Interface, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2023
November 03, 2023 at 05:30 am EDT
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Interface, Inc. reported earnings results for the third quarter and nine months ended October 01, 2023. For the third quarter, the company reported sales was USD 311.01 million compared to USD 327.76 million a year ago. Net income was USD 9.88 million compared to USD 14.07 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.24 a year ago.
For the nine months, sales was USD 936.38 million compared to USD 962.36 million a year ago. Net income was USD 24.96 million compared to USD 44.18 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.75 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.
INTERFACE, INC. 
