Dal-Tile reports record second quarter results
DALLAS--Dal-Tile International Inc. recently announced record sales and profits for the second quarter of 2001. Sales increased $18.4 million, or 7.5%, to $263.4 million compared to $245.0 million in the second quarter of 2000.
Net sales increased 9.8% through company operated sales centers, 3.6% through home centers and declined 1.9% through distributors. Profit margin before tax increased 120 basis points to 12.4%. Free cash flow was $21.9 million versus $17.9 million in the prior year, and debt was $296.2 million, which was $90.4 million lower than in the second quarter of last year.
The company currently estimates that in the fiscal year ending December 28, 2001 sales growth will be between 6% and 8%. Earnings per share growth, on a fully taxed basis, will be between 8% and 10%, compared to the prior year.