Knoll Inc. Q1 Adj. EPS Beats Estimates - Quick Facts

(RTTNews) - Knoll Inc. (KNL) on Monday reported first-quarter net income of $17.4 million or $0.36 per share, up from $7.8 million or $0.16 per share in the comparable quarter last year.

Adjusted earnings per share for the latest first quarter rose to $0.36 from $0.18 per share in the prior year period. On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly sales advanced to $266.5 million from $229.6 million a year ago. On an organic basis, excluding the impact of Holly Hunt acquisition, sales increased 12.7 percent year-over-year. Analysts had a consensus revenue estimate of $253.17 million.

Commenting on the results, Andrew Cogan, CEO of Knoll said: "Each of our segments kicked off 2015 by delivering year-over-year growth and margin expansion." "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.