MillerKnoll: Middle East Conflict Will Hurt Shipments, Raise Costs -- Market Talk

Dow Jones03-26

1742 ET - MillerKnoll says the conflict in the Middle East will lead to minimal shipments to the region and drive up logistics costs in the current quarter, hurting results. "In the near term, the current conflict is creating disruption and we do expect some impact to fourth-quarter sales and costs," Chief Executive Andi Owen says during a call with analysts. Owen says the region remains an important long-term growth opportunity for MillerKnoll's international contract business. The office-furniture company's guidance for the fiscal fourth quarter factors in a headwind of about $8 million to $9 million, or 9 cents to 10 cents a share, tied to the effects of the conflict. The midpoints of the company's forecast missed analyst expectations. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 17:42 ET (21:42 GMT)

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Owen says the region remains an important long-term growth opportunity for MillerKnoll's international contract business. The office-furniture company's guidance for the fiscal fourth quarter factors in a headwind of about $8 million to $9 million, or 9 cents to 10 cents a share, tied to the effects of the conflict. The midpoints of the company's forecast missed analyst expectations. 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