MillerKnoll, Inc. (NASDAQ:MLKN) Q4 2022 Earnings Conference Call June 29, 2022 5:30 PM ET

Company Participants

Kevin Veltman - Vice President of Investor Relations & Treasurer

Andrea Owen - President & Chief Executive Officer

Jeff Stutz - Chief Financial Officer

John Michael - President, North Americas Contract

Conference Call Participants

Steven Ramsey - Thompson Research Group

Reuben Garner - Benchmark Company

Budd Bugatch - Water Tower Research

Alex Fuhrman - Craig-Hallum

Greg Burns - Sidoti & Company

Operator

Good evening, and welcome to MillerKnoll's Fourth Quarter Earnings Conference Call. As a reminder, this call is being recorded.

I would now like to introduce your host for today's conference, Kevin Veltman, Senior Vice President and Integration Lead for MillerKnoll. You may begin.

Kevin Veltman

Good evening. Joining me today on our fourth quarter earnings call are Andi Owen, Chief Executive Officer; Jeff Stutz, Chief Financial Officer; and John Michael, President of the Americas Contract. We have posted the press release on our Investor Relations website at millerknoll.com. Wherever any figures are presented on a non-GAAP basis, we have reconciled the GAAP and non-GAAP amounts within the press release.

Before I turn it over to Andi for a brief overview of the quarter, I would like to remind everyone that this call will include forward-looking statements. For information on factors that could cause actual results to differ materially from these forward-looking statements, please refer to the earnings press release as well as our annual and quarterly SEC filings. Any forward-looking statements that we make today are based on assumptions as of this date and we undertake no obligation to update these statements as a result of new information or future events. At the conclusion of our prepared remarks, we will have a Q&A session. Today's call is scheduled for 60 minutes.

With that, I'll turn the call over to Andi.

Andrea Owen

Thanks, Kevin. Good evening, everyone, and thank you so much for joining us. It has been an extraordinary year in our company's history, and Jeff and I are looking forward to discussing our fourth quarter results with you.

Just over a year ago, we began the journey to become MillerKnoll, transforming our industry and creating one of the most influential design companies in the world, and we've accomplished a great deal.

To date, we completed the organizational and global design process, introduced a unified sales team and the MillerKnoll dealer network in North America. And we've made meaningful progress toward our goal of delivering $120 million in cost synergies, having captured $66 million in run rate cost synergies at the end of our fiscal 2022.