Knoll has announced results for the fourth quarter and year ended December 31, 2010. Net sales were $239.8 million for the quarter, an increase of 30.4% from fourth quarter 2009. Operating profit was $24.2 million, or 10.1% of net sales, an increase of 112.3% from the fourth quarter 2009.

Excluding restructuring charges of $1.7 million, adjusted operating profit was $25.9 million during the fourth quarter of 2010, or 10.8% of net sales, an increase of 73.8% when compared to adjusted operating profit from the fourth quarter of 2009. Net income was $10.8 million, an increase of 170.0% when compared with the fourth quarter of 2009. Diluted earnings per share was $0.23 for the quarter compared to $0.09 per share in the prior year. Adjusted earnings per share was $0.26 for the quarter compared to $0.14 per share in the prior year.

Read the full report here.