Atlanta -- Interface announced net sales growth of 24% and organic growth of 9% for the third quarter, which ended September 30.
“On the bottom line, GAAP EPS, which included nora acquisition purchase accounting items and transaction related expenses, was down 56%, but excluding those items, we delivered an impressive adjusted EPS growth of 28% year-over-year,” said Jay Gould, CEO of Interface. “This momentum was fueled by our core carpet tile business, an accelerating LVT business, and the completion of our acquisition of nora systems. And while gross margins were down slightly, we remain confident in achieving our 2018 objectives, and that our value creation strategy is working."