Year-over-Year Sales Growth
Interface reported a 4% year-over-year currency neutral growth in net sales, with strong momentum in the Americas where net sales grew 6% and currency neutral orders were up 10%.
Education and Healthcare Segment Growth
Global education billings were up 13%, and healthcare billings grew 16% year-over-year, driven by strong orders and a broad product portfolio.
Sustainability Initiatives
Interface made strategic investments to incorporate captured carbon into manufacturing, aligning with their goal to be carbon negative by 2040.
Strong Backlog and Order Momentum
Consolidated currency neutral orders increased 3% year-over-year, with a strong backlog up 12%, indicating a solid outlook for future quarters.
Financial Stability
Interface reported strong liquidity at $397.2 million, with a net leverage ratio of 1.1 times, and generated $11.7 million of cash from operating activities.