MillerKnoll Inc.  today reported results for the first quarter of fiscal year 2024 which ended September 2, 2023.

Business Highlights

• Full year adjusted earnings guidance increased to a range of $1.85 to $2.15 per share.
• Gross margin improved 450 basis points on a consolidated basis over the prior year, with expansion reported in all three segments.
• Significant profit improvement in the Americas Contract segment which delivered reported and adjusted year-over-year operating margin expansion of 460 and 570 basis points respectively.
• Organic order growth of 2.1% for the Americas Contract segment over the prior year.

First Quarter Fiscal 2024 Financial Results