Tarkett's U.S. Sales Up but Organic Growth Down
Paris, FR, October 24, 2019-Tarkett's North American segment sales rose 11.7% year-over-year (YOY) in Q3; however, organic growth was down 2.2%.
For the U.S. business, market conditions remained soft, outside demand for LVT products, which continued to grow generating some mix pressure. Selling price increases remained sustained. Residential remained under pressure amid a soft U.S. housing market.
For its global business, Tarkett reported an 8% YOY net sales increase for Q3 2019.