Company profile

Ticker
KNL
Exchange
Website
CEO
Andrew B. Cogan
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
133873847

KNL stock data

(
)

Calendar

11 May 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 340M 371.5M 356.5M 367.3M
Net income 10.9M 10.3M 17.5M 21.7M
Diluted EPS
Net profit margin 3.21% 2.77% 4.91% 5.91%
Operating income 11.4M 30M 36.7M 33.9M
Net change in cash 122.1M 200K 5.4M 500K
Cash on hand 130.6M 8.5M 8.3M 2.9M
Cost of revenue 217.7M 227.4M 216.1M 226.6M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 12M 12.4M 12.2M 1.16B
Net income 67.5M 73.3M 80.2M 82.11M
Net profit margin 563% 591% 657% 7.05%
Operating income 129.8M 115.2M 80.5M 130.51M
Net change in cash 6.9M -603K -7.65M 5.66M
Cash on hand 8.5M 1.6M 2.2M 9.85M
Cost of revenue 879.1M 820.8M 718.3M 718.32M

Financial data from Knoll earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Dienst Daniel W Common Stock Grant Aquire A No 12.19 1,025 12.49K 19,346
30 Jun 20 Fisher Stephen F Common Stock Grant Aquire A No 12.19 1,025 12.49K 58,413
30 Jun 20 Harris Jeffrey Common Stock Grant Aquire A No 12.19 1,333 16.25K 99,563
30 Jun 20 Kennedy Christopher G Common Stock Grant Aquire A No 12.19 1,025 12.49K 16,516
30 Jun 20 Kass Ronald R Common Stock Grant Aquire A No 12.19 1,025 12.49K 16,221
86.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 154 191 -19.4%
Opened positions 17 40 -57.5%
Closed positions 54 14 +285.7%
Increased positions 54 67 -19.4%
Reduced positions 64 60 +6.7%
13F shares
Current Prev Q Change
Total value 1.95B 2.81B -30.5%
Total shares 43.71M 46.14M -5.3%
Total puts 4.1K 0 NEW
Total calls 10K 500 +1900.0%
Total put/call ratio 0.4
Largest owners
Shares Value Change
Vanguard 4.86M $50.19M +4.6%
BLK BlackRock 3.36M $34.72M -3.9%
SAMG Silvercrest Asset Management 3.27M $33.78M -1.3%
FMR 3.2M $33M -10.1%
MCQEF Macquarie 2.59M $26.69M +13.0%
LSV Asset Management 2.26M $23.34M -2.0%
Dimensional Fund Advisors 2.14M $22.05M -3.6%
WHG Westwood 1.77M $18.26M +39.1%
Vulcan Value Partners 1.53M $15.81M NEW
STT State Street 1.15M $11.89M +10.4%
Largest transactions
Shares Bought/sold Change
Vulcan Value Partners 1.53M +1.53M NEW
Norges Bank 0 -1.09M EXIT
Ceredex Value Advisors 0 -1.03M EXIT
WHG Westwood 1.77M +496.95K +39.1%
AMP Ameriprise Financial 25.71K -435.59K -94.4%
FMR 3.2M -358.4K -10.1%
Driehaus Capital Management 0 -337.92K EXIT
MCQEF Macquarie 2.59M +297.66K +13.0%
Citadel Advisors 32.22K -285.84K -89.9%
Ajo 46.53K -216.45K -82.3%

Financial report summary

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Risks
  • Our product sales are tied to corporate spending and service-sector employment, which are outside of our control. Our sales and/or growth in sales would be adversely affected by a recessionary economy characterized by decreased corporate spending and service-sector employment.
  • Weakness in the economy or uncertainty in the financial markets may adversely affect our results of operations and financial condition, as well as the financial soundness of our customers and suppliers.
  • We may have difficulty increasing or maintaining our prices as a result of price competition, which could lower our profit margins. Our competitors may develop new product designs that give them an advantage over us in making future sales.
  • Our efforts to introduce new products that meet customer and workplace requirements may not be successful, which could limit our sales growth or cause our sales to decline.
  • We may not be able to manage our business effectively if we are unable to retain our experienced management team or recruit other key personnel.
  • We are dependent on the pricing and availability of raw materials and components, and price increases and unavailability of raw materials and components could lower sales, increase our cost of goods sold and reduce our profits and margins.
  • We are affected by the cost of energy and increases in energy prices could reduce our margins and profits.
  • We rely upon independent furniture dealers, and a loss of a significant number of dealers could affect our business, financial condition and results of operations.
  • Currently, one of our largest clients is the U.S. government, a relationship that is subject to uncertain future funding levels and federal procurement laws and requires restrictive contract terms; any of these factors could curtail current or future business.
  • Our global operations may be adversely affected by political events, domestic or international hostilities, international health emergencies, or complications due to natural, nuclear or other disasters.
  • Our efforts to diversify our sources of revenue may not be effective and may expose us to new risks.
  • We operate with leverage, and a significant amount of cash will be required to service our indebtedness. Restrictions imposed by the terms of our indebtedness may limit our operating and financial flexibility.
  • We may require additional capital in the future, which may not be available or may be available only on unfavorable terms.
  • An inability to protect our intellectual property could have a significant impact on our business.
  • If third parties claim that we infringe upon their intellectual property rights, we may incur liabilities and costs and may have to redesign or discontinue an infringing product.
  • We could be required to incur substantial costs to comply with environmental requirements. Violations of, and liabilities under, environmental laws and regulations may increase our costs or require us to change our business practices.
  • We are subject to potential labor disruptions, which could have a significant impact on our business.
  • Product defects could adversely affect our results of operations.
  • We may be vulnerable to the effects of currency exchange rate fluctuations, which could increase our expenses.
  • Pension costs or funding requirements could increase at a higher-than-anticipated rate.
  • If we fail to protect the integrity and security of our information technology systems and confidential information, it could adversely affect our business.
  • We are in the process of implementing a new enterprise resource planning system, and problems with the design or implementation of this system could interfere with our business and operations.
  • We may not be able to successfully integrate acquired businesses, which may result in an inability to realize the anticipated benefits of our acquisitions.
  • Tax matters, including the changes in corporate tax rates, disagreements with taxing authorities and imposing of new taxes could impact our results of operations and financial condition.
  • Any attempt by the Administration to withdraw from or materially modify international trade agreements could adversely affect our business, financial condition and results of operations.
  • The implementation of tariffs and export controls on our products may have a material impact on our business.
  • Our corporate documents and Delaware law contain provisions that could discourage, delay or prevent a change in control of our company.
  • Our stock price may be volatile, and your investment in our common stock could suffer a decline in value.
  • Our corporate documents provide, subject to certain exceptions, that the Court of Chancery of the State of Delaware is the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
Management Discussion
  • Net sales for the three months ended March 31, 2020 were $340.0 million, an increase of $7.2 million, or 2.2%, from sales of $332.8 million for the three months ended March 31, 2019. Net sales for the Office segment were $216.4 million for the three months ended March 31, 2020, an increase of 7.0%, when compared to the three months ended March 31, 2019. The increase in the Office segment was a driven primarily by the inclusion of Fully’s work-from-home e-commerce offering. Net sales for the Lifestyle segment were $123.6 million during the three months ended March 31, 2020, a decrease of 5.3%, from the three months ended March 31, 2019. Lifestyle segment sales were down primarily due to challenging year-over-year comparisons in our KnollStudio workplace sales, and residential weakness at HOLLY HUNT and Knoll Europe where we had to close design center showrooms, partially offset by continued double-digit growth at Muuto.
Content analysis ?
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