Knoll Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - Knoll Inc. (KNL) reported second-quarter net income attributable to stockholders of $17.24 million or $0.36 per share, compared to $10.86 million or $0.23 per share, prior year.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.34 for the quarter. Analysts' estimates typically exclude special items. Net sales were $268.62 million compared to $265.94 million last year. Analysts expected revenue of $281.03 million for the quarter.

During the second quarter of 2015, gross margin increased to 37.7% from 36.6% a year ago. The company said the increase in gross margin was mainly resulted from benefits achieved from net price realization and foreign exchange savings across the segments.

"Our strategy of diversifying our sources of revenue and profitability across workplace and high design residential settings is delivering the kind of improved profitability and double-digit margins we expect," said Andrew Cogan, Knoll CEO.