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Interface Inc, a worldwide floorcoverings company, announced results for the second quarter ended June 29, 2008. Sales for the second quarter of 2008 increased 11.3% to $295.0 million from sales of $265.0 million in the year ago period. Gross profit margin for the 2008 second quarter grew 90 basis points to 35.7%, versus 34.8% in the second quarter of the previous year. Operating income for the second quarter of 2008 increased 8.2% to $33.4 million, or 11.3% of sales, compared with operating income of $30.9 million, or 11.7% of sales, in the second quarter of 2007. Income from continuing operations for the 2008 second quarter was $15.9 million, an increase of 19.2% compared with income from continuing operations of $13.3 million in the second quarter of 2007. Net income for the 2008 second quarter was $15.9 million, or $0.26... [read full story]
