Commercial Flooring Market Overview
Adjusted Financial Results*
RECENT QUARTER
($ in millions, except EPS)
First Quarter
RECENT YEAR END
Fiscal Year End
2019
2018
Change
2018
2017
Change
Net Sales
$297.7
$240.6
24%
$1,179.6
$996.4
18%
Adjusted Gross Profit
117.3
93.6
25%
456.5
386.0
18%
% of Net Sales
39.4%
38.9%
38.7%
38.7%
Adjusted SG&A Expense*
**
99.0
70.6
40%
322.2
267.2
21%
% of Net Sales
33.3%
29.3%
27.3%
26.8%
Adjusted Operating Income
18.3
23.0
(20%)
134.3
118.9
13%
% of Net Sales
6.1%
9.6%
11.4%
11.9%
Adjusted Net Income
8.4
15.1
(44%)
89.0
73.1
22%
% of Net Sales
2.8%
6.3%
7.5%
7.3%
Adjusted EPS (Diluted)
$0.14
$0.25
(44%)
$1.49
$1.18
26%
Adjusted EBITDA
$31.4
$34.1
(8%)
$186.1
$152.4
22%
page 27
Interface®
* See Appendix for a reconciliation on Non-GAAP figures
** No adjustments for first quarter 2019View entire presentation