Interface, a worldwide commercial flooring company based in Atlanta, Georgia, today announced net sales were up 17.6% to $347 million for the second quarter ended July 3, 2022. Orders increased 10% year-over-year on a currency-neutral basis.
"We delivered strong second quarter results, with revenue up 18%, reflecting growth across the business," said Laurel Hurd, CEO of Interface. "Continued strong demand for our carbon neutral and carbon negative products drove a 10% year-over-year increase in backlog, highlighting our established leadership in design and sustainability. We continue to be encouraged by the activity we are seeing in our business globally, despite ongoing inflationary pressures and FX-related headwinds. We remain focused on our growth and diversification strategy, which we believe positions Interface for continued success over the long term."
The company said in a statement that there continues to be significant macro-economic and geopolitical uncertainty in the global economy, aggravated by the Russia-Ukraine war. Persistent inflation and rising interest rates present challenges to the business, while FX-related headwinds negatively impact the foreign currency denominated net sales generated outside the U.S. when they are translated into U.S. dollars. At the same time, the company said these challenges are being partially offset by strong execution by the company's sales and manufacturing teams, continued demand in the commercial market, and a strong backlog as the company moves into the second half of the year.