MillerKnoll, Inc. Reports Net Earnings of $16.7 Million for Q3 2023
Revenue for the Quarter Stands at $917.7 Million
MillerKnoll, Inc.(MLKN), a leading player in the furniture industry, has released its financial results for the third quarter of 2023. The company reported net earnings of $16.7 million for the quarter, showing a notable performance despite ongoing challenges. The revenue for the quarter stood at $917.7 million, reflecting the company's continued presence in the market.
Revenue Performance
MillerKnoll, Inc. achieved a total revenue of $917.7 million for the third quarter of 2023. This figure represents a decrease compared to the same period in the previous year when the company reported revenue of $1,078.8 million. The decline in revenue by approximately 15% can be attributed to various factors, including changes in consumer spending patterns and supply chain disruptions that have affected the broader manufacturing industry.
