Office furniture manufacturer Knoll has announced that net sales for the quarter ended June 30, 2011 were $238.7 million, an increase of 24.1% from the second quarter 2010.
"In the second quarter of 2011 we were honored with and celebrated an award that has been 73 years in the making," commented Andrew Cogan, CEO. "On May 26, 2011 the Smithsonian's Cooper-Hewitt, National Design Museum announced that we were the winner of the 2011 Award for Corporate and Institutional Achievement. In accepting this award, we join a very short and prestigious list of the most highly respected brands in design across all industries and categories. I deeply believe that it is exactly our ability to balance the goals of art with the demands of industry that distinguishes a Knoll design from the efforts of our competitors and allows us to continue to generate, as we did in the just completed quarter, industry leading levels of profitability for our shareholders."
Operating profit was $23.3 million, an increase of 95.8% from the second quarter 2010.