Knoll Reports Fourth Quarter and Full Year Results
Knoll, Inc (KNL)
Last knoll, inc earnings: 10/23 04:15 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/4geq.url
Company Research
Source: GlobeNewswire
Completed $750M Credit Facility amendment and extension to run through January 2023Closed Muuto Acquisition on January 25thExpects Significant EPS Benefit From New Tax Rates EAST GREENVILLE, Pa., Feb. 08, 2018 (GLOBE NEWSWIRE) -- Knoll, Inc. (NYSE:KNL), a leading designer and manufacturer of furnishings and coverings for the workplace and home, today announced results for the fourth quarter and year ended December 31, 2017. Net sales were $316.1 million for the fourth quarter, an increase of 7.9%, from the fourth quarter of 2016. Operating profit for the quarter was $12.6 million, a decrease of 64.8% when compared to operating profit of $35.8 million for the fourth quarter of 2016. Adjusted operating profit was $31.6 million, a decrease of 11.7% when compared to adjusted operating profit of $35.8 million in the fourth quarter of 2016. Net earnings for the fourth quarter of 2017 were $32.7 million, an increase of 52.4% when compared to the fourth quarter of 2016. Adjusted net earni
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