Interface Q1 Sales Rose 14%, Income Up 93%
Atlanta, GA, May 9, 2022-Interface announced Q1 2022 net sales of $288 million, a 14% increase over Q1 2021’s $253.3 million, with growth across all product categories.
The company reported net income of $13.3 million in Q1 2022, a 93% increase compared to Q1 2021 net income of $6.9 million.
"We delivered strong first quarter results, with revenue growth of 14%, driven by increasing demand across our portfolio of carbon neutral and carbon negative flooring products. Orders in the first quarter increased 15% year-over-year, marking our fourth consecutive quarter of double-digit orders growth. Our team's strong execution, including pricing and productivity gains, helped mitigate supply chain and inflationary headwinds during the quarter," said Dan Hendrix, chairman of Interface.