Interface Posts Strong Sales & Earnings for Q4 with Nora Acq.
Atlanta, GA, February 20, 2019-Interface reported Q4 2018 net sales rose 27% YOY. Nora contributed $71 million of net sales in the quarter. The company reported a 32% net income increase for Q4 2018 YOY.
For the year, net sales rose 18% YOY. Net income fell from $53 million in 2017 to $50 million in 2018.
Previously a carpet tile-only firm, Interface entered the hard surface business in February 2017 by launching several LVT lines and completed its acquisition of Nora in early August 2018.