MillerKnoll Shines Bright in Contract and Design Industry: Strong Q4 2026 Results and Exciting Outlook
MillerKnoll, a leading provider of furniture and design solutions, has showcased its impressive performance in the contract and design industry with strong results for the fourth quarter (Q4) of fiscal year 2026. During the company's recent quarterly earnings conference call, Jeff Stutz, incoming interim CEO, shared his initial observations and priorities as he takes on the role, highlighting the exciting work and momentum underway across the business.
According to Stutz, MillerKnoll has been spending significant time with its teams, dealers, and customers, reinforcing that his focus is enabling their success while driving improved performance and execution. This effort was demonstrated at three marquee events for the contract and design industry, including Clerkenwell Design Week in London, where the company's showrooms were at the center of the show, and Design Days in Chicago's Fulton Market.
The results for Q4 2026 have been equally impressive, with revenue reaching just over $1 billion, up 4.4% year-over-year and above guidance, driven by growth in North America Contract and Global Retail. Adjusted EPS of $0.55 was at the top end of the company's guidance range, while net sales for the full fiscal year topped $3.8 billion with an adjusted earnings per share of $1.86.
In North America Contract, MillerKnoll delivered another quarter of solid sales growth and year-over-year expansion in both gross margin and adjusted operating margin, driven by volume leverage and price capture. Despite orders being down in the quarter compared to last year, primarily from lapping $55 million-$60 million in prior year order pull ahead, the company continues to see encouraging demand signals across key leading indicators.
According to Stutz, traffic and showroom visits during Design Days were up nicely, and internal forward demand indicators consistently tracked by the company were all up both year-over-year and sequentially. Industry benchmarks also show that across geographies, healthy leasing demand continues.
The company's strong performance in Q4 2026 reflects its commitment to innovation and customer satisfaction. As MillerKnoll looks ahead to fiscal year 2027, it has identified three clear areas of focus: elevating operating discipline, cost discipline, and strengthening the balance sheet by reducing debt and improving cash flow.
With a solid foundation in place, MillerKnoll is poised for continued success in the contract and design industry. As Jeff Stutz takes on his new role as interim CEO, he will be working closely with the leadership team to drive performance and execution, ensuring that the company continues to shine brightly in its core markets.
The outlook for MillerKnoll remains bright, with a strong pipeline of projects and a continued focus on innovation and customer satisfaction. As the company looks ahead to fiscal year 2027, it is clear that MillerKnoll will remain a leading player in the contract and design industry.
