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Knoll (KNL)

Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients in person and digitally to create inspired modern interiors. Its internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements. Its brands — Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and Fully — reflect our commitment to modern design that meets the diverse requirements of high performance workplaces, work from home settings and luxury residential interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Its products can also help clients comply with the International Living Future Institute to achieve Living Building Challenge Certification, and with the International WELL Building Institute to attain WELL Building Certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program.

Company profile

Ticker
KNL
Exchange
Website
CEO
Andrew Cogan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Knoll North America Corp • Spinneybeck Enterprises, Inc. • Edelman Leather, LLC • FHI, LLC • Knoll Overseas, Inc. • Knoll Muebles de México S. de R.L. de C.V. • Knoll APAC PTE LTD. • Holly Hunt Enterprises, Inc. • Holly Hunt Do Brasil Importação E Comércio De Mobiliários LTDA • HH Ruseau, LLC ...
IRS number
133873847

KNL stock data

Calendar

7 May 21
26 Jun 22
31 Dec 22
Quarter (USD) Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.8M 10.8M 10.8M 10.8M 10.8M 10.8M
Cash burn (monthly) 8.83M 9.98M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 131.4M 148.5M n/a n/a n/a n/a
Cash remaining -120.6M -137.7M n/a n/a n/a n/a
Runway (months of cash) -13.7 -13.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jul 21 Christopher M Baldwin Common Stock Sale back to company Dispose D No No 0 44,466 0 0
19 Jul 21 Christopher M Baldwin RSU Common Stock Sale back to company Dispose D No No 0 37,841 0 0
19 Jul 21 Dienst Daniel W Common Stock Sale back to company Dispose D No No 0 26,036 0 0
19 Jul 21 Fisher Stephen F Common Stock Sale back to company Dispose D No No 0 65,181 0 0
19 Jul 21 Harris Jeffrey Common Stock Sale back to company Dispose D No No 0 107,191 0 0
19 Jul 21 Jeffrey Alan Henderson Common Stock Sale back to company Dispose D No No 0 9,418 0 0
27.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2 5 -60.0%
Opened positions 0 0
Closed positions 3 158 -98.1%
Increased positions 0 1 EXIT
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 332.15M 473.45M -29.8%
Total shares 13.51M 13.56M -0.4%
Total puts 0 0
Total calls 0 232 EXIT
Total put/call ratio
Largest owners Shares Value Change
Global Furniture Holdings S.a r.l 10.1M $240.67M 0.0%
Integrated Core Strategies 3.41M $91.48M 0.0%
Arp Americas 0 $0
Largest transactions Shares Bought/sold Change
Mint Tower Capital Management B.V. 0 -41.17K EXIT
BNP Paribas Arbitrage 0 -11.63K EXIT
Integrated Core Strategies 3.41M 0 0.0%
Arp Americas 0 0
Global Furniture Holdings S.a r.l 10.1M 0 0.0%
Parallel Advisors 0 0

Financial report summary

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Competition
HNIMillerKnollSteelcase
Risks
  • The proposed merger (the “Merger”) of the Company with Herman Miller, Inc. is subject to certain closing conditions that, if not satisfied or waived, will result in the Merger not being completed, which may cause the market price of the Company’s common stock to decline.
  • Whether or not the proposed Merger is completed, the announcement and pendency of the Merger could cause disruptions in the businesses of the Company and Herman Miller, which could have an adverse effect on our (and Herman Miller’s) business and financial results.
  • Herman Miller and the Company have agreed in the Merger Agreement to take certain actions to address certain potential antitrust issues, including potential sales, divestments, transfers or other transactions affecting Herman Miller’s business.
  • Herman Miller’s failure to integrate the Company successfully and on a timely basis into Herman Miller’s operations could adversely impact Herman Miller’s business and financial results.
  • The results of Herman Miller’s operations after the Merger may be affected by factors different from, or in addition to, those currently affecting the Company’s results of operations, and the market value of Herman Miller’s common stock may decrease after the closing date of the Merger.
Management Discussion
  • ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Management’s discussion and analysis of financial condition and results of operations provides an account of our financial performance and financial condition that should be read in conjunction with the accompanying unaudited condensed consolidated financial statements.
  • This quarterly report on Form 10-Q contains forward-looking statements, principally in the sections entitled “Business,” “Risk Factors,” “Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Quantitative and Qualitative Disclosures About Market Risk.” Statements and financial discussion and analysis contained in this Form 10-Q that are not historical facts are forward-looking statements. These statements discuss goals, intentions and expectations as to future financial position, results of operations, revenue and profit levels, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan,", "goals," "estimate," "expect," "forecast," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. This includes, without limitation, our statements and expectations regarding any current or future recovery in our industry, our plans for reduced capital and operating expenditures and enhanced liquidity measures, our integration of acquired businesses, our supply chain and manufacturing footprint optimization plans, our expectations with respect to changes in the way companies implement "return to work", "work from home" and remote work strategies, and our expectations with respect to the payment of future dividends and leverage. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the expectations of management. Except as required under the Federal securities laws and the rules and regulations of the SEC, we do not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include corporate spending and service-sector employment, price competition, acceptance of our new products, the pricing and availability of raw materials and components, foreign currency exchange, transportation costs, demand for high quality, well designed furniture and interior solutions, changes in the competitive marketplace, changes in the trends in the market for furniture or coverings, and the way and places where people work, the financial strength and stability of our suppliers, customers and dealers, access to capital, our success in designing and implementing our new enterprise resource planning system, our ability to successfully integrate acquired businesses, our supply chain optimization initiatives, the uncertainty and ultimate economic impact of the COVID-19 pandemic and other risks identified in our annual report on Form 10-K, and other filings with the SEC. Many of these factors are outside of our control.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
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Readability
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