Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Knoll 3rd-quarter profit falls on weak demand

Thursday 15 October 2009

Office-furniture maker Knoll Inc. said Thursday third-quarter profit dropped 76 percent as demand for furniture continued to be weak as consumers and small businesses cut back on larger-ticket items amid the recession.
Net income for the three months ending Sept. 30 fell to $5.7 million, or 13 cents per share, from $24.1 million, or 52 cents per share last year. Analysts polled by Thomson Reuters, on average, predicted a smaller profit of 11 cents per share.
Revenue fell 36 percent to $181.3 million from $283.5 million last year, ahead of the $174.7 million analysts expected.
Sales fell across all product categories and regions, with the largest declines in international sales and office systems products.
\"While demand for our products continues to be severely impacted by the global economic crisis, we are pleased that we were able to continue to report industry leading levels of operating profitability,\" said CEO Andrew Cogan in a statement.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Friday 8 December 2017 Steelcase sales underperform expectations for third quarter

Preliminary figures show Steelcase Inc.’s sales dipped 2 percent from a year earlier for the most

Tuesday 7 November 2017 Kimball reports Q1 results and unveils acquisition of D’style Inc.

(NASDAQ:KBAL) announced the following results for the quarter ended September 30, 2017: First qua

Tuesday 31 October 2017 Broadstock Office Furniture wins major university contract

Macclesfield-based Broadstock Office Furniture has won a major contract to furnish the University of

Sunday 22 October 2017 Martela Corporation: Martela's Outlook for 2017

MARTELA CORPORATION STOCK EXCHANGE RELEASE 23 OCT 2017 AT 5.00 P.M. The Martel

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7688 1928