Interface Reports Increased Income, Sales

Atlanta, GA, July 28, 2011 -- Interface, Inc. reported net income of $12.8 million, or $0.20 per share, in the second quarter, compared $7.6 million, or $0.12 per share, in the same period last year.

Interface also reported second quarter sales of $267.6 million, compared with sales of $226.6 million in the second quarter of 2010, an increase of 18.1%.

"Our results for the second quarter reflected the improvement in demand across our markets," said CEO Daniel T. Hendrix.

"We achieved solid increases in sales and earnings during the period, as the corporate office segment continued its recovery, and we saw strong contributions from the education and healthcare sectors. We are also pleased with our performance across all of our geographies."

Interface said that North America had solid growth due to strengthening conditions in both the corporate office and non-office markets. Demand in Asia-Pacific also remains strong, the firm said.

"We are also very pleased with the performance of Bentley Prince Street, which generated a profitable quarter driven by strong growth in demand for its carpet tile products," Hendrix said.

CFO Patrick C. Lynch said Interface was able to generate improved profitability despite an increase in raw material prices and the near-term cost impact of developing its China manufacturing facility

For the first six months of 2011, sales were $513.0 million, compared with $443.8 million for the same period a year ago, an increase of 15.6%.

Net income in the first six months was $22.6 million, or $0.35 per share, compared with net income of $9.5 million, or $0.15 per share, last year.