Interface Reports Sales Decline of 1.2% for Q4, Earnings Loss of $24.6M
Atlanta, GA, February 28, 2023-Interface reported net sales of $335.6 million for Q4 2022, a 1.2% decline from Q4 2022’s $339.6 million.
The company reported a net loss of $24.6 million for Q4 2022, compared to income of $21.8 million in Q4 2021.
Net sales for fiscal year 2022 were $1.3 billion, up 8.1% compared to $1.2 billion in fiscal year 2021, while net income for fiscal year 2022 was $19.6 million, a 64.5% decline compared to income of $55.2 million in fiscal year 2021.
“Interface delivered strong results in 2022 driven by growth across all product lines and geographies. In a challenging macroeconomic environment, we grew net sales 13% on a currency neutral basis and increased adjusted operating income by 8% year-over-year. We continued to see robust demand for our carbon neutral and carbon negative products with currency neutral orders up 6.5% in 2022,” commented Laurel Hurd, CEO of Interface.