Interface, Inc. (Nasdaq: IFSIA), a world leader in manufacturing sustainable floorcoverings and fabrics, announced it achieved an 18.4% in sales for the third quarter, from $228.5 million ini Q3 05 to $270.6 million in Q3 06.
Operating increased by 27.6% to $25 million. As a percentage of sales, operating income improved to 9.2% from 8.6% in the third quarter of 2005. Net income for the 2006 third quarter rose 77.8% to $9.1 million, or $0.17 per diluted share, versus net income of $5.1 million, or $0.10 per diluted share, in the 2005 third quarter.
“The strong performance we have seen throughout 2006 accelerated in the third quarter,” said Daniel T. Hendrix, President and CEO. “Our sales growth was driven by solid performance across all of our geographic regions, as the corporate office market recovery continued, and our modular carpet and broadloom businesses gained additional share in the marketplace.”
Sales for the first nine months of 2006 were $779.9 million, an increase of 7.6% over sales of $725.2 million in the first nine months of 2005.
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