• Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • PRODUCTS
  • A&D
  • INSTALLATION
  • MARKETS
  • AWARDS
  • EDUCATION
  • BUYER'S GUIDE
  • MEDIA
  • EMAGAZINE
  • SIGN UP
cart
facebook twitter linkedin youtube
  • NEWS
  • Breaking Flooring News
  • eNewsletters
  • PRODUCTS
  • Carpet & Area Rugs
  • Hardwood
  • Installation Products
  • Installation Tools & Equipment
  • Laminate
  • Resilient
  • Specialty
  • Tile & Stone
  • MARKETS
  • Commercial
  • Residential
  • AWARDS
  • Installation Awards
  • Top Flooring Products
  • EDUCATION
  • Continuing Education
  • Webinars
  • MEDIA
  • FLOOR Podcast
  • Videos
  • TISE 2025 Videos
  • Product Spotlights
  • eBooks
  • EMAGAZINE
  • eMagazine
  • Archive Issues
  • Contact
  • Advertise
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
    • Breaking Flooring News
    • eNewsletters
  • PRODUCTS
    • Carpet & Area Rugs
    • Hardwood
    • Installation Products
    • Installation Tools & Equipment
    • Laminate
    • Resilient
    • Specialty
    • Tile & Stone
  • A&D
  • INSTALLATION
  • MARKETS
    • Commercial
    • Residential
  • AWARDS
    • Installation Awards
    • Top Flooring Products
  • EDUCATION
    • Continuing Education
    • Webinars
  • BUYER'S GUIDE
  • MEDIA
    • FLOOR Podcast
    • Videos
    • TISE 2025 Videos
    • Product Spotlights
    • eBooks
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP
Breaking Flooring NewsArchitecture & Design (A&D)

Select Interior Concepts Announces 2019 Second Quarter Financial Results

Select-Interior-logo
August 8, 2019

Atlanta -- Select Interior Concepts announced its financial results for the second quarter ended June 30.

“We were pleased with our overall performance driven by market share gains and solid execution," said Tyrone Johnson, CEO. "Our team remains committed to generating improvements across all areas of our rapidly growing business. In our Architectural Services Group segment, we realized strong growth from price/mix and volume gains. In our Residential Design Services segment, our backlog has strengthened each month through June 2019 and we continue to benefit from our diversification strategy. Excluding $1.3 million of incremental corporate and public company infrastructure costs, Adjusted EBITDA margin increased by approximately 20 basis points year over year in the second quarter. We are excited about our progress to-date and our plan to continue scaling and capturing share in attractive markets.”

Net sales for the second quarter of 2019 increased by 26.8% to $158.3 million, compared to net sales of $124.9 million for the second quarter of 2018. Residential Design Services segment sales increased 35.9% and Architectural Surfaces Group segment sales increased 16.4%, compared to the second quarter of 2018. Net sales increased on an organic basis by $2.0 million, or 1.6%, driven by growth in ASG partially offset by softness in RDS’s Southern California market. Acquisitions added $31.5 million to net sales, primarily in the RDS segment.

Gross profit for the second quarter of 2019 increased by 28.4% to $44.2 million, compared to $34.4 million for the second quarter of 2018. Gross margin for the second quarter of 2019 was 27.9%, compared to 27.6% for the second quarter of 2018. The increase in gross profit and improvement in gross margin were primarily a result of acquisitions and favorable shifts in product mix as well as price increases.

For the second quarter of 2019, net income was $1.2 million, compared to a net loss of $0.1 million for the second quarter of 2018. Net income for the second quarter of 2019 includes $1.0 million of other expense, which primarily results from a change in the fair value of earnout liabilities for completed acquisitions.

EBITDA for the second quarter of 2019 increased 59.0% to $12.2 million, compared to EBITDA of $7.7 million for the second quarter of 2018. Adjusted EBITDA, which excludes the impact of equity compensation and certain non-recurring costs, for the second quarter of 2019 increased by 20.3% to $16.6 million, compared to $13.8 million for the second quarter of 2018.

For more information, visit www.selectinteriorconcepts.com.

KEYWORDS: business management financial insights

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • resilient flooring

    The 7 Types of Resilient Flooring

    The resilient flooring category is comprised of many...
    Resilient Flooring
    By: Resilient Floorcovering Institute
  • QuickDrain USA’s ShowerLine linear drain

    Tips for Curbless Shower Installation Using a Linear Drain

    Consider these four tips when planning for a curbless...
    Flooring Installation Products
    By: Darryl Jones
  • 2024 New Flooring Product Guide

    2024 New Flooring Products Guide

    We explore this year's introductions in area rugs,...
    Flooring Installation
    By: FLOOR Trends & Installation Editors
You must login or register in order to post a comment.

Report Abusive Comment

Subscribe For Free!
  • eMagazine
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

Takeaways from the 2024 AHSG Convention & Member Outlook for 2025

Takeaways from the 2024 AHSG Convention & Member Outlook for 2025

Shaw Flooring Network Retailers Report Post-Election Sales Surge

Shaw Flooring Network Retailers Report Post-Election Sales Surge

What Shaw Flooring Network Dealers are Banking on for 2025

What Shaw Flooring Network Dealers are Banking on for 2025

Retailers Share Top Takeaways from Shaw Flooring Network Convention

Retailers Share Top Takeaways from Shaw Flooring Network Convention

More Videos

Popular Stories

Schluter waterproofing system

Waterproofing Wet Areas: Three Essential Methods to Protect Your Bathroom and Shower Installation

AHF Products CEO Brent Emore

AHF Products Names Brent Emore CEO

Starnet 2025 Carlsbad CA

Future-Proofing Success: How Starnet Members Are Building Resilient Flooring Businesses


Download the Free Moisture Meters Guide

Events

June 9, 2025

NeoCon 2025

A trade show for the commercial interior design industry.

December 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Poll

Flooring Groups

Flooring retailers, do you belong to a buying, marketing or franchise group?
View Results Poll Archive

Products

2025 BNI Interiors Square Foot Costbook

2025 BNI Interiors Square Foot Costbook

See More Products

FLOORtalk podcasts - Listen Now

Related Articles

  • Select-Interior-logo

    Select Interior Concepts to Release Second Quarter 2019 Financial Results

    See More
  • Select-Interior-logo

    Select Interior Concepts Announces 2019 Third Quarter Financial Results

    See More
  • Floor-and-Decor-logo

    Floor & Decor Holdings Announces Second Quarter Financial Results

    See More

Events

View AllSubmit An Event
  • June 9, 2025

    NeoCon 2025

    A trade show for the commercial interior design industry.
  • June 9, 2025

    Fulton Market Design Days

    Fulton Market Design Days is dedicated to celebrating and advancing the transformative power of the contract furniture industry.
View AllSubmit An Event
×

We’re rolling out the red carpet of flooring knowledge!

Stay in the know on the latest flooring retail trends.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Instagram
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing

search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
    • Breaking Flooring News
    • eNewsletters
  • PRODUCTS
    • Carpet & Area Rugs
    • Hardwood
    • Installation Products
    • Installation Tools & Equipment
    • Laminate
    • Resilient
    • Specialty
    • Tile & Stone
  • A&D
  • INSTALLATION
  • MARKETS
    • Commercial
    • Residential
  • AWARDS
    • Installation Awards
    • Top Flooring Products
  • EDUCATION
    • Continuing Education
    • Webinars
  • BUYER'S GUIDE
  • MEDIA
    • FLOOR Podcast
    • Videos
    • TISE 2025 Videos
    • Product Spotlights
    • eBooks
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP