04:39 PM EDT, 09/19/2024 (MT Newswires) -- MillerKnoll ( MLKN ) reported fiscal Q1 adjusted earnings late Thursday of $0.36 per diluted share, down from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Net sales for the quarter that ended Aug. 31 was $861.5 million, down from $917.7 million a year earlier.

Analysts surveyed by Capital IQ expected $889.4 million.

The company expects fiscal Q2 adjusted EPS of $0.51 to $0.57 on revenue of $950 million to $990 million. Analysts surveyed by Capital IQ expect $0.61 on revenue of $948.1 million.

For fiscal 2025, the firm kept adjusted EPS guidance of $2.20, which equates to the mid-point range it provided in June. Analysts expect $2.18.

Shares of the company traded over 6% lower in after-hours activity.

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