Welcome to our dedicated page for Interface news (Ticker: TILE), a resource for investors and traders seeking the latest updates and insights on Interface stock.
Interface Inc (TILE) is a leading electrical and electronic manufacturing company headquartered in Bay Shore, New York. Specializing in the design, production, and sale of carpet tiles, Interface Inc has expanded its product portfolio to include Luxury Vinyl Tiles (LVT) and rubber flooring. The company's primary markets are corporate and noncorporate office spaces, encompassing sectors like government, education, healthcare, hospitality, and retail.
With its operations segmented geographically into the Americas, Europe, and Asia-Pacific, Interface Inc is strategically positioned to serve a diverse and global clientele. The company's two primary operating and reportable units are AMS (Americas) and EAAA (Europe, Asia, Australia, Africa), ensuring a broad market reach and robust supply chains.
Recently, Interface Inc has made significant strides in both its product innovation and sustainability initiatives, earning accolades for its environmentally friendly manufacturing processes and sustainable product lines. Financially, Interface Inc continues to display strong performance, driven by strategic partnerships and a growing customer base.
Stay updated with the latest news and developments from Interface Inc to understand how this dynamic company continues to shape the future of flooring solutions.
Interface, Inc. (Nasdaq: TILE) reported strong Q2 2024 results, with net sales up 5.2% to $346.6 million and gross profit margin increasing to 35.4%. The company's GAAP earnings per share reached $0.38, while adjusted EPS was $0.40. Currency neutral orders grew by 8% year-over-year. Interface's One Interface strategy drove growth and profitability expansion, particularly in the Americas where net sales increased 7% and orders were up 15%. The company gained market share in Corporate Office and saw strong growth in the Education segment. Based on these results, Interface has raised its full-year guidance, expecting net sales between $1.30 billion to $1.32 billion for fiscal year 2024.
Interface, Inc. (NASDAQ: TILE), a global flooring solutions company, has released its 2023 Impact Report, showcasing its commitment to sustainability and ethical operations. The report highlights the company's environmental, social, and governance (ESG) progress and achievements throughout 2023. Interface's dedication to sustainable practices and responsible business operations is evident in this comprehensive report, which likely includes details on their initiatives, targets, and accomplishments in areas such as carbon footprint reduction, social responsibility, and corporate governance.
Interface, a leading global flooring company, announced it will release its Q2 2024 results on August 2, 2024, before market opening. A conference call hosted by CEO Laurel M. Hurd and CFO Bruce A. Hausmann will follow at 8:00 a.m. Eastern Time, providing insights into the company's performance. The call, accessible via the company's investor website, will also be archived for one year after the event.
Interface (NASDAQ: TILE) has launched its latest global carpet tile and luxury vinyl tile (LVT) collections: Etched & Threaded and Earthen Forms. These new products emphasize innovative design and sustainability while providing high performance. Etched & Threaded offers seven styles in 12 neutral colorways, inspired by natural stone and textiles. Earthen Forms includes three styles in modular tile shapes, featuring natural woodgrain and travertine textures with Interface's Ceramor+ coating for enhanced durability and slip resistance. Both collections support the company's long-term sustainability goals, incorporating recycled content and low carbon footprints.
The collections can be explored in Interface showrooms and at major design events like NeoCon. Interface continues to prioritize creating flooring solutions that balance aesthetics, functionality, and environmental responsibility.
Interface (NASDAQ: TILE) has released its 2024 Design Trend Index, highlighting the latest commercial design trends and the increasing demand for customization in workspace environments. Kelly Simcox, Head of Global Design, emphasizes that good design transcends aesthetics, connecting people with their environment and adapting to evolving workspaces. The report underscores Interface's commitment to creating innovative, functional, and sustainable products that meet the changing needs of commercial interiors.
Interface, a global flooring solutions company, announced its Board of Directors declared a regular quarterly cash dividend of $0.01 per share. This dividend will be payable on June 14, 2024, to shareholders of record as of May 31, 2024.
FLOR has launched its Summer Collection of area rugs, featuring bold patterns and soothing neutrals inspired by seasonal trends. The new styles include 'Into The Wild,' 'Penny For Your Thoughts,' and 'Out Of Line,' each offering unique prints, curved edges, and calming hues. Kelly Simcox, Head of Global Design at Interface, highlighted the collection's versatility, catering to various design preferences. FLOR's rugs are made from individual carpet tiles, allowing customization through mix-and-match options. Customers can choose from carpet tiles, signature rugs, or custom designs via FLOR's online Design Studio.
Interface, Inc. (Nasdaq: TILE) reported first quarter 2024 results with net sales of $289.7 million, down 2% year-over-year, but gross profit margin increased to 38.1%. GAAP earnings per share were $0.24. The company is increasing full fiscal year 2024 net sales guidance and remains optimistic about its One Interface strategy and new brand attitude, Made for More™. Interface is aiming for long-term success and shareholder value.
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