Interface reported second quarter net sales of $329.6 million, down 4.9%, for the period ending July 2, 2023. Net sales for the first six months of 2023 were $625.4 million, down 1.5% compared to $634.6 million in the same year period.

The company recorded second quarter net income of $15.8 million, down 6% compared to $16.8 million for the second quarter of 2022. For the first half of 2023, the company recorded net income of $15.1 million, a 50% decline compared to $30.1 million in the first six months of 2022. 

Interface CEO Laurel Hurd said: 

“Our second quarter results came in as we anticipated with currency neutral net sales down 5% against a particularly strong prior year comp that was up 23%. We saw steady order demand during the quarter and our backlog remains solid, up $23 million since the beginning of the year. We continue to benefit from effective execution of our global diversification strategy and remain focused on key segments, including education, healthcare, and corporate office. Education sales were particularly robust in the second quarter, up 7% year-over-year, as facilities teams and administrators invested in refurbishment and maintenance projects during their summer break."

The company recently hired its first Chief Supply Chain Officer, a new global leader responsible for expanding our gross margins through efficiency and productivity initiatives across our global manufacturing and supply chain footprint.