Interface Quarterly Income More Than Doubles

Atlanta, GA, Feb. 20, 2014 -- Interface said its fourth quarter net income  was $15.3 million, or $0.23 per share, versus $7.4 million, or $0.11 per share, in the fourth quarter last year.

Sales for the quarter were $251.7 million, up slightly from sales of $249.6 million in the fourth quarter of 2012.

"We had a reasonably good finish to the year, as our expectations for fourth quarter growth were somewhat tempered by the softened order level we saw for a few weeks in the previous quarter," said CEO Daniel T. Hendrix.

"Our Americas business continued its gradual but steady growth in the fourth quarter, gaining additional share in a U.S. commercial market that has yet to see a true rebound."

For the year, net income was $48.3 million, or $0.73 per share, compare to net income of $5.9 million, or $0.09 per share in 2012.

Sales for the year were $960.0 million, compared with $932.0 million in 2012.

"We are carrying good momentum into 2014, with orders firming in the Americas and Europe, and we're seeing a much improved pipeline of project activity compared with a year ago," Hendrix said.

"We have, however, seen some impact in the first six weeks from extreme winter weather in the U.S. and an early Chinese New Year."



Other Archived Articles

Shaw Introduces New Carpet Backing, Protection System   Full Article
Dalton, GA, Jan. 19, 2015 -- Shaw Floors said it is introducing LifeGuard, a new carpet protection system that covers the entire product, from face fiber to backing.

Valinge, System SpA Form Printer Partnership   Full Article
Viken, Sweden, Jan. 19, 2015 -- Välinge Innovation and System SpA have entered into a strategic partnership to supply the flooring and building panel industry with industrial single-pass printers .

Surfaces Show Featuring Booth Crawl Challenge   Full Article
Dallas, TX, Jan. 19, 2015 -- This week's Surfaces show will feature a Booth Crawl Challenge, a new show promotion.

Ceramics of Italy Contest Deadline Extended   Full Article
Bologna, Italy, Jan. 19, 2015 -- The submission deadline for the 2015 Ceramics of Italy Tile Competition has been extended to Jan. 23.

Polley To Be Inducted into WFCA Hall of Fame   Full Article
Anaheim, CA, Jan. 19, 2015 -- David Polley is the newest inductee to the World Floor Covering Association Hall of Fame.

HPS Schönox To Name Contest Winners on Thursday   Full Article
Las Vegas, NV, Jan. 16, 2015 -- HPS Schönox will present the winner of its Schönox Worst Subfloor in North America Contest at Surfaces next Thursday at 11 a.m..

Shnier To Distribute Metroflor's Aspecta in Canada   Full Article
Norwalk, CT, Jan. 16, 2015 -- Metroflor Corp. said it has formed a partnership with Shnier, a leading Canadian floor covering company, to distribute its commercial Aspecta LVT.

Dealer Discovers Rug Owned by FDR   Full Article
New York, NY, Jan. 16, 2015 -- John Ahdoot of Ahdoot Oriental Rugs recently discovered a rug in a New Jersey couple’s home that once belonged to Franklin Delano Roosevelt.

Consumer Sentiment at 11-Year High   Full Article
Ann Arbor, MI, Jan. 16-2015 -- Consumer sentiment in January surged to the highest level in 11 years, according to the preliminary reading of the University of Michigan/Thomson Reuters consumer sentiment index.

Consumer Prices Fall Most in Six Years   Full Article
Washington, DC, Jan. 16, 2015 -- U.S. consumer prices fell 0.4% in December, the largest drop since the end of 2008, according to the Labor Department.

Pharr Yarns Invests in New Space Dye Technology   Full Article
McAdenville, NC, Janu. 15, 2015 -- Pharr Yarns said it has invested in space dye technology for its McAdenville facility to handle the growing demand for sophisticated design.

Engineered Floors Using Dye, Stain Technologies in Soft Nylon   Full Article
Dalton, Ga., Jan. 16, 2015 – Dream Weaver Carpet and Engineered Floors say they are using technology they developed for coloring polyester fiber and applying it to soft nylon.

IVC Deal a Good Sales Opportunity for Mohawk   Full Article
New York, NY, Jan. 15, 2015 -- Stifel Nicolaus still has a "buy" rating on shares of Mohawk Industries following Mohawk's announced acquisition of vinyl firm IVC for $1.2 billion.

Producer Prices Decline in December   Full Article
Washington, DC, Jan. 15, 2015 –- Producer prices fell by 0.3% in December, according to the Commerce Department.

New York Manufacturing Rebounds in January   Full Article
Washington, DC, Jan. 15, 2015 –- Manufacturing activity in New York state surged in January following a decline in December, according to the Federal Reserve.

Initial Jobless Claims Highest Since September   Full Article
Washington, DC, Jan. 15, 2015 – Initial claims for unemployment benefits last week increased to the highest level since early September, according to the Labor Department.

Builder Lennar Sees Profits Surge in Fourth Quarter   Full Article
Miami, FL, Jan. 15, 2015 -- Homebuilder Lennar Corp. reported fourth-quarter profit rose by 52% to $245.3 million, or $1.07 per share.

H.B. Fuller Reports Higher Revenue, Lower Profit   Full Article
St. Paul, MN, Jan. 15, 2015 -- Adhesives maker H.B. Fuller Company reported fourth quarter net income of $10.8 million, or $0.21 per share, compared to net income of $21.9 million, or $0.43 per share, a year ago.

NWFA To Hold Wood Manufacturers Assembly   Full Article
St. Louis, MO, Jan. 15, 2015 -- The National Wood Flooring Association has announced it will hold its Wood Flooring Manufacturers Assembly, March 24-25, at the OMNI Hotel in Nashville.

Couple Sues Wood Manufacturer Over Rare Infestation   Full Article
Newfoundland, Canada, Jan. 15, 2015 -- Homeowners here are seeking compensation in small claims court following a rare powderpost beetle infestation in their hardwood flooring, according to CBC News.