Interface reports fourth quarter and full year 2021 results
Atlanta, march 1, 2022 /prnewswire/ -- interface, inc. (nasdaq: tile), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter and full fiscal year ended january 2, 2022. highlights: fourth quarter: net sales increased 23% versus the prior year period to $340 million gaap sg&a expenses reduced to 26% of net sales; adjusted sg&a expenses to 24% of net sales gaap earnings per share of $0.37; adjusted earnings per share of $0.47 orders increased 19% versus the prior year period fiscal year: net sales increased 9% year-over-year to $1.2 billion gaap sg&a expenses reduced to 27% of net sales; adjusted sg&a expenses to 26% of net sales gaap earnings per share of $0.94; adjusted earnings per share of $1.23 net repayment of $56 million of debt; leverage reduced to 2.5x net debt-to-adjusted ebitda fy 2021 orders increased 13% versus prior year; backlog remains strong "we had a strong finish to fiscal 2021 as demand for our unique carbon neutral and carbon negative products continues to grow.
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