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Knoll Reports First Quarter Results


Knoll Reports First Quarter Results
Strong work from home e-commerce and residential sales growth continue to help mitigate near-term office headwinds
Positive increases in Office pipeline reinforce expectation for return to growth in Q2, and double digit order growth in the 2nd half of 2021.
Diluted EPS was $(0.08) on a GAAP basis, and Adjusted Diluted EPS beat expectations by $0.02 per diluted share
EAST GREENVILLE, Pa., April 28, 2021 (GLOBE NEWSWIRE) Knoll, Inc. (NYSE: KNL), a constellation of design-driven brands and people, working together with clients in person and digitally to create inspired modern interiors for workplaces and homes, today announced financial results for the first quarter ended March 31, 2021. In light of the recent announcement of our proposed merger with Herman Miller, Inc., we will not be holding a conference call. ....

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Heesen delivers Moskito, YN 19255, formerly project Pollux


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Heesen delivers Moskito, YN 19255, formerly project Pollux
Heesen is delighted to announce the delivery of Moskito, YN 19255, previously known as Project Pollux. At 55 metres with a Gross Tonnage of 760 GT, she is the second yacht delivered by Heesen in 2021.  
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With muscular exterior lines by Omega Architects, characterised by ‘shark-tooth’ superstructure overhangs and vertical windows, Heesen s 55-metre class epitomises the idea of elegance on the water. The design features the latest iteration of van Oossanen’s ultra-efficient Fast Displacement Hull Form. Powered by IMO III-compliant MTU 8V 4000 M63s, it offers frugal fuel consumption of just 150 litres per hour at 11 knots, for truly economical passagemaking.  ....

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Herman Miller to acquire Knoll for $1.8 billion | Woodworking Network


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ZEELAND, Mich. and EAST GREENVILLE, Pa., - Herman Miller Inc. has entered into a definitive agreement to acquire Knoll Inc. in a cash and stock transaction valued at $1.8 billion.
Announced April 19, the transaction is expected to close by the end of the third quarter of calendar year 2021, subject to customary approval of closing conditions. Upon completion of the transaction, Herman Miller shareholders will own approximately 78% of the combined company and Knoll shareholders will own approximately 22%.
The acquisition combines two of the top 5 contract furniture makers in North America. According to a statement from Herman Miller and Knoll, the combined company will have pro forma annual revenue of approximately $3.6 billion and pro forma adjusted EBITDA of approximately $552 million, based on each company’s respective last reported 12 months and including the anticipated $100 million of cost synergies, implying adjusted EBITDA margins of approximately 16%. H ....

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