earnings | −$11.7M | — | — |
| Operating cash flow | $62.0M | +12% | +2% |
| Free cash flow | $38.8M | +18% | -12% |
What changed
Revenue was $876.2M in Q3 FY25, roughly flat year over year and down 10% from the previous quarter.
Gross margin was 37.9%, down 0.7 points from a year earlier. Operating costs exceeded revenue by $82.2M, an operating margin of -9.4%. Operating expenses grew 41% against flat revenue. The fastest-growing cost line was Other operating costs (+147%). The quarter ended with a net loss of $11.7M, after a profit of $35.2M the previous quarter. Net interest and other expense of $18.5M was the main reason.
Operating cash flow was $62.0M (up 2% year over year). Non-cash charges added back $34.3M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $33.3M. Capital expenditures of $23.2M left free cash flow of $38.8M.
Questions
What was Millerknoll's revenue in the third quarter fiscal 2025?
Millerknoll (MLKN) reported revenue of $876M for the third quarter fiscal 2025 (Q3 FY25), +0.4% from a year earlier and -10% from the quarter before.
Was Millerknoll profitable in the third quarter fiscal 2025?
Operating loss was $82.2M (-9.4% of revenue) and net loss $11.7M.
Source: Millerknoll 10-Q on SEC EDGAR.