Interface, Inc. (Nasdaq: IFSIA), the sustainability leader in floorcoverings, reported results for the third quarter ended September 30, 2007. Sales increased 19.3% to $279.5 million from the same period last year, while operating income rose 36.1% to $34.8 million, or 12.4% of sales – a record operating margin. Income from continuing operations was $15.2 million, another record high.
Says CEO Daniel Hendrix, “Driven by the continuing strength of the corporate office market and our segmentation strategy, our modular business continued its strong performance in the period, as revenues grew more than 20% to record levels across each of our key geographic regions of the Americas, Europe and Asia-Pacific.
As we enter the fourth quarter, which typically is our best quarter of the yearly cycle, I believe the opportunities for our business have never been better. Overall, we are growing our share in an expanding market, we continue to benefit from the secular shift toward modular applications through our segmentation strategy and from the penetration of carpet tile in emerging geographic markets, and we have a healthy backlog of orders.”
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