MLKN - Earnings call 1 2024 | MillerKnoll, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good evening, and welcome to MillerKnoll's Quarterly Earnings Conference Call.

As a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Vice President of Investor Relations, Carola Mengolini.

Carola Mengolini

Good evening, and welcome to MillerKnoll's First Quarter Fiscal 2024 Conference Call. I am joined by Andi Owen, Chief Executive Officer; and Jeff Stutz, Chief Financial Officer. Q&A Debbie John Retail. Propst, the Americas President during and Contract; President available session Michael, are of Also of Global

I information. over safe call turn please Before our remember to harbor Andi, forward-looking regarding the

these and the we During forward-looking the discuss over these the statements website which at factors, release. are on to assume and Please to may which as call no factors, that, expressed call, actual also other the in With context may millerknoll.com. and results risks, and information may different to evaluate involves than of certain supplement posted will or in today, our is uncertainties or reconciled Investor financial those detailed turn information unknown which today's known release the metrics, that and The management of Andi. forward-looking in are cause our to forward-looking update are be Relations implied. refer I non-GAAP obligation Andi? statements. We described press press

Andrea Owen

Good and enterprise, everyone, ourselves as evidenced that inflection call. share to you very thank at a I'm Across evening, expansion. conditions line market and for set and seize to an our point. team top results first we our improve, joining quarter, are excited by delivered strong we as have believe margin our our opportunity Carola. up Thanks, we

paying efforts we're horizon. America the including to in become our and work regarding and to to diversifying look to the North that forward e-commerce. both believe operations, continuing off highlight Now making business and global streamlining in much strategy, moving the investing production efficiently I'd resilient of our our with our we're and doing some more globally, future-proof business, is on We capacity like

physical space of continue Right we conditions begin the remain seen companies a the for companies the have the about globe. to office to both enthusiasm business return and this U.S. the still take We're as Office in near We've return to we still worldwide few now, our with announce construction can we're and early market around second same in rebound reflect hikes, varied dampens the uncertainty which quarter next and housing that flat economic months. and or segment. recovery, vigilance. economic time, stable announced policies. and period our remains At and value clients customers our ABI, pragmatic term on Institute for segments Index to to amongst suggesting in rate began back clients Architects' into leap of last months, XXXX, seeing policies. Moreover, and the office leasing the impacts so rates Retail industry that, said and most. Overall, continue to X the American seeing has about future highs Having XX-year Billing been we activity the a we're slow remain at the in mortgage of but we outlook. our focused deliver cause

our sharing our factors fresh, insights best be thriving based ideal to and and what we support designing and engaged perspective designing point and latest latest are fall, data Our thoughtful is research emphasizes the believe the view This This team data. basis workplace learning and the bringing quality to customers. the actionable of key on best-in-class, on we'll spaces to teams.

continue America deliver were wins. to these wider ability centered accounts. world our We've to rest out mainly in and softness, and to of further is and and of seek and pockets some seeing North seen scalability pursuing a advantage, global resilient sectors the of market Europe products a range that China. Similar we're unique Internationally, we'll

our and next to Miller expanding dealers dealers. wallet offering Herman into MillerKnoll to XX XX the clients with we transition our In dealers, share international plan addition, over months, more of our

to Pennsylvania, enhance to improve fortify the robust efforts foot resources North Retail, technological our promising the while American infrastructure, North aiming Europe traffic the delivered our to this that early year. upswing order trajectory Reach other Design a platforms and first results, allocating which market continued when digital deceleration Within awareness. Furthermore, surpassed interest and demand new all quarter, intensifying opened direct-to-consumer Regarding enhancements in overall strategically very in our compared of in in attributed we satisfaction regions, customer experience during the and American in previous store in to channel. primarily segment quarter, to to the influence placement. the across levels, housing have and the market rates We're Nevertheless including the the Ardmore, in has brand order

capture. Now bit is proof year-over-year of sequentially that. our about our and I've this segments. It gross talked I'd focusing expanded we and to on In of like all what our seeing can the from performance synergy margins. talk about improvements across past, control, derived a efficiency business little We're

mix, power. on we continue seek product management focused inventory and reductions. pricing We're have laser and We cost to

of of work every extremely the continue the All operations. to day seek to our key and are enabling proud all our I'm elements have us teams these improve core do of to seize that and opportunities. profitability done

the well collaboration The collective North Best with was System, their at We sustainable and strong the we collection many textiles introducing products also fresh ancillary NeoCon. made Morse of significant the MillerKnoll the our array awarded Herman we anniversary modern Table lamps with and and celebrated phase, strong Miller's Miller group, across Womb of table services. launching by this [indiscernible] products Sofa was at American pieces. quarter Throughout from NaughtOne's first beautiful Chair, our contract I'm The of Herman of height. XXth successful Tables of the Luva Gold fabrics progress activity, ] Modular with a we all Gabriel textiles Finally, textiles of largest We with Tan which presentation sustainability of you collection the quarter including our and Saarinen At with collective, as as our to walk so through on items. started debuted we our short new with a the of a towards team XXth quarter, I'll highlights. not HAY power beautiful facility. All in few out forefront. The classics, celebrated bringing other solar delivered. pleased launched a lounge Holly relaunched Hunt iconic goals, while anniversary and interpretation, operations all, a archival U.K. Knoll, [ Cyclade

ways and connecting arrive. and in business is exciting and capturing team Our opportunities we're as creative growth the share market moving forward they

our economic believe continued I'm positively I'll positively goals, remain are and value at I the over the partnership profitability. I'm industry to improve strategy transitional further ready and our us. While advancing to year, our deeper rest thank resilient indicators fiscal pockets deliver call towards in making shareholder our we more a efficiently financials. you year our the with and ability XXXX Jeff looking weakness will remaining. future. operating as for for to to trending our remain and want forward confident progressing of decisions to margins now I your look With impacting to that, a turn for of

Jeff Stutz

everyone. and Thank evening, good you, Andi,

our been several reflect very some that we said, As Andi strong communicating proud the we've just that quarters. quarter. of themes results teams a the The delivered over are past

several sectors geographies, action customer both fronts. diversification, segments; our on on margins, second, and and focus business across focus our across First, taking

the the which guidance. above quarter, For first generated midpoint $X.XX by per adjusted segments expansion our were the strong $XXX sales midpoint margin above of our guidance, were gross of net Americas quarter share, the earnings of million, in Overall, the overperformance. sales across our $X.XX performance we segment. Net the all driven business first and drove in Contract strong of

consolidated period marks quarter margin of third year gross basis. expansion. XXX Moreover, on this basis Our the which consecutive the ago than quarter sequential was a also year-over-year higher and gross a improved was consolidated XX%, adjusted points margin same

ongoing mentioned, of Andi including channel contributed shifts from synergies several realization positive and and increases, this, in As product benefits integration-related the mix. to factors price

Our consolidated margin the operating X% was adjusted for period.

flows to the sheet. Turning in cash balance

million same by an million nearly we mostly improvements. working from represents increase flow last to This year, driven in operations. approximately $XXX quarter, This capital quarter the of cash $XXX compared generated

of a lender puts first of $XX.X result debt-to-EBITDA ratio agreements. in with of quarter net cash comfortably the we and million this, opportunity debt limit approximately under the to our were repurchase $XX able us retire total took the which X.Xx, million. We finished a X.X outlay for shares defined a As to of million maximum

at the X.X% first of totaled in orders the from the million year. New level last organic consolidated an $XXX quarter, decrease quarter same reflecting

year-over-year the X.X% period last this of is from basis, were year. on sales net decrease rate again Americas improved organic the an Contract in $XXX quarter. Within last an decrease segment, million, the lower While representing once of quarter this from year same absolute our

particularly our levels encouraging team X reported Contract I'd it's quarter in which in totaled the up time to period New also X.X% last was first Americas over delivered segment. year. increase is margin, million, $XXX quarters XX.X% that like orders which This adjusted another the the in in totaled the of we've operating order Americas quarter. an double-digit the highlight fact in as

a X.X%. Specialty $XXX while million, year-over-year in of organically Turning reflecting decrease for totaled our year-over-year, at and down International organic million, Contract quarter to sales Net segment. XX.X% $XXX new the came orders

partially operating long-term this and demand. offset year-over-year, we down sales our by are continue headwinds, the While segment, lower to parts optimistic synergy gross be growth Europe, which near-term margin driven quarter, program. very was first in of potential continues Adjusted medium- the cost to in improved China price particularly X.X% from to about within in This by benefit volume. was increases this macroeconomic and segment impacting margin previous performance,

of in quarter Moving from down XX.X% quarter last sales the to $XXX Global Retail our year. Net segment. million, the first same organically were

this on were segment an ago million, basis. lower X.X% organic year than New in orders $XXX a of

North for the last rates continued year. the segment While American the to slowdown this in market interest globally affect demand the housing and compared in rise to

competitors. authentic preferred positioning our volume brands team expanding of design. about are the in a direct-to-consumer making progress our for some of market And product relative performance segment operating is mix. We in the order and was mainly are most our as our lower channels, Retail Adjusted X.X%, such, due we optimistic through the further of year-over-year, given share to margin mature as retail combination choices down our

Now turning guidance to outlook. near-term our and

increasing North in gross $X.XX and the improvements our guidance to are margins our the seeing share. business demand Contract range full signs segments expect each adjusted business, of for we which now continued Given fiscal of earnings per between our we across and we stabilization in American year, $X.XX are

year. relative into the point in XXXX, to seasonal segment the in our fiscal relates our be $X.XX we second experience to and out expect from to million earnings share. And I'd second and $XXX between increase it guidance range we and quarter diluted expect takes that adjusted of quarter As $X.XX consideration of that sales this to fiscal per to net quarter $XXX Retail million first the sales the between

So the we'll that with operator, the of call take to questions. overview now turn your and back numbers, the over I'll

Operator

Budd [Operator with first the comes Bugatch Tower from Research. Instructions] question line Your of Water

Beryl Bugatch

Congratulations Contract? the on quarter, seeing love I into saying some Americas show if the that. you to improvement in just the particularly your the in how that if And some order quarter. I up we're you're flow punching think during in how I the started? that quarter? can caught second went drift, the of make margin quarter late by did would has commentary in performance start And

Jeff Stutz

I'll start as see you if please fit. and this John add is then anyone Jeff. Andi, Budd, Yes, and

the quarter in some and of in September. just activity on couple the of Americas showed August positive, in of and the half So particular, the maybe weeks of signs first order was slowing first segment Budd, so

X year. But improved of the would around Now October growth reminder, with shown the zoom that a general a of as make X% which, activity, timing being gives ago us that September's price is demand certainly corner. year's much last was that said, past more at be in difficult over quarters the the some to confidence and expected that the week-to-week year start from increase, current the out we data, consistent trends comparisons more have when

So bit early it and a in August September. was choppy

you bump that put we place increase from up have? due October, sizable think I'll the price last tough And there. we're comps to but pause the I the beginning against of some anything seeing year John, of at in

John Michael

second Jeff. think, had, funnel if looked we've I'd that additions the add, additions we last had the the to of in just quarters. volume for XX quarter, funnel at we Thanks, I to the largest the

fair a day-to-day project So seen And still activity a activity. business from a perspective, we've maintain seeing we're steady as pace amount well. of the

point, So of I a opportunity. think to your Jeff, lot

overall, terms I seeing think markets, differences, very positive. strength regional but of right, we're some in of

Beryl Bugatch

you're that. sure you're that quarter with what that because and not and heard varying replaced seeing? Is lessened you're in maybe aware interesting Is we project had I'm That's that what business had the day-to-day activity had seeing?

John Michael

project day-to-day And the funnel, activity XX to the last for very seeing maintain terms steady days. pace. solid new We're in been adds of the a robust it's

Beryl Bugatch

you. Got

you And are the at Retail, any Okay. we're maybe the you bouncing not Debbie, in seeing seeing? getting that much worse what are or bottom indication any along and bottom?

Debbie Propst

from the saw would strong we August order a And but We So quarter was an heightened saw performance in that on pacing last attribute also Budd, very actually during basis, perspective flat we the June July, adjusted the just August. macroeconomic and obviously, the year. to months. our conditions, an summer throughout order travel until spend softness actually

have like feel we we momentum. So

other increased performance our the our investments we're as efficiencies and believe, at we we tactics improve engage to we all with taking benchmarks the how that the Additionally, externally, making given customer. and of marketing we're share, look

Andrea Owen

of Retail our and that the quarters points seeing largest the pick Budd, -- the the and encouraging also seeing the America momentum compared we one up that's business it's past really few about since one North segments. segment in of it's demand think where are we're to relative is important Andi, I strength Retail

Debbie Propst

And strategy, partners is into. limitations we where more the with of wholesale have that sell wholesale mature segment the we that business have a direct-to-consumer we our open-to-buy largely internationally

Beryl Bugatch

I is you're So DTC better you're seeing that seeing than in-store, what understand?

Debbie Propst

about We both business store and as business e-commerce our our business. think direct-to-consumer our

is the third-party products of a wholesale our into We also partners. have retail which business, sell-in

performing is now, and we deploy our right business can our wholesale in have levers that versus the resiliently business piece Our given we more agility much more of business. direct-to-consumer the in

Beryl Bugatch

wholesale that we domestic. primarily offshore, I is your understanding said And think not that this, my and was business

Debbie Propst

Primarily international.

Andrea Owen

Yes. That's correct, Budd.

Beryl Bugatch

of A Okay. couple things. other

You've that below sales reported. for the were Any year, update raised I the a at year. expectation full the year, the -- giving that modestly you you mentioned think Jeff? expectation guidance of And when on that the fiscal earnings guidance also the just end you've for sales

Jeff Stutz

Yes. the end out quarters place. Well, we're same of I several in think, largely we're mean I fiscal. to

I overperformance year. we think the that can the to take what line delivered believe signaled in QX, we make we full to sure that is we wanted that I we here bottom to year at we a in from end think we guide. there's intentionally of the revenue were a about revenue outlook you talked perspective. don't meaningful change But the as the remember, vague, when the

we're think place. basically So the I same in

Beryl Bugatch

do. do I I And last... remember.

Andrea Owen

bad. feel you course, Of

Beryl Bugatch

just restructuring. overcome. on that's you upcoming a process? charges the Do the for compensation is the is and fault the -- I you that Sorry, it see I'm primarily in on of is more bit just what little it in -- it's us Can trying salary, Last to me still the And restructuring that color side? a quarters? is where give

Jeff Stutz

Yes.

a maybe point clarity. Budd, So of

that So have U.S. reduction for actions the international restructuring-related that totaled expenses here and in charges the announced we and are call true of to tied charges have those quarter that costs both that some discussion, special total in the about that already I'll million. been A implemented. subset purposes $XX were of workforce

that end now our of as imminent plans a would will react we in-flight that that we is say we to at do. like of consolidation integration-related projects and the be point business for about of at a are The essentially restructuring. further Budd, can't X-year the relate that the costs, in-flight of next either goal, most to moves the cost, the to balance remainder there have where We're X-year conditions $X to be I so for other cost our synergy process, the the restructuring component was QX to are in nearing remaining of target fiscal those And mark. some we're to manufacturing-related always The related costs you just integration or planned. end the charges that program. And we showroom -- projects. total quarter achieve that capture full continue would year million. see ongoing related are of Obviously, and

sold So expenses well some from place. combination the in to of related as showroom work that impact be goods as that factory operating we've should got synergies cost you've a got moves of of further

as over of see projects. balance those some this complete more of we So you'll year that the fiscal

Beryl Bugatch

are continue going But do continue. integration it? see yet the as We is Is we'll you find compensation to amortization PI. you The So to quite the the not that that that sensitive -- workforce. those of know That's I understand side. affect. restructuring, and announced. things to will to going projects this that way may you're understand and And

Jeff Stutz

conditions the Again, have year. react do is necessarily business as to so. plans we'll announce of through we we Nor That to the correct. move balance them

Operator

comes with Your Greg Sidoti. question Burns from the line next of

Gregory Burns

North productivity the up Are In integration the of nearing end products? networks where process, move point still sell the curve a consolidation of of America to we're to gone? they now is Or the level the dealer expect to at learning how the we generating of there that full the up that them now level has fully need you speed and to? of that would portfolio they're

Andrea Owen

I overall, and have which Yes. learned I that. pleased mean I'll legacy companies. the all dealer corresponding But we're in pace color to with would at America the dealers say, the add designers from our let lines product John North our Greg, very some

John Michael

would say which course came meshed right? curve it side. we in They in And I the Yes, momentum just come what of a have the has new learning dealers learn way our 'XX really XX a I much selling had Miller slowly curve, learning exceeded characterize West that our pleased lot up of XX Honestly, from would stronger you the are but expectations year. Michigan, we we we from call we terms Knoll throughout of than We think expected, more We no I really XX there's week together. Obviously, up started the think bit dealers versa. I really than side, with we and together. to well our really, who expected. FY finished last legacy originally network vice we tell picked extremely Miller camp, a products of if couldn't products. the And from the largest cross-sell probably the

that's pleased the the with come So way really together. we're -- networks

Gregory Burns

impacting markets. that the sell how the to Great. you international some And issues portfolio? the what you Okay. I I addressing are macro -- that is we that the we And the about just adding some of but kind here challenges in there opportunity yet? know of opportunity not the organic really term? innings? Are understand then offset is of potential broader dealers, macro talk you're longer for far Can of still of seeing you're seeing very there in initiatives? the with some growth these to along much you that early maybe Are

Andrea Owen

Yes, that the focusing it's largest words on attention that begin I we Greg, now International. also could mouth. say And we this to learn business. North you of took so process our our would we're right focused America my on

beginning in -- are a as convert process. continuing particularly see So dealers. ancillary as runway to ] just selling We've specs, and Knoll the learning this Studio world. Knoll opportunity, we products rationalizing lot converted throughout the of product product, [ dealers but far We

offset. excited we about what actually a can have there, way we're it go pretty and So long to

internationally. beginning the So of we're process at the

Gregory Burns

And ahead. then Okay. -- Great. go

Andrea Owen

on really had Knoll the interior and retail primarily design customers. focused in dealers past. wholesale They very the contract limited

contract a that So you is would up product add, opening excited Anything that. effort, about and we're Jeff? dealers line new to

Jeff Stutz

Yes.

may expect And we comment Greg, format. just builds this of point dealer your those I that we've but network mentioned year. are of this this have -- of this to got international didn't of yet we're dealers kind Knoll an at network. that got that mean, at phasing that XX really -- recall And dealer of have another transitioned extensive XXX -- XX Miller year, dealer about international end MillerKnoll and we've the think, I dealers into XX about we Herman them on

pretty disciplined forward moving in would that clip, with say. we're a I So

Gregory Burns

the at any Are appreciate you're there right. Great. to? to All trying leverage, balanced you're approach your you comfortable to trying to taking allocation. Are reduce capital then X.Xx? kind further you that And of lastly, I going target forward? to Relative a is get

Jeff Stutz

with comfortable where certainly We're are now. the Jeff. Greg, Yes, X.X we

the over would path that a from migration said or changed path have time. that perspective. kind come we that a follow We beginning, down debt to from glide front level intend on see Nothing of has our

around somewhere in by term, that and see that demand the seem would is Xx of longer some think earnings leverage also we of business. power the influenced highly -- level I reasonable. But

simply move we that I So intend to forward, fussed with we in to we leverage the today. we're say debt would pay way no as just continue but have down ratio

Operator

Reuben Your next Garner the Benchmark. question with comes from of line

Reuben Garner

So, was a mentioned be elaborate inflection MillerKnoll can you Anything that was could kind a -- that profitability Is you that specifically? of would inflection if Andi, helpful. an comment macro on in Is perspective? an that. you curious that give I point. on that it comment? Was

Andrea Owen

macro perspective together. our customers, a research also the from done spending office, and Yes. sentiment we're from we've CEOs around that from around time to returning that hearing It's really and

I finding their think more are space. utilize of people bring clients back finding ways our ways together, that lot to a seeing to we

works flexibility. And new hybrid in through about moved John the funnel think to demand return projects of think remote new that to cycle talked a the world and I I has I as and has us, for together sentiment that return CEO well think often, excited we're majority of the the about more to meant. what that. being I and turned around and That's favor in

Reuben Garner

pull the project those kind phase? and Or still that is it maybe willingness about into of that way what so of in funnel John referenced, comment? goes point new willingness of the trigger planning this inflection work your seeing to projects? Are you on the about a that kind the change thinking And and

Andrea Owen

with there right year And is and as decision-makers this, going in We're for waiting they think is months guidance where they've confidence John, help some don't us. obviously, doing CEOs short to The a ago. I less used short John? else decision-making. add, shortened and organization, of from more please Would and to to Yes. sort the what's add certainly they see as be to from pre-COVID, into and everyone points, but their seeing boldly substantially decision you X what were

John Michael

would that of agree, before still lot goes the iterating a is there I on plan Andi, finally -- the that complete. is in

So sense of right. people are sure get add frustration that, and sense on really -- would want the and there that CEOs to maybe fence they even off this a decisions. it I and among topic, which of a to But some make Andi's these urgency leaders is for of point, catalyst to get growing on kind of is make sort activity of to projects a

our So for obviously, industry. for and positive that's us

Reuben Garner

sorry still an reflecting Are the Great. gotten this, are your increase you as room in margin recently you price/cost. of update back And on margin give we the can to an know in the I Jeremy, there? seeing of is Have as we Jeff, run Americas there I this cost? fully believe. rates price out current but missed double-digit where your you're that kind had guys I if or kind run summer,

Jeff Stutz

say Reuben, way. it Yes, I would this

So you correct. yes, are

all, July. increase me honest effective. of was July here, that of we have keep or an I'll confirm did was First beginning John,

been a years that to -- closer seeing and the and we So we XX% X% was past, in certainly it Recent had it X% years. on average. was not

will And that increases. to some So time of layer more price akin in. take to history typical

an plan upside to to think we that have highlight as And this want that so opportunity past so effort maybe the there's take further time on we spending been the over much and there. I synergy the some X-plus years. fact

it's And I we bit, little our been run see much and we believe. there's it's work. this in the favor layering for Those in comments masked a gross for -- We points market attribute what think you -- basis so seeing largely in further minutes of to working and you that price We back background cost deal. And plan expansion on and were that have few XXX-plus That's such I now been projects. as Americas a the highlight, a have there. quarter. the room hard it's still big remaining you year-on-year margin heard But think pricing that conditions have of margin come have all you're ago expansion sure. there, factors, the business, synergy a room my some still and I in is

precondition for business, demand has that have have been you level to the support. some always this in Now of

that's we expansion as to as we get margin can even closely, imagine. support set some further But why the move if think so macro is And continue the will table watch we you there, very for picture some forward. we

Reuben Garner

thunder. follow-up my stole You That my was question.

us speak to here want So I I confidence reflective seen mouth? of if end update see what the that's Maybe that maybe these think you're your of I'll continue but with that, was is on to your levels? in for we're at put that we've seems to Is repurchase largest believe the quarter. turning to we'll the words and remains corner stock don't just It time the stock repurchase. not thinking kind some in there? that something I

Andrea Owen

oversold, we're to think shareholders, I and for return a continue time believe if We'll we I to have we but do our balanced believe purchase to perspective on believe the very down too. we a say allocation. continue capital But debt. see great our Yes, We opportunistic future. that we that's stock, would we'll pay in

Reuben Garner

results the strong luck. good Congrats on and

Jeff Stutz

Thank you, Reuben.

Operator

comes of Your the line Fuhrman Alex Craig-Hallum. next question with from

Alex Fuhrman

be but to here a look bit results in just macro seen maybe definitely which the the year much your full take housing margin estimates fully may you like to degree flowed back just through year? you and I of the things don't in headwinds Certainly guidance, the earlier, Europe, being business a expecting on -- is but to sound offset that bottom wasn't gains questions conservative? asked the some full mentioned on you've anything, guided better-than-expected some like Most to maybe to that looks at nitpicky mean were QX for beat to guess I to mean, that expected -- this or the my it QX QX gross line. of you the that QX and year. Is North with and of little of the in Or a basis China half America related and

Andrea Owen

Yes.

we As we're also enthusiastic, and I super Alex, I on, vigilant. earlier pragmatic said but are think

do in quickly have very think we we back come enthusiasm we world we that as live like. right a China and while as hasn't dynamic And now. I optimism, have

are back mortgages European consumer have fixed not in rates necessarily not who We who's has the interest market. where wholesale

feel closely. strongly and we And enthusiasm make these business want model to things, pragmatism. So our while we very offset our we're about of have right the diversified very to we and watching mix things sure these ability

Operator

no Andi are further CEO, for We questions. back and turn to any closing floor Owen remarks. There President the

Andrea Owen

Thank MillerKnoll, you the updating joining continued you We you appreciate support call. on call. great us of night. guys to your and next look quarterly on a really so our for much, we Have forward

Operator

conference This concludes call. today's

You may disconnect.

MillerKnoll (MLKN) 26 Sep 232024 Q1 Earnings call transcript