Dal-Tile Reports Record Sales And Profits
January 29, 2001
Dal-Tile International Inc. has announced record sales and profits for fiscal year 2000. Sales increased $101.6 million, or 11.9%, to $952.2 million compared to $850.6 million in 1999. On a pro forma, fully taxed basis, net income for the year increased $17.8 million, or 37.2%, over the prior year to $65.6 million, or $1.18 per share. For the quarter, sales increased $18.1 million, or 8.6%, to $229.2 million versus $211.1 million for the fourth quarter of 1999. On a pro forma, fully taxed basis, net income for the quarter increased $4.8 million, or 40.3%, versus the fourth quarter of 1999 to $16.7 million, or $0.30 per share. Full year sales growth was strong in both the commercial and residential segments. Sales through company- operated sales centers increased 16.6% versus last year, while American Olean sales were flat and Home Center sales were slightly below prior year levels.
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