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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 Q4 sales up 12.1%; profit edges up

Wednesday 6 February 2013

Knoll Inc. reported that its fourth-quarter net income was $17.5 million compared to $17.4 million in the fourth quarter of 2011. Earnings per share were $0.37 during the fourth quarter of 2012 compared to $0.37 for 2011.
Excluding the curtailment benefit, earnings per share would have been $0.30 per share during the fourth quarter of 2011.
Operating profit was $28.1 million, or 11.2% of net sales, an increase of 1.1% from the fourth quarter of 2011. Operating profit during the fourth quarter of 2011 includes a $5.4 million curtailment benefit associated with the modification of the Company's post-retirement medical benefits. Excluding this benefit, operating profit during the fourth quarter of 2012 increased $5.7 million or 25.4% when compared with the same period in the prior year.
Net sales were $250.0 million for the quarter, an increase of 12.1% from last year net sales of $223.1 million.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share on revenues of $235.03 million for the quarter. Analysts' estimates typically exclude special items.

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