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Interface Inc - TILE STOCK NEWS

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.

News

Interface Reports Third Quarter 2023 Results

Rhea-AI Summary
Interface, Inc. (Nasdaq: TILE) reported its third-quarter results, with net sales totaling $311.0 million, down 5.1% YoY. Gross profit margin increased to 35.5%, up 226 basis points YoY. GAAP earnings per share were $0.17, while adjusted earnings per share were $0.28. The company generated $66.3 million of cash from operations and repaid $30.6 million of debt in the quarter.
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1.7%
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Interface Introduces Past Forward, A Global Carpet Tile Collection Inspired by 50 Years of Iconic Design

Rhea-AI Summary
Interface, Inc. unveils its newest carpet tile collection, Past Forward, celebrating 50 years of modular carpet tile innovation.
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0.42%
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Interface, Inc. to Host Third Quarter 2023 Results Conference Call on November 3, 2023

Rhea-AI Summary
Interface, Inc. (Nasdaq: TILE) will release its Q3 2023 results on November 3, 2023. A conference call will be hosted by CEO Laurel M. Hurd and CFO Bruce A. Hausmann at 8:00 a.m. ET. Details available on the company's website.
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-4.36%
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Interface Named to the 2023 TIME100 Most Influential Companies List

Rhea-AI Summary
Interface, Inc. recognized as Pioneer for Innovation and Sustainability Leadership in TIME100 list.
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0.3%
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Interface Introduces New Flooring Collections and Expands Carbon Negative Product Offerings

Rhea-AI Summary
Interface, Inc. launches new flooring collections with carbon negative backing, showcasing commitment to sustainability.
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2.56%
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Celebrating 20 Years of Smart, Beautiful and Responsible Design with the Heritage Collection by FLOR

Rhea-AI Summary
FLOR announces the launch of Heritage Collection to celebrate their 20th anniversary. The collection includes three revived and modernized archival products. All area rugs are carbon neutral and utilize the brand's CQuest™GB backing, which is net carbon negative.
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Interface Publishes 2022 Impact Report on Environmental, Social, and Governance Initiatives

Rhea-AI Summary
Interface, Inc. releases 2022 Impact Report showcasing progress in sustainability and social responsibility.
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0.78%
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Interface Declares Regular Quarterly Dividend

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-2.17%
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News

New Area Rug Collection from FLOR Adds Depth and Dimension to Fall Season Trends

Rhea-AI Summary
FLOR, a premium area rug brand, launches its Fall Collection featuring new carpet tile styles and colorway expansions. The products bring sophistication through rich, textural accents and a bold use of scale. The Fall Collection includes Clevelander, Between The Lines, Sidecar, Hit The Road, Step By Step, and Zera. All area rugs from FLOR are carbon neutral, and the brand offers styles made with the CQuest™GB backing, which is net carbon negative.
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Interface Reports Second Quarter 2023 Results

Rhea-AI Summary
Interface, Inc. reported second quarter results with net sales of $329.6 million, down 4.9% year-over-year. GAAP earnings per share were $0.27, while adjusted earnings per share were $0.25. The company generated $18.3 million cash from operations and repaid $25.9 million of debt in the quarter.
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-0.81%
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FAQ

What is the current stock price of Interface (TILE)?

The current stock price of Interface (TILE) is $24.99 as of November 15, 2024.

What is the market cap of Interface (TILE)?

The market cap of Interface (TILE) is approximately 1.5B.

What does Interface Inc specialize in?

Interface Inc specializes in the design, production, and sale of carpet tiles, Luxury Vinyl Tiles (LVT), and rubber flooring.

Which markets does Interface Inc cater to?

Interface Inc caters to corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retail sectors.

Where is Interface Inc located?

Interface Inc is located at 215 N Fehr Way, Bay Shore, New York, United States.

What are the geographical segments of Interface Inc?

The geographical segments of Interface Inc include the Americas, Europe, and Asia-Pacific.

What are the operating segments of Interface Inc?

Interface Inc has two operating and reportable segments: AMS (Americas) and EAAA (Europe, Asia, Australia, Africa).

What recent achievements has Interface Inc made?

Interface Inc has made significant strides in product innovation and sustainability initiatives, earning recognition for its environmentally friendly manufacturing processes.

What types of products does Interface Inc offer?

Interface Inc offers carpet tiles, Luxury Vinyl Tiles (LVT), and rubber flooring.

Which sectors benefit from Interface Inc's products?

Sectors such as government, education, healthcare, hospitality, and retail benefit from Interface Inc's products.

How does Interface Inc maintain its market position?

Interface Inc maintains its market position through strong financial performance, strategic partnerships, and a growing customer base.

Why should I stay updated with Interface Inc's news?

Staying updated with Interface Inc's news can provide insights into their latest developments, product innovations, and business strategies.

Stock TILE logo
Interface Inc

Nasdaq:TILE

TILE Rankings

#2223 Ranked by Market Cap
#2116 Ranked by Dividends

TILE Stock Data

1.47B
58.30M
2.22%
96.15%
1.77%
Building Products & Equipment
Carpets & Rugs
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United States of America
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