Knoll, Inc. reported earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of $296.6 million as compared to $256.8 million for the same period last year. Operating Profit was $22.5 million as compared to $20.6 million for the same period last year. Adjusted Operating Profit was $24.0 million as compared to $20.6 million for the same period last year. Net Earnings was $15.3 million as compared to $15.4 million for the same period last year. Adjusted Net Earnings was $17.4 million as compared to $15.4 million for the same period last year. Adjusted EBITDA was $36.8 million as compared to $32.3 million for the same period last year. Diluted Earnings Per Share was $0.31 as compared to $0.31 for the same period last year. Adjusted Diluted Earnings Per Share was $0.35 as compared to $0.31 for the same period last year. Capital expenditures for the first quarter of 2018 totaled $8.5 million compared to $10.7 million in the first quarter of 2017. Cash provided by operating activities was $5,601,000 as compared to $3,825,000 for the same period last year.

The Company expects its full year 2018 effective tax rate will be between 25% and 26% for fiscal year 2018.