Interface Quarterly Profit Doubles Over 2009

Atlanta, GA, July 29, 2010--Surging sales helped Interface Inc. to double its second-quarter profit over last year.

Interface reported net income of $8 million and earnings of $0.12 a share, compared with net income of $3.8 million and earnings of $0.06 a share in the second quarter of 2009.

Second-quarter sales rose 7.2 percent to $226.6 million.

"We had a strong second quarter that built upon the momentum we created at the start of the year," said Daniel T. Hendrix, Interface president and CEO, in a press release.

"We saw significant year-over-year increases in sales, margins and earnings, as we continued to realize the benefits of our end market diversification strategy and cost control initiatives. Importantly, the recovery in the corporate office segment that began in the first quarter has continued, and we also saw solid growth in the retail, institutional and hospitality sectors.”

For the first six months of 2010, sales were $443.8 million, compared with $410.6 million for the same period a year ago, an increase of 8.1%.

"Our recent sales growth is evidence of share gains and improving demand we are seeing for our products, but even more encouraging is the 16% increase in orders during the quarter, which reflects growth in demand across all geographic regions," Hendrix said.