Interface reports higher income, sales

HomeNewsInterface reports higher income, sales

InterfaceFlorAtlanta—Interface recently reported second quarter net income of $11.0 million, or $0.17 per share, compared with $10.3 million, or $0.16 per share, a year ago.
Sales for the quarter were up 6.1% to $243.5 million, compared with $229.5 million in the second quarter of 2012.

“We made tremendous strides improving our performance during the second quarter, reflected by our increased sales, gross margin and earnings,” said CEO Daniel Hendrix. “We’re very pleased with our surge in the Americas business, with sales up 12% year-over-year and well ahead of the overall commercial market.”

The Americas business had sales increase 11.6% year-over-year and hit an all-time quarterly record within the U.S. commercial business.
The growth occurred across nearly all market segments, Interface said, led by the corporate office segment (up 11%) and the non-office segments of hospitality (up 63%), government (up 16%) and healthcare (up 13%).

Flor consumer business sales were up 65% over last year, due primarily to the larger Flor store footprint and increased web traffic. “In short, these results show continued modest sequential improvements on the top-line and earnings should follow as some spending has occurred in front of sales,” said analyst Stifel Nicolaus. “Europe remains a challenge but still represents the greatest margin leverage opportunity.”

 

Must Read

Mohawk Builder + Multifamily promotes Made in USA portfolio

Calhoun, Ga.—Mohawk Builder + Multifamily is aiming to build a more sustainable world with a diverse portfolio of carpet, laminated wood and resilient flooring...

Johnsonite named Top Product in Fuse Alliance Supplier Awards

Solon, Ohio—Tarkett’s Johnsonite family of rubber tile and finishing accessories was named Top Product in the Fuse Alliance Supplier Awards during the group’s annual...

WFCA launches SEAL Academy

Dalton—The World Floor Covering Association (WFCA) has launched the SEAL (Seeking Excellence As Leaders) Academy, a leadership development and certification program billed as a...

Mannington hires award-winning carpet designer

Salem, N.J.—Mannington has appointed Jeanette Himes as manager of residential carpet design. With her extensive experience in carpet design, Himes is set to bring a...

Underlayment: Padding products tout form and function

Underlayment is a crucial part of the flooring installation process. Its benefits include sound absorption, moisture protection, substrate leveling and more.  Choosing the right underlayment...

Southwind names Jim Mahaffey divisional VP

Dalton, Ga.—Jim Mahaffey has been chosen to be the divisional vice president for Southwind's Northeast region of the sales team. Mahaffey joins Southwind after...
Some text some message..
X