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• A premium, design-focused Steelcase for office and contract furniture.
• A high-design Pottery Barn or West Elm for both home and professional spaces.
• The LVMH of premium, design-led furniture and interior solutions.

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• Workplace Furniture: A comprehensive range of desks, chairs, storage, and collaborative systems designed for commercial office environments.
• Healthcare Furniture Solutions: Specialized and adaptable furnishings for hospitals, clinics, and other healthcare settings.
• Education Furniture: Durable and flexible furniture for classrooms, libraries, dormitories, and common areas in educational institutions.
• Residential & Hospitality Furnishings: High-design furniture and accessories catering to upscale residential spaces and hospitality environments.
• Performance Seating: Iconic and ergonomic task chairs and executive chairs renowned for their design, comfort, and advanced features.
• Ancillary Products: A variety of complementary items including lighting, textiles, and decorative accessories that enhance interior spaces.

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MillerKnoll (symbol: MLKN) primarily sells its products and services to other companies and institutions, rather than directly to individuals. Due to the highly diversified nature of its customer base across various industries and sectors globally, MillerKnoll does not typically disclose specific individual companies as major customers in its public filings. Instead, its customer base consists of a vast number of organizations.

The major categories of customers that MillerKnoll serves in the business-to-business (B2B) market include:

• Corporate Sector: This includes a wide range of businesses, from startups to large multinational corporations, that purchase MillerKnoll's extensive portfolio of office furniture, workspaces, and related services for their offices, conference rooms, and collaborative environments.
• Healthcare Sector: MillerKnoll provides specialized furnishings and solutions for various healthcare environments, including hospitals, clinics, medical offices, and long-term care facilities, designed to support both patients and healthcare professionals.
• Education Sector: This category encompasses educational institutions of all levels, such as universities, colleges, and K-12 schools, which procure furniture for classrooms, libraries, dormitories, administrative offices, and common areas.

While the majority of MillerKnoll's sales are to other companies and institutions, it also has a significant retail segment (e.g., Design Within Reach, Herman Miller Retail, HAY, Muuto) that sells directly to individual consumers for residential use. However, this retail segment accounts for a smaller portion of the company's overall revenue compared to its contract (B2B) sales.

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Andi Owen, President and Chief Executive Officer

Andi Owen was appointed CEO of MillerKnoll in August 2018, playing a pivotal role in guiding the merger of Herman Miller and Knoll to form MillerKnoll in 2021. She brings over 30 years of experience in fashion and design leadership, having previously served as Global President at Banana Republic and Executive Vice President, Gap Global Outlet at Gap Inc. Owen is known for her passion for using design-based thinking to solve complex problems and leveraging business for positive impact. She has not explicitly founded or sold other companies, nor is there a reported pattern of managing private equity-backed companies.

Kevin Veltman, Interim Chief Financial Officer

Kevin Veltman serves as the interim Chief Financial Officer for MillerKnoll. With over ten years at the company, Veltman previously held leadership roles including Senior Vice President of Finance, Vice President, Finance and Treasurer, and was the Integration Lead for the acquisition of Knoll. His responsibilities have encompassed investor relations, treasury, corporate financial planning and analysis, operations finance, product finance, tax, and shareholder services. There is no information indicating he founded or sold other companies, or has a pattern of managing private equity-backed firms.

Jeff Stutz, Chief Operating Officer

Jeff Stutz was named Chief Operating Officer effective September 8, 2025. Prior to this, he served as Chief Financial Officer since 2015, helping the company navigate macroeconomic challenges and significant growth, including Herman Miller's acquisition of Knoll, Inc. in 2020. Stutz joined Herman Miller in 2001 and has held various leadership positions, including Treasurer, Chief Accounting Officer, Head of Investor Relations, and Corporate Controller. He also served as President of Geiger DatesWeiser since 2024. Earlier in his career, Stutz was the CFO at izzy+ from 2008 to 2009 and an Auditor at Deloitte & Touche. There is no explicit information about him founding or selling companies to an acquirer, or a pattern of managing private equity-backed companies.

Ben Watson, Chief Creative Officer

Ben Watson is the Chief Creative Officer at MillerKnoll. No detailed background information was readily available in the search results to include founding/managing other companies, selling companies, or private equity patterns.

Jackie Rice, Chief Legal Officer & Corporate Secretary

Jackie Rice serves as the Chief Legal Officer & Corporate Secretary for MillerKnoll. No detailed background information was readily available in the search results to include founding/managing other companies, selling companies, or private equity patterns.

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Key Risks to MillerKnoll (MLKN)

1. Macroeconomic Headwinds and Economic Downturn: MillerKnoll faces significant risks from global and national economic conditions, including potential recessions, heightened inflation, and uncertainty regarding future interest rates. An economic downturn can lead to reduced consumer discretionary spending and a cutback in orders for both office and home furniture, impacting the company's contract and retail businesses.
2. Tariffs and Trade Policies: The company is subject to risks associated with U.S. and international trade policies, including new or increased tariffs. These tariffs directly impact the cost and availability of materials and components used in manufacturing, and they can also affect demand for MillerKnoll's products. Tariffs have been cited as a factor impacting gross margins and leading to increased costs for the company.
3. Labor Shortages and Production Risks: Production is identified as a primary risk category for MillerKnoll. The company has experienced labor shortages across its operations, particularly among plant production personnel. Such scarcity can lead to increased expenses as the company may need to pay more for third-party services and implement temporary measures like recruitment incentives. Persistent labor shortages could have a significant negative impact on operational performance.

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The accelerating adoption of Furniture-as-a-Service (FaaS) and circular economy models for office furnishings represents a clear emerging threat. This model shifts away from traditional ownership towards subscription, rental, or highly flexible leasing arrangements, often coupled with comprehensive services like installation, maintenance, and end-of-life take-back/remanufacturing. This trend is driven by corporate sustainability goals, a desire for financial flexibility, and the need for businesses to rapidly adapt to evolving office footprints due to hybrid work models. As specialized FaaS providers emerge or existing competitors pivot aggressively to these new consumption models, they could capture significant market share from MillerKnoll's traditional product sales by offering solutions more aligned with modern enterprise demands, thereby potentially eroding MillerKnoll's core business model.

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MillerKnoll (MLKN) operates within several significant addressable markets for its main products and services globally:

• Office Furniture: The global office furniture market was valued at approximately USD 107.26 billion in 2024.
• Residential Furniture: The global residential furniture market size was estimated at USD 745.65 billion in 2024.
• Healthcare Furniture: The global healthcare furniture market size was valued at USD 7.94 billion in 2024.
• Commercial Interior Design Services: The global commercial interior design market was valued at USD 112.45 billion in 2025.

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MillerKnoll (MLKN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Americas Contract Segment Recovery and Expansion: The company is experiencing positive momentum in its Americas Contract segment, with increasing orders and a return to larger projects. Leading indicators such as project funnel additions, customer mock-up requests, and pricing activity are showing year-over-year improvements across diverse industry groups, including financial services, healthcare, and technology.
2. International Market Penetration and Distribution Enhancement: MillerKnoll is focused on improving and expanding its global distribution footprint, aiming for 100% of its global network to sell the MillerKnoll Collective by the end of fiscal year 2025. This expansion is already showing strong order growth in regions such as the Middle East and parts of Asia.
3. New Product Innovation and Sustainable Material Launches: A continuous commitment to innovation, including the launch of dozens of new products and sustainable materials, is a consistent driver for future sales. This strategy helps meet evolving client needs and reinforces the company's market position.
4. Enhanced Customer Experience and Optimized Distribution Network: MillerKnoll is investing in enhancing the customer experience through initiatives like opening new flagship locations in key cities such as London and New York. The company is also testing new store formats, such as the Design Within Reach studio in San Francisco, to optimize its retail presence and attract more customers.

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Share Repurchases

• MillerKnoll repurchased approximately $85 million in shares during fiscal year 2025.
• In the third quarter of fiscal year 2025, the company repurchased approximately 786,000 shares for $18 million.
• During the first quarter of fiscal year 2025, MillerKnoll repurchased approximately 1.5 million shares for $44 million.

Share Issuance

• On October 17, 2025, MillerKnoll filed a shelf registration for up to 3,400,000 shares of common stock, valued at approximately $56.92 million, for its Employee Stock Ownership Plan (ESOP).
• Shareholders approved the 2025 Long-Term Incentive Plan on October 13, 2025, authorizing the issuance of up to 21,164,945 shares for equity awards to employees and non-employee directors.

Outbound Investments

• In July 2021, MillerKnoll (then Herman Miller, Inc.) finalized the acquisition of Knoll, Inc. for approximately $1.8 billion in a cash and stock transaction.

Capital Expenditures

• Capital expenditures for the full fiscal year 2025 were $107.6 million.
• Expected capital expenditures for fiscal year 2026 are projected to range between $120 million and $130 million.
• The primary focus for capital expenditures in fiscal year 2026 is on investments in new retail stores, including flagship locations in Chicago and New York, and product development, while also prioritizing debt reduction.