TILE
Interface, Inc.28.41
-0.02-0.07%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.66BP/E (TTM)
14.80Basic EPS (TTM)
1.92Dividend Yield
0%Recent Filings
8-K
Interface refinances notes with term loan
Interface refinanced its $300M 5.50% notes due 2028 with a $170M term loan drawn at closing, extending maturities to 2030 while trimming the revolver from $300M to $250M. Rates now flex 1.125-2.00% over SOFR based on net leverage, with estimated all-in cost of 5.24% at close. Secured debt now ~$205M; covenants cap leverage at 3.0x and interest coverage at 2.25x.
8-K
Conditional Notes redemption notice
Interface issued a conditional redemption notice on November 18, 2025, for its entire $300,000,000 of 5.50% Senior Notes due 2028, targeting a December 3 close at 100% of principal plus accrued interest. Redemption hinges on securing sufficient net proceeds from a planned term loan facility—commitments in hand, yet no guarantees. Financing may flop.
8-K
Q3 sales beat, guidance up
Interface crushed Q3 2025 expectations with net sales of $364.5 million, up 5.9% year-over-year and 4.2% currency neutral. GAAP EPS soared 62.5% to $0.78 on gross margin expansion to 39.4%, fueled by Americas share gains and EAAA momentum via One Interface strategy. It raised full-year sales guidance to $1.375-$1.390 billion. Net leverage sits at a comfy 0.6x.
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.
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