Home / Knowledge / News / Textiles / Carpet maker Interface sales up 3% in 2013
Carpet maker Interface sales up 3% in 2013
Feb '14
Interface, Inc., a worldwide carpet tile company and global leader in sustainability, announced results for the fourth quarter and fiscal year ended December 29, 2013.
"We had a reasonably good finish to the year, as our expectations for fourth quarter growth were somewhat tempered by the softened order level we saw for a few weeks in the previous quarter," said Daniel T. Hendrix, Chairman and Chief Executive Officer of the Company.  
"The most encouraging sign of the fourth quarter was the continued progress within our European business, where we were pleased to see our primary markets continue to recover and our sales comparison turn positive for the first time in two years.  Our Americas business continued its gradual but steady growth in the fourth quarter, gaining additional share in a U.S. commercial market that has yet to see a true rebound.  
In Asia-Pacific, sales declined primarily as a result of the lingering effects of last year's plant fire in Australia, but we also reached a final settlement with our insurance company regarding the fire claim, resulting in a gain during the fourth quarter.  We also commenced operations at our new manufacturing facility located near Sydney, Australia during the first week of January, which should improve service levels in the region going forward." 
Fourth Quarter 2013 Financial Summary & Highlights
Sales for the fourth quarter of 2013 were $251.7 million, a slight uptick from sales of $249.6 million in the fourth quarter of 2012. 
Sales in our Americas business increased 3.1% year over year.  Most of the growth occurred in the residential market segment (up 55%), primarily within with our FLOR consumer business. FLOR sales were up 25% versus the fourth quarter last year, due primarily to the larger FLOR store footprint and increased web traffic, with same store sales up 44% year over year.  
The corporate office segment continued its gradual recovery (up 3%) and all other non-office segments were about even year over year, with the exception of the education segment (down 9%).   
Our Europe division continued its steady improvement, with sales essentially pulling even with the prior year period in local currency and up 4% as reported in U.S. dollars.
Sales in the Asia-Pacific region were down 13%, due to a combination of macroeconomic conditions, currency impacts, and the lingering effects of the 2012 fire at the plant in Australia.
Click here to view full results.


Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search