Interface, Inc.
26.57-0.94 (-3.42%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · TILE · USD
Key Stats
Market Cap
1.55BP/E (TTM)
16.40Basic EPS (TTM)
1.62Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Interface delivered solid Q2 FY2025 results, with net sales climbing 8.3% year-over-year to $375.5 million, fueled by stronger demand in education, healthcare, and corporate office segments, while gross margin expanded to 39.4% from 35.4% thanks to production efficiencies and favorable fixed cost absorption. Operating income rose 36.4% to $52.0 million, and diluted EPS improved to $0.55 from $0.38, reconciling cleanly with 59.1 million weighted shares; year-to-date, sales grew 5.7% to $672.9 million and EPS to $0.77. Cash swelled to $121.7 million, free cash flow hit $27.0 million (derived), and debt held steady at $306.9 million with $298.2 million revolver availability and no covenant issues. AMS drove the momentum with 11.4% sales growth, yet EAAA lagged with a 44.2% AOI drop from higher input costs. Strong backlog signals demand. Supply chain disruptions remain a key risk.
8-K
Interface boosts Q2 sales, guidance
Interface Inc. reported Q2 2025 net sales of $376 million, up 8% year-over-year and 7% currency neutral, with adjusted EPS surging 50% to $0.60 amid strong Americas growth of 11%. The One Interface strategy fueled market share gains in healthcare and education, expanding adjusted gross margins by 402 basis points through pricing and volume efficiencies, yet EAAA operations dipped. It raised full-year guidance to $1.37-$1.39 billion in sales. Net leverage sits at a lean 0.9x.
8-K
Exec departure announced
Interface Inc. announced on June 12, 2025, the elimination of its Chief Innovation & Sustainability Officer role, with Nigel Stansfield departing effective September 1, 2025. He will receive severance benefits under his 2022 agreements for a termination without cause. This restructuring signals a shift in priorities. Yet, innovation remains key.
8-K
Interface annual meeting results
Interface Inc. held its annual shareholder meeting on May 15, 2025, electing all nine director nominees—John P. Burke, Dwight Gibson, Daniel T. Hendrix, Laurel M. Hurd, Christopher G. Kennedy, Joseph Keough, Catherine M. Kilbane, K. David Kohler, and Catherine Marcus—with strong support, as withheld votes stayed below 6% for each. Shareholders approved the executive compensation plan by a wide margin, with 46.6 million for versus 4.1 million against. The ratification of Ernst & Young LLP as auditors passed overwhelmingly, garnering 53.2 million yes votes. All directors secured their seats.
10-Q
Q1 FY2025 results
Interface kicked off fiscal 2025 with net sales climbing 2.6% year-over-year to $297.4 million for the quarter ended March 30, 2025, fueled by higher volumes in education, healthcare, and retail, though currency headwinds shaved off 1.5%. Gross margin dipped to 37.3% from 38.1%, squeezed by elevated manufacturing and freight costs in EAAA, yet operating income held steady at $23.2 million, down just 5.0%, with interest expense halving to $4.4 million on lighter debt loads. Diluted EPS landed at $0.22, aligning neatly with net income of $13.0 million across 59.2 million shares. Cash from operations edged down to $11.7 million, funding $7.5 million in capex for automation, while free cash flow (derived) came in at $4.3 million; quarter-end cash stood at $97.8 million, backed by $299.5 million revolver availability and $305.5 million total debt including $300.0 million 5.50% senior notes due 2028. AMS sales surged 5.9% to $179.9 million, but EAAA slipped 2.0% to $117.5 million on forex woes. Tariffs loom as a wildcard, potentially hiking costs for imported LVT and rubber flooring.
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