MillerKnoll, Inc.

Good evening, and welcome to Millinol'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 Millinol. You may begin.

Good evening. Joining me today on our Fourth Quarter Earnings Call are Andy 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 millernole.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 Andy 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 Andy.

Thanks, Kevin. Good evening, everyone, and thank you so much for joining us. You know, 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 Miller Knoll, 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 global design process, introduced a unified sales team, and the Miller Knoll 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. We delivered strong results this past year while simultaneously contending with a very volatile macroeconomic environment. Across our global operations, we've taken decisive actions to mitigate supply chain disruptions and inflationary pressures while investing for the future. We've remained focused on the strategic priorities that guide us as we drive meaningful growth across our global business. Our team delivered fourth quarter and fiscal year 2022 results that reflect both the strengths and potentials of Miller Knoll, and we're confident that our unique combination of contract and retail businesses and our collective of brands will continue to enhance our ability to compete and grow as we move through fiscal year 23 and beyond. Jeff will take you through the details of our fourth quarter performance. Before I hand off to him, I wanted to comment briefly on the progress we're making in a few key areas. We achieved several critical integration milestones in the fourth quarter, most notably on June 1st, we launched our North America Miller Knoll Dealer Network. Customers now have access to our full portfolio of brands through a unified dealer network, giving them more choice and creating more opportunities for our dealer partners. This has always been one of the most compelling reasons for creating Miller Knoll, and we've already seen our dealer partners leverage the full portfolio of our solutions to secure significant wins in several regions across North America. We're also making excellent progress building the international Miller Knoll contract dealer network to cross-sell the Miller Knoll collective of brands. Our international dealer cross-sell pilot now includes 32 dealers from 17 countries on three continents. We'll expand our pilot into the Middle East and Africa later on this year. Earlier this month, we held our first annual Miller Knoll Design Days. Along with our dealers and cross-brand sales teams, we welcomed the design community and customers to a series of events, exhibits, and showroom tours at our approximately 70,000 square feet of showroom and retail space in Chicago. The design and innovation pipeline is robust across our collective of brands. We introduced more than a dozen new products at Design Days, including new task-seeding solutions from both Herman Miller and Knoll, new textiles from Maharam and Knoll Textiles, an innovative new sit-to-stand desk from Geiger, sofa and lounge seating at Muto, and new cafe tables and stools from Knot One. At the same time, we've made considerable progress building our commitment to our people, planet, and communities. Early in the fourth quarter, the Diversity in Design Collaborative launched its first formal initiative called Designed By. Based in Detroit, Designed By was created to raise awareness of design as a viable career path for underrepresented high school students and include a series of special events and speakers. We also introduced our 2030 sustainability goals in the quarter. These goals are shared across our collective of brands and build upon our history of environmental stewardship. They're targeted at reducing our carbon footprint by 50%, designing out waste and stopping the use of single-use plastics, and sourcing better materials by using 50% or more recycled content and purchasing materials that are responsibly and sustainably produced. Our teams across the globe work hard every day to have a positive impact on our communities and the planet, and these goals will push us to do even more. We are united across brands and regions in our commitment to sustainability, and I'm excited to see how we activate our plans to make a difference across the collective. Our Miller & Noll team has delivered exceptional results this past year, even amidst a challenging backdrop of macroeconomic pressures. We enter fiscal year 2023 from a position of strength and with a great deal of momentum. We're focused on delivering against our strategy to stand out Miller & Noll, create a differentiated omni-channel customer experience, accelerate growth across channels and geographies, and use our business ultimately as a force for good. With that, I'll turn it over to Jeff, who will discuss our results in detail before we open it up for questions.