Tarkett reported that sales of its three flooring divisions worldwide were slightly down 2.1% for the first half of 2024, which ended June 30, 2024.

Tarkett's North America segment generated second-quarter sales of $484 million [€446 million], down 2.6% compared to the first half of 2023. The commercial segment (Offices, Health, and Education) was slightly up compared to the first half of 2023, benefitting from improvement in carpet tile and luxury vinyl tile (LVT) volumes. The Residential segment was penalized by inflation and rising mortgage rates, which have led to a sharp reduction in new construction and renovation projects.

The segment’s adjusted earnings before interest, taxes, and amortization (EBITA) increased 10.8% for the second quarter to [€48 million], compared to €38 million in the first half of 2023. It benefitted from the positive inflation balance, the measures to turn around certain business, and the good performance of the production sites, the company reported. 

On 2 July 2024, Tarkett Group signed a disposal agreement for its California distribution business Diamond W, which reports about $60 million in annual revenue. On July 3, 2024, the Group concluded the acquisition of one of its partners, Classic Turf & Tracks, a sports field construction company based in Woodbury, Connecticut, which reports annual revenues of around $25 million. The company said it would enable the Group to consolidate its positions in certain states in the Northeastern United States and strengthen its tennis court offering.