Interface Inc - TILE STOCK NEWS

Interface (Nasdaq: TILE) has received third-party validation from the Science Based Targets initiative (SBTi) for its 2030 greenhouse gas (GHG) reduction targets, affirming alignment with global climate goals. The company aims to cut its Scope 1 and 2 emissions by 50% from 2019 levels by 2030, with a commitment to reduce Scope 3 emissions from purchased goods and services by 50% and business travel and commuting emissions by 30%. Interface aspires to become a carbon negative company by 2040, emphasizing its longstanding sustainability integration in business operations.

Interface, a leader in commercial flooring and sustainability, will present at the Raymond James 2021 Diversified Industrials Conference on August 24, 2021, at 9:20 a.m. ET. CEO Dan Hendrix and CFO Bruce Hausmann will be the presenters. The conference will be accessible via webcast on the Company's Investor Relations website, with a replay available afterward. Interface focuses on carbon-neutral flooring solutions, promoting sustainable interior spaces under its mission, Climate Take Back.

Interface, Inc. (Nasdaq: TILE) has declared a quarterly cash dividend of $0.01 per share, payable on September 17, 2021, to shareholders on record as of September 3, 2021. This decision reflects the company’s commitment to returning value to its shareholders while maintaining its position as a leader in sustainability and innovative flooring solutions. Interface focuses on creating carbon neutral products, contributing positively to both business performance and environmental efforts.

Interface, Inc. (Nasdaq: TILE) reported Q2 2021 results showing a 14% increase in net sales to $295 million and a significant 38% rise in orders year-over-year. GAAP earnings per share reached $0.26, while adjusted EPS was $0.30. Strong cash liquidity stood at $401 million despite supply chain challenges. However, gross profit margins decreased by 50 basis points. For H1 2021, net income was $22 million, a notable recovery from a loss in H1 2020. The outlook for Q3 2021 estimates net sales of $310 to $320 million.

Interface, a global leader in commercial flooring and sustainability, announced that CEO Dan Hendrix and CFO Bruce Hausmann will present at the Jefferies Virtual Industrials Conference on August 3, 2021, at 9:30 a.m. ET. The presentation will be accessible via webcast on their Investor Relations webpage, with a replay available afterward. Interface focuses on carbon neutral flooring solutions, promoting well-being and sustainability through its Climate Take Back initiative. More details can be found on their official website.

Interface, Inc. (Nasdaq: TILE) plans to release its Q2 2021 results on August 6, 2021, before market opening. A conference call will take place at 8:00 a.m. ET the same day, featuring CEO Daniel T. Hendrix and CFO Bruce A. Hausmann. The call will be accessible live online. The company is focused on sustainability through its Climate Take Back™ initiative, aiming to create environmentally restorative operations. Stakeholders can find further details and the call recording on the company's investor website.

Interface, Inc. (Nasdaq: TILE) declared a quarterly cash dividend of $0.01 per share, payable on June 18, 2021, to shareholders on record as of June 4, 2021. The company, a leader in sustainable flooring solutions, specializes in carbon neutral carpet tiles and resilient flooring, including luxury vinyl tile and rubber flooring. Interface is committed to its mission, Climate Take Back, aimed at creating a restorative impact on the planet while enhancing indoor environments.

Interface, Inc. (Nasdaq: TILE) reported its Q1 2021 results, highlighting a GAAP EPS of $0.12 and adjusted EPS of $0.17. Net sales decreased 12% to $253 million from $288 million a year ago, impacted by COVID-19. Operating income improved to $17 million compared to a loss of $94 million in Q1 2020. Strong liquidity with $405 million in cash and credit facilities supports growth. Orders rose 11% sequentially, indicating market recovery. The company anticipates Q2 net sales around $290 million with an adjusted gross margin of 38.5% and a capital expenditure of $30 million for 2021.

Interface, Inc. (Nasdaq: TILE) has announced a restructuring of its financial reporting, effective from Q1 2021, into two segments: Americas (AMS) and Europe, Africa, Asia, and Australia (EAAA). This change aligns with the integration of their nora business and aims to enhance visibility into the company's performance. Comparable historical financial data will be provided with the Q1 2021 results on May 7, 2021. Importantly, this realignment does not affect previously reported consolidated results.