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INTERFACE REPORTS REDUCED FIRST QUARTER SALES AND EARNINGS

 LAGRANGE, Ga., April 27 /PRNewswire/ -- Interface, Inc. (NASDAQ: IFSIA) today reported net sales of $135 million for the quarter ended April 4, 1993, compared with $154 million for the same period of 1992. Earnings were $2.2 million ($.13 per share), down from $3.8 million ($.22 per share) for the same period of last year.
 Ray C. Anderson, chairman and chief executive officer, commented, "We continued to make real progress in reducing selling, general and administrative expenses; however, these positive developments were offset by a drop in the dollar value of sales. Slow sales in the U.S. and Europe were further aggravated by the dollar's strengthening against some key foreign currencies. On the other hand, the Asia-Pacific area, interior fabrics business, and chemical operations remained bright spots for the quarter. The difficult economic climate in many of our major markets continues to drive us to achieve greater efficiencies in all areas of our business, and we expect to capitalize on these improvements as the world's economic conditions brighten. Meanwhile, we remain alert to opportunities created by this business environment."
 Interface, Inc., is committed to delivering superior value to its customers, as the world's largest manufacturer of carpet tiles under the Interface and Heuga brands, and interior fabrics under the Guilford of Maine brand, for use in offices, healthcare facilities, airports, educational and other institutions, and retail facilities. The company also manufactures carpet tiles for residential use. In addition, the company engages in the manufacture and sale of chemicals used in various rubber and plastic products, and offers Intersept(R), the company's proprietary antimicrobial chemical, under a licensing program to manufacturers of other products.
 INTERFACE, INC.
 First Quarter
 Three months ended 4/4/93 4/5/92
 Net sales $135,041,000 $154,490,000
 Cost of sales 93,805,000 104,288,000
 Gross profit 41,236,000 50,202,000
 S, G & A 32,532,000 37,843,000
 Operating income 8,704,000 12,359,000
 Other expense (income) 5,310,000 6,213,000
 Pretax income 3,394,000 6,146,000
 Tax rate 35.1 pct 38.5 pct
 Net income $ 2,204,000 $ 3,779,000
 Earnings per share:
 Primary $0.13 $0.22
 Fully diluted (A) $0.13 $0.22
 Weighted average shares outstanding:
 Primary 17,265,000 17,232,000
 Fully diluted 23,410,000 23,377,000
 (A) -- Fully diluted earnings per share and primary earnings per share are the same as the effect is antidilutive.
 -0- 4/27/93
 /CONTACT: Dan Hendrix, chief financial officer of Interface, 706-882-1891; or J. Desmond Towey of Towey & Associates, 212-888-7600, for Interface/
 (IFSIA)


CO: Interface, Inc. ST: Georgia IN: TEX SU: ERN

GK-SM -- NY089 -- 1465 04/27/93 14:15 EDT
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Date:Apr 27, 1993
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