Stifel Nicolaus Raises Interface Estimate
New York, NY, July 26, 2013 -- Analyst Stifel Nicolaus has raised its estimates for carpet tile maker Interface.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Tom Oreck May Buy Back Company Stores
Glenwillow, OH and Asheville, NC, July 26, 2013 –- TTI Floor Care and Tom Oreck said they are close to an agreement for the purchase of an unspecified number of Oreck retail stores by Tom Oreck.
Interface Reports Higher Income, Sales
Atlanta, GA, July 25, 2013 -- Carpet tile maker Interface, Inc. 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.
Builder D.R. Horton Says Orders, Sales Up
Dallas, TX, July 25, 2013 -- Homebuilder D.R. Horton reported net income of $146 million, or $0.42 per share, down from from $787.8 million, or $2.22 per share, a year earlier.
Initial Jobless Claims Edge Higher
Washington, DC, July 25, 2013 -- Initial claims for unemployment benefits last week rose by 7,000 to 343,000 from a revised 336,000 the week before, according to the Labor Department.
Durable Goods Orders Rise in June
Washington, DC, July 25, 2013 -- Durable goods order rose in June because of higher aircraft demand as orders for other goods were flat.
League of Hard Flooring Professionals Forms
New York, NY, July 15, 2013 -- An organization called the League of Hard Flooring Professionals, a non-profit group focused on hard surface flooring and floor care, has been formed.
May New Home Sales Rise Sharply
Washington, DC, July 24, 2013 -- Sales of new homes rose 8.3% in June to an annual rate of 497,000, the highest level in more than five years, according to the Commerce Department.
AIA Billings Index Still Showing Growth
Washington, DC, July 24, 2013 -- The Architecture Billings Index remained positive again in June after the first decline in ten months in April.
Lumber Liquidator Reports Higher Income, Sales
Toano, VA, July 24, 2013 -- Lumber Liquidators reported second quarter net income of $20.4 million, or $0.73 per share, up 67.7% $12.2 million, or $0.43 per share, in the second quarter of 2012.