Interface Reports Record Sales in Americas
Atlanta, GA, Oct. 23, 2013 -- Interface reported third quarter net income of $15.0 million, or $0.23 per share, compared to a net loss of $5.8 million, or $0.09 per share a year ago.
Sales for the third quarter were $254.5 million, compared with sales of $242.9 million in the third quarter of 2012, an increase of 4.8%.
"Our Americas business was the star of the quarter, achieving its highest levels of sales and operating income in company history notwithstanding a challenging market environment," said CEO Daniel T. Hendrix.
"Sales also improved substantially in our Asia-Pacific region, with our operations in China turning the corner on profitability. While the top line in Europe was essentially flat year over year, we saw the orders comparison turn positive in the month of September and the region showed a 9% sequential improvement in sales.
"We're pleased with our accomplishments in the third quarter, but our outlook for the final three months of the year is somewhat moderated by a softening order book in the United States over the past two months," Hendrix said.