Knoll Reports Continued 2018 Momentum With Strong 2nd Quarter Results
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
Sales increase 20.3% with 12.5% organic growth excluding Muuto acquisitionMargin expansion with EPS growth of 4% and Adjusted EPS growth of 40%Rapid deleveraging with leverage one quarter post Muuto acquisition already below 3:1 EAST GREENVILLE, Pa., July 30, 2018 (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 second quarter ended June 30, 2018. Net sales were $323.4 million for the second quarter of 2018, an increase of 20.3%, from the second quarter of 2017. Operating profit was $24.8 million for the second quarter of 2018, an increase of 25.1%, from the second quarter of 2017. Adjusted operating profit for the second quarter of 2018 was $30.6 million, an increase of 35.4%, from the second quarter of 2017. Net income for the second quarter of 2018 was $13.1 million, an increase of 1.5%, when compared to the second quarter of 2017. Adjusted net i
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