Select Interior Concepts Reports Net Sales & Income Increases for Q3
Atlanta, GA, November 6, 2019-Select Interior Concepts, an installer and distributor of interior building products, announced that net sales for Q3 2019 increased 25.0%, compared to Q3 2018.
Residential Design Services segment sales increased 42.2%, and Architectural Surfaces Group segment sales increased 5.4%, compared to Q3 2018.
Net sales increased on an organic basis by $2.7 million, or 2.1%, primarily driven by growth in ASG. Overall higher volume more than offset unfavorable price/mix. Acquisitions added $29.1 million to net sales, primarily in the RDS segment. The company acquired T.A.C. Ceramic Tile Co. in January 2019.
Net income for Q3 2019 was $2.5 million, compared to $0.8 million in Q3 2018.