Record Annual and Fourth Quarter Sales in 2019
Knoll, Inc (KNL)
Last knoll, inc earnings: 10/23 04:15 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/4geq.url
Company Research
Source: GlobeNewswire
Total sales of $1.43B, an increase of 9.7% vs prior yearHigh design, high margin Lifestyle segment exceeds half a billion dollar sales markMuuto delivers 35% sales growth, on track to double business within 3 years of acquisitionManufacturing optimization plan announced in January 2020 EAST GREENVILLE, Pa., Feb. 18, 2020 (GLOBE NEWSWIRE) -- Knoll, Inc. (NYSE: KNL), a leading designer and manufacturer of furnishings, textiles and fine leathers for the workplace and home, today announced results for the fourth quarter and year ended December 31, 2019. Fourth Quarter Highlights Net Sales increased 4.7% to $371.4MGAAP Net Earnings decreased $14.2M to $10.3MAdjusted EBITDA increased $1.4M to $51.8M GAAP Diluted EPS decreased $0.29 to $0.21Adjusted Diluted EPS decreased $0.05 to $0.52 Full Year 2019 Highlights Net Sales increased 9.7% to $1,428.1MGAAP Operating Margin increased 30 bps to 9.1%Adjusted Operating Margin increased 10 bps to 10.3%GAAP Operating Margin for Office increased
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