Knoll, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of $327,737,000 compared to $291,256,000 a year ago. Operating profit was $32,920,000 compared to $27,727,000 a year ago. Income before income tax expense was $27,487,000 compared to $27,319,000 a year ago. Net earnings attributable to the company stockholders was $20,323,000 or $0.41 per diluted share compared to $19,132,000 or $0.39 per diluted share a year ago. Capital expenditures for the third quarter of 2018 totaled $5.3 million compared to $8.7 million in the third quarter of 2017. Adjusted EBITDA was $47.2 million compared to $39.0 million a year ago. Adjusted diluted earnings per share was $0.48 compared to $0.40 per share a year ago. Adjusted operating profit was $36.9 million compared to $28.3 million a year ago. Adjusted net earnings was $23.7 million compared to $19.6 million a year ago.

For the nine months, the company reported net sales of $947,647,000 compared to $816,770,000 a year ago. Operating profit was $80,192,000 compared to $68,195,000 a year ago. Income before income tax expense was $66,165,000 compared to $68,617,000 a year ago. Net earnings attributable to the company shareholders was $48,706,000 or $0.99 per diluted share compared to $47,470,000 or $0.96 per diluted share a year ago. Cash flows provided by operating activities was $64,898,000 compared to $59,404,000 a year ago.

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