MillerKnoll, Inc. (NASDAQ:MLKN) Q2 2024 Earnings Call Transcript

Budd Bugatch: I think 19% is the number I look at it. It’s like around the 380 level versus 470, I think it was at the end of Q2 of last year.

Jeff Stutz: Just under 384.

Budd Bugatch: Okay. Yeah, 383. Yeah, okay. And that’s about — and yeah, that’s a big number, and that worries me. I mean a small number. So when do we start seeing that build? I was hoping that maybe that’s the real thing, because I think that’s the key here?

Jeff Stutz: Yeah, I mean, you know, clearly we’re watching that closely, too. I think the best indicators we have are what we’ve already highlighted and the fact that we’ve seen some — a nice improvement in the order — year-on-year order comparisons in the month of November and thus far through two weeks of Q3. So that’s — I mean at the end of the day, order growth is what it’s going to take to drive that. And so far, we like what we see as we close the quarter and move into Q3.

Budd Bugatch: Okay, I’m rooting for you. So, yeah, that’s what I would like to see. Okay, well, Happy New Year to everybody there and stay warm if you can.

Jeff Stutz: Same to you, Budd. Thank you.

Operator: There are no further questions at this time. We now turn the floor over back to President and CEO, Andi Owen for any closing remarks.

Andi Owen: Thank you. I’d like to thank everyone again for joining us on today’s call. In closing, we’re very proud of the resilience demonstrated by our collective of brands and the continued progress we’re making through our integration work and product innovation. We appreciate your continued interest in MillerKnoll and we look forward to updating you again next quarter. On behalf of all of us here at MillerKnoll, I want to wish you and your families a wonderful holiday season. Thank you.

Operator: This concludes today’s conference call. You may now disconnect.