Interface Posts Q4 & FY Results, Names Gould as CEO
Atlanta, GA, February 23, 2017—Interface announced net sales for the fourth quarter 2016 were $239.5 million, down 2.9% compared with sales of $246.6 million in the fourth quarter of 2015.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Toll Brothers Income and Revenues Slip Slightly YOY in Q1
Horsham, PA, February 23, 2017—Toll Brothers Q1 2017 net income was $70.4 million and earnings per diluted share were $0.42, compared to net income of $73.2 million and $0.40 per share diluted in FY 2016’s first quarter.
Architecture Billings Index Dipped Negative in January
Washington, DC, February 23, 2017—The Architecture Billings Index (ABI) dipped slightly into negative territory in January with a score of 49.5, after a very strong showing in December, down from a score of 55.6 in the previous month.
Existing Home Sales Rose 3.3% in Jan.
Washington, DC, February 22, 2017—Total existing-home sales expanded 3.3% to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016, according to the National Association of Realtors.
Galleher Corp. Acquires Copper Plank Hardwood Flooring Mill
Santa Fe Springs, CA, February 22, 2017—Galleher Corp. has acquired the production assets of the Copper Plank Mill in Phoenix, Arizona.
Stifel Offers Insights on Lumber Liquidators' Q4 2016 Performance
St. Louis, MO, February 22, 2017—Analyst Stifel offers the following analysis of Lumber Liquidator’s (LL) fourth quarter 2016 earnings report, which was released yesterday.
CFI Partners with South Africa's FITA to Provide Installation Training
Dallas, TX, February 22, 2017—Certified Floorcovering Installers Association (CFI) has formed a partnership with South African based FiTA to bring ongoing floorcovering installation training classes and certification to professionals throughout the country and beyond.
Home Depot Q4 Sales Rose 5.8% to $22.2 Billion, FY Sales Up 6.9%
Atlanta, GA, February 21, 2017—The Home Depot has reported sales of $22.2 billion for the fourth quarter of fiscal 2016, a 5.8% increase from the fourth quarter of fiscal 2015.
Godfrey Hirst Up for Sale, Reports Australian Financial Review
Melbourne, Australia, February 21, 2017—Australian carpet maker Godfrey Hirst is up for sale, according to Australian Financial Review.
LL's Net Sales Rose 4.3% in Q4, But Earnings for Q4 & FY Still Down
Toano, VA, February 21, 2017—Lumber Liquidators announced net sales in the fourth quarter of 2016 of $244.9 million, an increase of 4.3% from the fourth quarter of 2015’s $234.8.