$MLKN

MILLER HERMAN INC

CIK:0000066382|SEC Filings

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Aug. 29, 2026	Aug. 30, 2025
Statement of Comprehensive Income [Abstract]
Net sales	$ 923.4	$ 955.7
Cost of sales	538.1	587.6
Gross margin	385.3	368.1
Operating expenses:
Selling, general and administrative	302.5	293.8
Restructuring expense	6.0	0.5
Design and research	25.0	20.3
Total operating expenses	333.5	314.6
Operating earnings	51.8	53.5
Interest expense	16.2	18.4
Interest and other investment income	(0.9)	(1.1)
Other expense, net	1.3	7.5
Earnings before income taxes	35.2	28.7
Income tax expense	7.6	7.6
Net earnings	27.6	21.1
Net earnings attributable to redeemable noncontrolling interests	1.0	0.9
Net earnings attributable to MillerKnoll, Inc.	$ 26.6	$ 20.2
Earnings per share - basic (in dollar per share)	$ 0.38	$ 0.29
Earnings per share - diluted (in dollar per share)	$ 0.38	$ 0.29
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	$ (3.8)	$ 18.4
Pension and post-retirement liability adjustments	0.2	0.1
Unrealized gain (loss) on interest rate swap agreement	0.2	(5.8)
Other comprehensive (loss) income, net of tax	(3.4)	12.7
Comprehensive income	24.2	33.8
Comprehensive income attributable to redeemable noncontrolling interests	1.0	0.9
Comprehensive income attributable to MillerKnoll, Inc.	$ 23.2	$ 32.9

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Aug. 29, 2026	Aug. 30, 2025
Cash Flows from Operating Activities:
Net earnings	$ 27.6	$ 21.1
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	34.5	35.4
Stock-based compensation	8.1	9.3
Amortization of deferred financing costs	0.6	0.8
Loss on extinguishment of debt	0.0	7.8
Deferred taxes	0.1	(0.3)
Restructuring expense	1.6	0.5
Decrease (increase) in current assets	9.2	(1.6)
Decrease in current liabilities	(31.6)	(61.4)
Other, net	(1.0)	(2.2)
Net Cash Provided by Operating Activities	49.1	9.4
Cash Flows from Investing Activities:
Collection of notes receivable	1.0	0.6
Capital expenditures	(32.5)	(30.7)
Other, net	(0.6)	(0.4)
Net Cash Used in Investing Activities	(32.1)	(30.5)
Cash Flows from Financing Activities:
Repayments of long-term debt	(3.9)	(603.1)
Proceeds from issuance of debt, net of costs	0.0	544.4
Payments of deferred financing costs	0.0	(1.2)
Proceeds from credit facility	275.4	341.6
Repayments of credit facility	(273.1)	(272.7)
Proceeds from securitization facility	18.2	0.0
Repayments to securitization facility	(4.6)	0.0
Dividends paid	(12.8)	(12.7)
Common stock issued	4.6	0.9
Common stock repurchases and payments for taxes related to net share settlement of equity awards	(9.5)	(7.2)
Other, net	0.9	0.8
Net Cash Used in Financing Activities	(4.8)	(9.2)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(1.3)	3.8
Net Increase (Decrease) in Cash and Cash Equivalents	10.9	(26.5)
Cash and Cash Equivalents, Beginning of Period	167.7	193.7
Cash and Cash Equivalents, End of Period	$ 178.6	$ 167.2

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 29, 2026	May 30, 2026
Current Assets:
Cash and cash equivalents	$ 178.6	$ 167.7
Accounts receivable, net of allowance of $7.8 and $8.4	314.3	357.4
Unbilled accounts receivable	30.1	18.3
Inventories, net	514.7	488.4
Prepaid expenses	86.0	88.7
Other current assets	16.3	16.7
Total current assets	1,140.0	1,137.2
Property and equipment, net of accumulated depreciation of $1,235.4 and $1,221.3	515.4	511.3
Right of use assets	451.2	445.9
Goodwill	1,159.4	1,161.3
Indefinite-lived intangibles	434.6	435.3
Other amortizable intangibles, net of accumulated amortization of $310.9 and $304.1	205.2	214.0
Other noncurrent assets	97.1	95.5
Total Assets	4,002.9	4,000.5
Current Liabilities:
Accounts payable	253.5	279.1
Short-term borrowings and current portion of long-term debt	28.4	25.1
Accrued compensation and benefits	90.1	93.8
Short-term lease liability	81.7	82.0
Accrued warranty	17.3	16.7
Customer deposits	95.1	89.7
Other accrued liabilities	126.2	134.7
Total current liabilities	692.3	721.1
Long-term debt	1,270.4	1,260.6
Pension and post-retirement benefits	6.9	7.0
Lease liabilities	440.2	433.8
Accrued warranty	52.3	52.6
Other liabilities	120.8	119.5
Total Liabilities	2,582.9	2,594.6
Redeemable noncontrolling interests	63.8	63.3
Stockholders' Equity:
Preferred stock, no par value (10,000,000 shares authorized, none issued)	0.0	0.0
Common stock, $0.20 par value (240,000,000 shares authorized, 68,779,507 and 68,180,011 shares issued and outstanding in fiscal 2027 and 2026, respectively)	13.7	13.6
Additional paid-in capital	697.5	694.3
Retained earnings	717.7	704.0
Accumulated other comprehensive loss	(72.7)	(69.3)
Total Stockholders' Equity	1,356.2	1,342.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity	$ 4,002.9	$ 4,000.5