There are four broad factors to consider when it comes to furniture and coverings manufacturer Knoll (KNL).
First, recent performance has been excellent. The last four quarters have come in nicely ahead of Street estimates. That includes an impressive Q1 last month in which revenue growth above 12% was seven points better than a three-analyst consensus. That quarter followed a strong 2018, when the company posted 7%+ organic revenue growth. Margins are expanding nicely as well: adjusted gross margin rose 50 bps in 2018, with EBIT margins expanding twice as fast.