Interface Increases Sales & Gross Profit in Third Quarter

La Grange, GA, October 29, 2015—Interface reported third quarter 2015 sales of $254.7 million, up 1%, and earnings per share of $0.31, compared to sales of $252.2 in third quarter 2014.

Sales in local currency were up 7% in North America, excluding a $4 million foreign exchange headwind related to Canada.

Office sales were up 10%; non-office sales were down 2%. The education and government sectors dragged non-office sales, with hospitality as a slight offset. FLOR sales were up 2.6% driven by higher online sales.

Third quarter 2015 operating income increased to $31.3 million, or 12.3% of sales, compared with $19.6 million, or 7.8% of sales, in the third quarter last year, excluding a previously announced pre-tax restructuring and asset impairment charge of $12.4 million in the prior year period. Including the charge, operating income in the third quarter last year was $7.3 million, or 2.9% of sales. Currency fluctuation negatively impacted 2015 third quarter operating income by $2.0 million.

Gross profit margin was 38.5% in the third quarter of 2015, up 540 basis points compared with 33.1% in the prior year period.