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 second-quarter earnings fall 40%

Tuesday 16 July 2013

Knoll's financial results have continued to be disappointing in recent quarters because of soft demand from government and financial-services clients. Known for its distinctive designs, the company also has been making efforts to diversify its business. It partly attributed the decline in its latest results to investment spending, which is intended to help with longer-term growth.
Knoll reported a profit of $7.9 million, or 17 cents a share, down from $13.1 million, or 28 cents a share, a year earlier. Excluding restructuring charges, the year-earlier earnings were 22 cents a share. Sales fell 3% to $214.3 million.
Gross margin narrowed to 32.6% from 33.7%.
Office sales, the biggest top-line contributor, dropped 3.8% to $148.1 million, which the company attributed to the decline in sales to governmental agencies. Meanwhile, studio segment sales fell 5.1% to $37.2 million amid weakness in Europe, and coverings sales were up 3.9% at $29 million on strength at its leather units.

Subscribe to our News Page

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

 

 

moreLatest News

Wednesday 10 January 2018 Announcing PANTONE 18-3838 Ultra Violet, PANTONE® Color of the Year 2018.

“A dramatically provocative and thoughtful purple shade, PANTONE 18-3838 Ultra Violet communicates

Tuesday 9 January 2018 Knoll Designs Armless MultiGeneration Light Task ChairKnoll Inc. alleges patented chair design was u

PHILADELPHIA – A furniture company with a place of business in Greenville alleges one of its paten

Sunday 7 January 2018 Herman Miller reports Second Quarter Fiscal 2018 Results – orders at all-time-high

Herman Miller, Inc. (NASDAQ: MLHR) today announced results for its second quarter ended December 2,

Wednesday 3 January 2018 Swindon Furniture Company Hit by Brexit Rescued

A furniture company whose sales went into decline after the vote on Brexit has been sold out of admi

Contact Us

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


+44 (0) 20 7688 1928