Investor Presentation Fourth Quarter FY23
Non-GAAP Financial Measures and Other Supplemental Data
MillerKnoll
Restructuring charges: Includes actions involving targeted workforce reductions as well as non-impairment charges
related to the closure of the Fully business.
Impairment charges: Includes non-cash, pre-tax charges for the impairment of intangible assets, right of use assets, and
other assets related to the closure of the Fully business and impairment of the Knoll trade name.
Special charges: Special charges include certain costs arising as a direct result of the COVID-19 pandemic.
Tax related items: We excluded the income tax benefit/provision effect of the tax related items from our non-GAAP
measures because they are not associated with the tax expense on our ongoing operating results.
Certain tables below summarize select financial information, for the periods indicated, related to each of the Company's reportable
segments. The Americas Contract ("Americas") segment includes the operations associated with the design, manufacture and sale
of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational
environments throughout North and South America. The International Contract and Specialty ("International & Specialty")
segment includes the operations associated with the design, manufacture and sale of furniture products, indirectly or directly
through an independent dealership network in Europe, the Middle East, Africa and Asia-Pacific as well as the global operations
of the Specialty brands, which include Holly Hunt, Spinneybeck, Maharam, Edelman, and Knoll Textiles. The Global Retail
("Retail") segment includes global operations associated with the sale of modern design furnishings and accessories to third party
retailers, as well as direct to consumer sales through eCommerce, direct-mail catalogs, and physical retail stores. Corporate costs
represent unallocated expenses related to general corporate functions, including, but not limited to, certain legal, executive,
corporate finance, information technology, administrative and acquisition-related costs.
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