MillerKnoll Declares $0.1875 Quarterly Dividend, Maintains Shareholder Returns

MillerKnoll, Inc., a furniture and design company, declared a quarterly cash dividend of $0.1875 per share on January 13, 2026. The dividend will be paid on April 15, 2026, to shareholders of record as of February 28, 2026. Read more dividend announcements.

The dividend declaration follows the company's third-quarter fiscal 2026 results, which showed net sales of $926.6 million, up 5.8% from the prior year. Orders reached $931.6 million, an increase of 9.2% year-over-year, driven by growth in the North America Contract and Global Retail segments.

Third Quarter Financial Performance

MillerKnoll reported an operating margin of 4.8% for the quarter, compared to a negative operating margin of 9.4% in the prior year period. Adjusted operating margin came in at 5.7%, down from 6.6% in the prior year, reflecting higher compensation expense, new store costs, and unfavorable currency impacts.

The company generated cash flow from operations of $61.1 million, compared to $62.1 million in the third quarter of the prior year. Gross margin increased 20 basis points during the quarter.

Liquidity as of February 28, 2026, totaled $594.0 million, reflecting cash on hand and availability under the company's Revolving Credit Facility. The net debt-to-EBITDA ratio stood at 2.75 times as defined by the company's credit facility.

Segment Results

North America Contract net sales reached $488.6 million, up 4.4% from the prior year, while orders increased 13.1% to $490.9 million. The segment's adjusted operating margin improved 70 basis points to 9.8%, driven by gross margin expansion from leverage on higher sales and operational efficiency.

International Contract net sales rose 7.8% to $156.9 million. Orders for the segment increased to $160.3 million.

Near-term debt maturities include $5.8 million due in fiscal 2026, $23.3 million in fiscal 2027, and $25.8 million in fiscal 2028.