you, everyone. good morning Christine and Thank
with our I Before to want move into the One Interface. progress I you on quarter’s update results,
globally with the expanded this gross growth plan we business. consistent reminder, focus We sustainably process core business into a announced increasing far As and a our a business, more dive value after this in with strategy from more margins our higher deep leverageable on multiyear emerge to shareholders. and for a
delivering leadership innovation in will accelerate strong we global most innovations. design and by our prioritize and and that, in largest, selling markets, our systems leverage do products To investment profitable better our
our foundation. be economic most across We continue is to social aspects. environmental, in and design, to sustainable committed mission world our company This be the will to the
path on operations reduce our from strategy First, global the them. will and to to is focused business working On One required complexity portfolio to regional to model that transitioning our management the our objectives: Interface collections main product are three more drive simplify support of get global there, we by
already we We looking and at begun work. near In the have this other in are automation quick with term, investments areas paybacks.
the supply chain global footprint medium and cost our identify Over to synergies we are term, optimizing analyzing savings. and and
Chief lead we As Global Supply we efforts. to these recruiting told you, Officer are a Chain
continuously improve pricing Second, working we to our are mix and management.
continue in business, in the most the carpet flooring Rubber, floor In our categories core business. floor the used and resilient one all office which best LVT, accretive category, are enhancing commonly gain growing, fastest share. our to the profitable tile education. fastest-growing efforts today, rug remains market care, to the the LVT corporate on We we and categories have in Nora and both in are of LVT
seeing are floor rugs complement commercial to are perfect brand FLOR Our our in floor and growth double-digit we of plates, channel. LVT the the
what and into life brand key our rubber care, a remains priority. remains Carpet continue durability, have these markets on design category. believe to end and core leading a We in flooring the we markets a and expanding success. our science focus education category tile critical tremendous a component the health and to historically has the will is world, bring been Nora technical of
leading to deliver staying the in innovation, and we and design customer of our this continue category, player product We’re premium ahead demand.
and points. as at gain will efficiently Open is which success we tile requirements. carbon-negative we the here. it history of continue building price To is point, this U.S. fastest-growing it terms collection, designed the our to once to compelling compelling the category to our efficiently in in run quarter. products collection has have did, volume An doesn’t further our Interface premium are our tailwinds as our this plan of Air margin the While on the collections we in designs across designed new expanded and with have date, carbon share and It example that in price latter meet carpet a neutral well sold,
world-class we Third, functions to support core our globalizing are selling our team. local
Our recently teams global the regional of uniting Global the corporate President across appointed versus local, Vice marketing teams globe. and team one is separate Marketing into
office drive same the teams R&D, eliminate the design redundancy with efficiency, and as deliver functions. doing innovation back to our are will well and as work. We our enable This best
will are we now that global take We’re moving time. build working this front in recognize leadership that place the team. new is out to as The transformation team quickly on they and their
we For our the quickly a the time design together to growth. opportunities our in design accelerate summit bringing regional several drive with biggest to are from global pipeline years, for global and transition identify designs global leaders in design first the the platforms to
collection first this years in of about on global our the and excited back half will will are impact year this business. the launching several We in have be our
create our Similarly, Interface performance. ultimately and collaborate days will to that early together our ambitions best the progress growth making a believe value global the the came to and bear. It’s bringing on our company. One improvements chain to in few support margin funnel of we’re supply examples globalize enhance our shareholder productivity We by to Interface leaders manufacturing strategy of the these our operations are
quarter. Now the X% in net delivered year-over-year, the in let’s by Australia, first weakness driven about for sales partially talk strength offset currency-neutral by EMEA up and Americas, results Interface the Asia.
persistent growth headwinds. short and on margins. The innovation improve costs a our our customers. dedication work to and in including productivity to We focusing currency team despite to are continue with well executed input their and operating challenging other environment, our impressed investing long-term customer-facing to all drive inflation and be hard while managing and cost activities I
education leaders. office corporate During and quarter, segment our growth were the market
product meet portfolio our a of using We also into to flooring diversified needs. product saw unique categories growth leaned as design across all mix customers their
in win in digits acoustic the double up growing superior our industry. most differentiated was take quarter, to by continues recycled the with driven this enhanced in offering marketplace category the and category. content Interface properties, share in and the durability LVT Our
gross working And inflation, this margins while be. inflation we quarter. successful in expensive capturing partially headwind been offset through still and balance materials in need we’re where we have raw not are them inventory quarter to remained Our sheet a the first price for our to on
lower but these and into to are will the future, some see deflation the P&L. before We in of benefits starting inflation a there be lag signs potentially flow
demand. plants elevated In addition, production were year were up the to last in our rates meet as catching post-COVID QX pent-up
right is our we has chain stand labor are good material supply back availability, and lead terms we of stabilized customer in to where The now levels. meeting news normalized times raw about and
to year-over-year down impacted cost last which absorption year’s catch-up were guide. fixed levels environment, QX and in QX adversely our production However, into is compared incorporated
orders, orders prior which the compared X.X% geography consolidated year, currency-neutral included a down exited. Looking we to were have since at Russia,
in was Russia, slow Excluding Currency reflecting EMEA that recovery. were consolidated Asia, soft orders the were with was respectively, of demand and down X% exception continued steady the broad-based X.X%. up XX%, Americas and post-COVID and XX% was and orders up up on X%, which fairly neutral Australia excluding Russia,
steady see to We order flow. continue
as a However, we up in and have we year-over-year comps are QX tightening mindful sales challenging QX XX% net were the macroenvironment, of XXXX.
new and trade launch increased and tile exciting across at we’re sharing NeoCon, LVT Europe, these and NeoCon, events forward launches We to we will look experienced product we several big and and looking carpet with our forward at traffic customers to new offerings, partners.
the we carpet launched across a help portfolio and residential work, tile, exciting feel launched our cosier Space a In Third places in QX. collaborate our new design design alternative plush collection and We Space combines office for collection where reenergize. color to customers pallet. This trend, products several classic new Third have people with our
our recycled embodied Ethos, biophilic expanded also successful We Air carbon. and Open low launched collection yarn more content very design, featuring Connected and
new the heavy LVT, absorbs and side, Grain On traffic, segments. target convia, noraplan messes at foot ideal hides we across it design our launched It an a point. price we also our withstands sound, which unveiled features attainable streamlined and resilience making Northern
half. over course the earlier, global pipeline the I including, as the second in of launch more collection much the year, have a for planned We said
position from and us long-term apart set best-in-class Our strong differentiated financial set product to offering, for growth. sustainability in industry us the continue well up others and story
with Bruce. I’ll to it turn And over that,
