Knoll, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales were $323,351,000 against $268,694,000 for the same period prior year. Operating profit was $24,812,000 against $19,832,000 for the same period prior year. Income before income tax expense was $17,744,000 against $20,138,000 for the same period prior year. Net earnings attributable to the stockholders of the company were $13,124,000 against $12,934,000 for the same period prior year. Diluted earnings per share attributable to stockholders of the company were $0.27 against $0.26 for the same period prior year. Adjusted operating profit for the second quarter of 2018 was $30.6 million, an increase of 35.4%, from the second quarter of 2017. Adjusted net income for the second quarter of 2018 was $20.8 million, an increase of 41.3%, from $14.7 million in 2017. Adjusted EBITDA was $42.1 million, an increase of 30.4% when compared to $32.3 million in the second quarter of 2017. Adjusted diluted earnings per share were $0.42 and $0.30 for the second quarter of 2018 and 2017, respectively. Capital expenditures for the second quarter of 2018 totaled $7.6 million compared to $10.1 million in the second quarter of 2017. Operating activities provided $28.2 million of cash in the quarter, compared to $28.4 million in the prior year.

For the six months, the company reported net sales were $619,910,000 against $525,514,000 for the same period prior year. Operating profit was $47,272,000 against $40,468,000 for the same period prior year. Income before income tax expense was $38,678,000 against $41,298,000 for the same period prior year. Net earnings attributable to the stockholders of the company were $28,383,000 against $28,338,000 for the same period prior year. Diluted earnings per share attributable to stockholders of the company were $0.58 against $0.57 for the same period prior year. Cash provided by operating activities was $33,773,000 against $32,238,000 a year ago.

The company expects its full year effective tax rate to be between 25% to 26% for fiscal year 2018.