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 its fourth quarter and full year results for the fiscal year ending January 1, 2023. Fourth-quarter net sales were $335.6 million, down 1.2% year-over-year, while currency neutral sales increased by 3.6%. The company posted a GAAP loss per share of $0.42, attributed to a $36.2 million impairment charge. For the full year, net sales rose 8.1% to $1.3 billion, with a GAAP earnings per share of $0.33. Adjusted operating income for 2022 saw an 8% increase to $132.4 million. Looking ahead, Interface anticipates first-quarter net sales between $290 million and $305 million, despite macroeconomic challenges.
Interface, Inc. (NASDAQ: TILE) will release its fourth quarter and fiscal year 2022 results on February 28, 2023, before market open. A conference call hosted by CEO Laurel M. Hurd and CFO Bruce A. Hausmann will occur at 8:00 a.m. ET on the same day. Interested parties can access the call live online or through the company's investor relations website. Interface is recognized as a carbon-neutral enterprise and aims to become carbon negative by 2040.
FLOR has launched its new Winter Collection, featuring high-quality area rugs designed for comfort and elegance. The collection includes carpet tiles in vibrant hues and unique textures, inspired by natural elements. Noteworthy styles include Natural Fit™, Leaps and Bounds™, and Savoir Faire™, which are customizable and crafted for durability. All rugs are at least carbon neutral, with options featuring the innovative CQuest™GB backing, made from sustainable materials. This collection reflects FLOR's commitment to environmentally responsible design while catering to contemporary home aesthetics.
Interface, Inc. (NASDAQ: TILE) announced a quarterly cash dividend of $0.01 per share, payable on December 16, 2022, to shareholders of record on December 2, 2022. This payment reinforces the company's commitment to shareholder returns. Interface is recognized as a carbon-neutral enterprise and aims to become carbon negative by 2040. The company provides sustainable flooring solutions, including carpet tiles and resilient flooring products, with a focus on creating high-performance spaces.
Interface, Inc. (Nasdaq: TILE) reported its third-quarter results for 2022, achieving net sales of $327.8 million, a 4.8% increase from the previous year. Adjusted earnings per share rose to $0.30, a 3.4% year-over-year growth. However, orders declined by 9.7% compared to Q3 2021. The company noted challenges from high inflation and geopolitical factors impacting sales, especially in the EAAA segment. Interface maintains a strong balance sheet with $79.4 million in cash and anticipates full-year net sales between $1.285 billion and $1.305 billion.
Interface, Inc. (NASDAQ: TILE) will release its Q3 2022 financial results on November 4, 2022, before market opening. A conference call for stakeholders will take place at 8:00 a.m. Eastern Time on the same day, featuring CEO Laurel M. Hurd and CFO Bruce A. Hausmann. The call can be accessed live via the company’s website. Interface is recognized as a Carbon Neutral Enterprise and aims for carbon negativity by 2040, contributing positively to both consumers and the environment.
Interface, Inc. (NASDAQ: TILE) has achieved a significant milestone by becoming the first flooring company to be certified as a Carbon Neutral Enterprise across its global operations and product value chain. This certification, verified under the PAS 2060 standard by BSI, highlights Interface's commitment to sustainability and climate action. The company aims to further reduce its carbon emissions and plans to become a carbon negative enterprise by 2040. Interface's innovative practices include using carbon-storing materials in production and a rigorous approach to emissions management.
Interface, Inc. (Nasdaq: TILE) has declared a quarterly cash dividend of $0.01 per share, payable on September 16, 2022, to shareholders of record as of September 2, 2022. This announcement underscores the company's commitment to returning value to shareholders. Interface is recognized as a global leader in sustainable flooring solutions, including carbon neutral carpet tiles and resilient flooring options.
Interface, Inc. (TILE) announced strong Q2 2022 results with net sales of $347 million, up 17.6% year-over-year. Excluding currency impacts, sales rose 22.8%. GAAP operating income increased by 18.1%, leading to a GAAP earnings per share of $0.28, up 7.7%. SG&A expenses decreased to 23.5% of sales. However, gross profit margins fell due to rising freight and raw material costs. The company reported a robust order backlog, although currency fluctuations and geopolitical issues present ongoing risks. Q3 2022 guidance forecasts net sales of $325 million to $345 million.
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