Knoll Q1 Profit Rises - Quick Facts

(RTTNews) - Knoll Inc. (KNL) said that net income for the first quarter 2014 increased to $8.2 million, or $0.17 earnings per share, from $6.1 million, or $0.13 per share, for the same quarter in 2013. Excluding the acquisition related expenses, adjusted earnings per share would have been $0.18 per share during the first quarter of 2014.

Net sales were $229.3 million for the quarter, an increase of 14.3% from first quarter of 2013. Organically, excluding the impact of HOLLY HUNT, sales increased 5.7% when compared with first quarter of 2013.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share and revenues of $219.20 million for the quarter. Analysts' estimates typically exclude special items.