Interface, Inc. Reports Earnings Results for the First Quarter Ended April 4, 2021
May 07, 2021 at 03:30 am EDT
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Interface, Inc. announced earnings results for the first quarter ended April 4, 2021. For the first quarter, the company announced sales was USD 253.260 million compared to USD 288.169 million a year ago. Operating income was USD 16.866 million compared to operating loss of USD 93.512 million a year ago. Net income was USD 6.938 million compared to net loss of USD 102.167 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 1.75 a year ago.
Interface, Inc. is a global flooring company. The Company is specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT), vinyl sheets, and nora rubber flooring. Its segments include Americas (AMS) and Europe, Africa, Asia and Australia (EAAA). The AMS segment includes the United States, Canada and Latin America geographic areas. It markets modular carpet under the brand names Interface and FLOR. It produces carpet tiles in a range of colors, patterns, textures, pile heights and densities. These varieties are designed to meet both the practical and aesthetic needs of commercial interiors. The Company offers a category of products, namely modular resilient flooring, and its product include LVT. It offers rubber flooring products under the noraplan and norament brands, which include in its resilient flooring portfolio. The Company also produces and sells a specially adapted version of carpet tile for the healthcare facilities market.