MillerKnoll Drops as Traders Eye June 24
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MillerKnoll Drops as Traders Eye June 24

May 29, 2026
by

NEW YORK, May 29, 2026, 17:04 (EDT)

  • MillerKnoll ended the session at $16.18, off 1.8%. The stock went ex-dividend.
  • The company will report fiscal Q4 and full-year earnings on June 24.
  • HNI, which owns Steelcase, also fell, adding pressure on office-furniture stocks.

MillerKnoll (MLKN) dropped 1.8% to finish at $16.18 on Friday as the stock went ex-dividend, and with markets awaiting its next earnings in June. In the first post-market quotes, shares were still at $16.18.

The timing is key with the next major company update due in under a month. MillerKnoll said on May 27 that it plans to release fourth-quarter and full-year fiscal 2026 results after the bell June 24. An investor call is set for 5 p.m. Eastern.

Friday saw normal trading hours on the Nasdaq, which was open for its usual session. Memorial Day and Juneteenth, on May 25 and June 19 in 2026, are shown as market holidays on Nasdaq’s calendar, but this Friday was not a holiday. Daily trading lasts from 9:30 a.m. to 4 p.m. ET, with after-hours trading going until 8 p.m. ET.

MillerKnoll’s next quarterly dividend is set at $0.1875 a share, going out July 15. The ex-dividend date is May 29 — buyers after that day won’t get the payment. Stocks can drop by about the dividend amount when they go ex-div, but other market forces or trading patterns often change how it looks.

Markets sent out mixed signals on Friday. The S&P 500 and Nasdaq Composite closed up 0.2%, but the Russell 2000 lost 0.6%, AP reported. That left MillerKnoll dropping more than most small-caps in a choppy session.

But there’s risk in the setup. MillerKnoll posted fiscal Q3 sales of $926.6 million, up 5.8%, and orders rose 9.2% to $931.6 million. Adjusted EPS slipped to $0.43 from $0.44. CEO Andi Owen described the quarter as “solid,” pointing to “strength and resilience” in the portfolio. The company’s Q4 guide factored in an $8 million to $9 million impact from the Middle East conflict and higher logistics costs. SEC

Competition isn’t as fragmented as last year. HNI wrapped up its Steelcase buy in December, bringing together the two firms in a move HNI CEO Jeff Lorenger called “bringing together two highly respected companies.” Pro forma annual revenue is $5.8 billion for the combined group. HNI shares slipped 1.7% to $31.19 Friday. Steelcase

MillerKnoll now has little time to shift the narrative. The June 24 report will have to reveal if order growth is translating to stronger profit, or if freight, geopolitics, store expenses and pricing pressure continue to cut into results.

Mateusz Brzeziński

Mateusz Brzeziński is a financial and technology journalist at Bez-kabli.pl, covering stocks, artificial intelligence, semiconductors and global market developments. He graduated from the Prague University of Economics and Business in the Czech Republic and previously worked in financial analysis before moving into business journalism. His reporting focuses on the companies, technologies and market trends shaping the global economy.

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