Operating Highlights

• Segment sales were $1.89 billion, compared with $1.79 billion in 2013. Adjusted operating income increased 9 percent to $234 million.
• In the U.S., we introduced our first natural wood collection under the Quick-Step^® brand, creating a brand extension with improved styling, low maintenance and easy installation with our Uniclic^® technology.
• The U.S. integration of Pergo^® is resulting in further traction in the home center channel, with the introduction of new styles and features that create differentiated value.
• In Europe, we upgraded almost the entire Pergo product line with improved styling and enhanced performance features. We also launched a new Pergo line for the commercial laminate market.
• In Russia, we expanded our presence in the DIY distribution channel, while our in-market laminate plant has provided a cost advantage in a softer economy.
• We completed construction of a European LVT plant to support expansion of LVT flooring sales in both the U.S. and Europe.
• In our European board business, the synergies associated with the Spano acquisition are yielding operational and administrative efficiencies ahead of schedule.