ATLANTA -- Interface Inc. announced a decline in sales and operating income for the first quarter ended March 31, 2002. In addition, the company posted a net loss for the period.
Sales in the first quarter 2002 were $234.4 million, compared with $306.5 million in the first quarter 2001. Operating income was $10.5 million in the first quarter 2002, vs. $17.1 million in the first quarter 2001. Net loss for the first quarter 2002 was $100,000, or 0 cents per diluted share, compared with first quarter 2001 net income of $4.4 million, or $0.09 per diluted share.