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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 reports strong 1st quarter results

Monday 20 April 2015

Knoll, Inc. announced results for the first quarter ended 31 March, 2015. Net sales were $266.5 million for the quarter, an increase of 16.1% from first quarter of 2014. Organically, excluding the impact of HOLLY HUNT(R), which was acquired on 3 February, 2014, sales increased 12.7% when compared with the first quarter of 2014. Actual and adjusted operating profit for the first quarter of 2015 was $22.3 million. Actual and adjusted operating profit was $11.3 million and $12.5 million, respectively, for the first quarter of 2014. Net income for the first quarter of 2015 was $17.4 million, an increase of 123.1% when compared with the first quarter of 2014. Actual and adjusted diluted earnings per share was $0.36 for the quarter, compared to $0.16 and $0.18 per share on an actual and adjusted basis, respectively, for the first quarter of 2014. During the first quarter of 2015 and 2014, foreign exchange gains increased earnings $0.10 and $0.03 per share, respectively.
"Each of our segments kicked off 2015 by delivering year-over-year growth and margin expansion," commented Andrew Cogan, CEO. "Across the board, our commitment to help clients and their architects and designers create inspired workplaces and homes combined with ongoing investments to expand our markets and improve our margins continued to gain traction," he added.

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