Tuesday, 29 September 2015

Sherill sells TILE 22.86: The Company manufactures carpets at two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand and China.

The Company distributes its products through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company operates in the United States, Europe and Asia-Pacific. The Company markets its modular carpets in over 110 countries under the brand names Interface, FLOR and Heuga. Investors of record on Friday, August 14th will be given a dividend of $0.05 per share. Hendrix sold 10,000 shares of the stock in a transaction on Wednesday, July 1st.


Simonne:
In other Interface news, VP John R.

Kellye:
The business earned $263.60 million during the quarter, compared to the consensus estimate of $267.73 million.

Leonia:
Hendrix, Chairman and Chief Executive Officer, Patrick C.

Ulrike:
Interface, Inc. is the world's largest manufacturer of modular carpet, which it markets under the Interface and FLOR brands.

Jamika:
Net Income: Net income during the second quarter of 2015 increased to $21.7 million, or $0.33 per share, compared with net income of $13.1 million, or $0.20 per share, in the second quarter last year.

Enda:
Operating Income: Second quarter 2015 operating income increased to $33.2 million, up 330 basis points to 12.6% of sales, compared with $24.3 million, or 9.3% of sales, in the second quarter last year.

Lauran:
Our sales in the Asia-Pacific region in the second quarter of 2015 were up 4.1% in local currency compared with the prior year period, led mainly by 14% growth in Australia and 6% growth in China, offsetting a 35% decline in Southeast Asia.

Ingrid:
Currency had a $15.7 million negative impact on our 2015 second quarter sales in Europe, resulting in a year over year decline of 6.6% in U.S. dollars.

Karma:
In local currency, our Europe business had the highest growth rate, with sales up 15.7%, mainly due to strength in the U.K., Ireland and Germany.

Casey:
Currency fluctuations negatively impacted 2015 second quarter sales in the Americas by approximately $3.9 million, resulting in a year over year gain of 7.0% in U.S. dollars.

Interface (NASDAQ:TILE)
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