Dal-Tile International recently announced record sales and profits for the second quarter of 2001.
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.