Interface, Inc. has announced results for the second quarter ended July 1, 2012: Sales and orders of $254.6 million and $279.5 million, respectively; operating income of $22.0 million; earnings per share of $0.16. The company also announced that its Board of Directors has declared a regular quarterly cash dividend of $0.025 per share, representing an increase in the regular quarterly dividend. It is payable Aug. 24 to shareholders of record as of Aug. 10.
Sales for the second quarter of 2012 were $254.6 million, compared with sales of $267.6 million in the second quarter of 2011, a decline of 4.9%. Approximately 3% of the sales decrease was related to fluctuations in currency exchange rates relative to the year ago period. Operating income for the second quarter of 2012 was $22.0 million, or 8.7% of sales, compared with last year’s second quarter operating income of $26.1 million, or 9.8% of sales. Net income in the second quarter of 2012 was $10.3 million, or $0.16 per share, compared with net income of $12.8 million, or $0.20 per share, in the second quarter of 2011.
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