Commercial flooring company Interface announced net sales were up 14% year-over-year for the first quarter of 2022, which ended April 3, 2022.

"We delivered strong first quarter results, with revenue growth of 14%, driven by increasing demand across our portfolio of carbon neutral and carbon negative flooring products," said Dan Hendrix, Chairman of Interface. "Orders in the first quarter increased 15% year-over-year, marking our fourth consecutive quarter of double-digit orders growth. Our team's strong execution, including pricing and productivity gains, helped mitigate supply chain and inflationary headwinds during the quarter."

Gross profit margin was 37.1% in the first quarter, a decrease of 84 basis points from the prior year period. Adjusted gross profit margin was 37.9%, a decrease of 55 basis points from adjusted gross margin for the prior year period due primarily to higher freight and raw material costs.

"We have proactively increased efficiency across our business and we continue to implement cost control measures that, when paired with strong order momentum, provide a strong foundation for growth for the remainder of the year and beyond," added Bruce Hausmann, CFO of Interface.