Interface Inc - TILE STOCK NEWS

Interface, Inc. (TILE) has announced a quarterly cash dividend of $0.01 per share, set to be paid on April 16, 2021. Shareholders on record by April 2, 2021 will be eligible for this payout. This announcement reflects the company's commitment to returning value to its investors amid its ongoing sustainability initiatives.

As a leader in modular flooring, Interface emphasizes its mission, Climate Take Back™, focusing on creating high-performance interior spaces while promoting environmental well-being.

Interface, Inc. (TILE) reported fourth quarter 2020 results with net sales at $277 million, an 18% decline year-over-year. GAAP earnings per share stood at $0.33, up from $0.28 in 2019. Despite these declines, the company retained strong liquidity of $398 million and reported $22 million in cash generated from operations. However, the company anticipates a sequential decline in net sales for Q1 2021 due to ongoing COVID-19 impacts and seasonal factors. Management remains optimistic about recovery signs in certain markets.

Interface, Inc. (Nasdaq: TILE) plans to release its fourth quarter and fiscal year 2020 results on March 2, 2021, before market opening. A conference call will follow at 8:00 a.m. ET, hosted by CEO Daniel T. Hendrix and CFO Bruce A. Hausmann. The call will be broadcast live online, with access available on Interface's website. The company specializes in carbon neutral flooring solutions and is committed to sustainability through its mission, Climate Take Back.

Interface, Inc. (TILE) has announced a quarterly cash dividend of $0.01 per share, set for payment on December 18, 2020. Shareholders of record by December 4, 2020 will receive this dividend. This declaration underlines the company’s commitment to providing returns to its investors as part of its ongoing operational strategy.

Interface, Inc. (Nasdaq: TILE) announced plans to offer $300 million in senior unsecured notes due 2028. Proceeds will be used to reduce revolving credit facility and term loans. The offering is limited to qualified institutional buyers and certain non-U.S. persons, adhering to Regulation S and Rule 144A under the Securities Act. The notes will not be registered, and the offering is subject to market conditions. The company specializes in carbon neutral flooring solutions.

Interface, a global flooring company, reported its Q3 2020 results, revealing significant challenges amid COVID-19. Net sales dropped 20% year-over-year to $279 million, while GAAP net income fell to $6 million from $26 million in Q3 2019. The company maintained strong liquidity with $378 million available, including $104 million in cash. They launched the world's first carbon negative carpet tile, showing commitment to sustainability. Despite operating income declining to $16 million, orders increased by 11% sequentially, indicating a potential stabilization in demand.

Interface, Inc. (Nasdaq: TILE) launched its Embodied Beauty™ carpet tile collection on October 20, 2020. This innovative collection features seven styles, all carbon neutral throughout their lifecycle, with three styles being the company’s first carbon negative products. Designed by Kari Pei, the collection is inspired by Japanese aesthetics and focuses on sustainability. It includes unique patterns and colorways that evoke natural beauty and aims to lower the carbon footprint of interior spaces. The collection is currently available in the Americas, with a global launch expected in 2021.

Interface, Inc. (Nasdaq: TILE) has launched the world's first carbon negative carpet tile, utilizing its CQuest™ backings line, which stores more carbon than any previous product. The company is progressing toward its goal of becoming carbon negative by 2040 through innovative manufacturing that enhances sustainability. The new product line, inspired by nature's carbon cycle, allows designers to create low-carbon environments without compromising on quality. The initial styles are available in the Americas, with global distribution expected in 2021.

Interface, Inc. (Nasdaq: TILE) will release its third quarter 2020 results on November 6, 2020, before the market opens. A conference call led by CEO Daniel T. Hendrix and CFO Bruce A. Hausmann will take place at 8:00 a.m. Eastern Time on the same day. The call will be available live online, with an archived version accessible for one year post-event. Interface specializes in carbon neutral flooring solutions, actively promoting sustainability through its mission, Climate Take Back™.