Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services. In addition, the company sells and licenses a proprietary antimicrobial chemical compound under the Intersept name for use in interior finishes; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for global accounts and other customers through its InterfaceSERVICES business. It sells its products directly to end-users, as well as indirectly through independent contractors or distributors, and FLOR line of products through Internet sales and commercial sales force. The company has product showrooms or design studios in the United States, Canada, Mexico, England, France, Germany, Spain, the Netherlands, India, Australia, Norway, the United Arab Emirates, Russia, Singapore, Hong Kong, Thailand, China, and others. Interface, Inc. was incorporated in 1973 and is headquartered in Atlanta, Georgia.
IPO Year:
Exchange: NASDAQ
Website: interface.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/15/2024 | $20.00 | Outperform | Barrington Research |
| 3/1/2023 | $18.00 | Neutral → Buy | Longbow |
| 2/22/2023 | $13.00 → $9.00 | Buy → Hold | Truist |
| 3/2/2022 | $19.00 → $17.00 | Outperform | Raymond James |
| 11/8/2021 | $19.00 | Market Perform → Outperform | Raymond James |
Strong strategy execution drives significant profitability expansion and double-digit order growth Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the third quarter ended September 29, 2024. Third quarter highlights: Net sales were $344.3 million, up 10.7% year-over-year. Gross profit margin increased to 37.1%, up 162 basis points year-over-year. GAAP earnings per share of $0.48; Adjusted earnings per share of $0.48. Currency-neutral orders up 10% year-over-year. "We delivered another quarter of strong performance, as our One Interface strategy continues to yield tangible results, including d
Global Flooring Manufacturer Recognized as Net Zero Leader for Carbon Reduction Strategy Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, announced it received a top honor at the Reuters 2024 Sustainability Awards. The manufacturer received the highest distinction in the Net Zero: Leadership category for its decision to go ‘all in' on becoming carbon negative without offsets. As part of its strategy, Interface is focused on direct carbon reduction and carbon storage – not offsets – to meet the urgency of the climate crisis. The company is exploring and investing in innovation and R&D projects to avoid, reduce, and store more carbon across
Addition helps keep sustainability top-of-mind, clearly communicates flooring's carbon impact Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, today announced that it is making it easier for customers to understand the carbon impact of their product selections by including project-specific embodied carbon metrics on all floor plans created by the Interface Design Studio (IDS). The company is using a unique combination of technology and data to calculate the carbon footprint of a project's flooring. As a result, Interface is the first flooring manufacturer to deliver embodied carbon metrics as standard on its floor plans, helping customers u
Interface, Inc. (NASDAQ:TILE) announced today that it intends to release its third quarter 2024 results on Friday, November 1, 2024, prior to the open of the market. Interface will host a conference call the morning of Friday, November 1, 2024, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Laurel M. Hurd, Chief Executive Officer, and Bruce A. Hausmann, Chief Financial Officer, will host the call. Certain information discussed on the conference call will be available on Interface's website, at https://investors.interface.com. Call details: Friday, November 1, 2024 8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m.
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, today launched two new carpet tile styles, Knitstitch™ and Breakout™. These introductions feature timeless and dynamic patterns, including a classic woven aesthetic and a geometric grid pattern. Made for large-scale commercial spaces, both add to Interface's growing portfolio of flooring available at a smart price point, achieved through innovations in design and manufacturing. "Our carpet tile products are a perfect solution for adding dimension to productive spaces, encouraging designers to add depth and movement across the floorscape," says Kelly Simcox, Head of Global Design at Interface
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, announced its inclusion as one of the top-ranked sustainability leaders in the Sustainability Leaders 2024 Survey by GlobeScan and the ERM Sustainability Institute. Ranked fifth in this year's report, Interface sits among an impressive list of companies helping to solve the climate crisis, including Patagonia, Unilever, Natura &Co, and IKEA. The flooring manufacturer is the only company to maintain a spot in the ranking in every report since 1997. GlobeScan and the ERM Sustainability Institute surveyed 484 sustainability experts in 65 countries in all regions across the world about which spe
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, payable September 13, 2024 to shareholders of record as of August 30, 2024. About Interface Interface, Inc. (NASDAQ:TILE) is a global flooring solutions company and sustainability leader, offering an integrated portfolio of carpet tile and resilient flooring products that includes Interface® carpet tile and LVT, nora® rubber flooring, and FLOR® premium area rugs for commercial and residential spaces. Made with purpose and without compromise, Interface flooring brings more sophisti
One Interface strategy drives growth and profitability expansion; Company raises full year guidance Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the second quarter ended June 30, 2024. Second quarter highlights: Net sales were $346.6 million, up 5.2% year-over-year, and 5.8% on a currency neutral basis. Gross profit margin increased to 35.4%, up 145 basis points year-over-year. GAAP earnings per share of $0.38; Adjusted earnings per share of $0.40. Currency neutral orders up 8% year-over-year. "Our growth and profitability expansion in the second quarter demonstrates the successful
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, today released its 2023 Impact Report, illustrating its commitment to operating in a more ethical and sustainable manner. The report outlines the company's environmental, social, and governance (ESG) progress and achievements in 2023 and shares forward-looking goals to continue activating its strategy globally. "In 2023, we celebrated our 50th anniversary, a milestone which provided a moment of reflection and was a powerful catalyst for further defining our path forward," said Laurel Hurd, CEO of Interface. "Our latest Impact Report showcases our relentless commitment to reducing environment
Interface, Inc. (NASDAQ:TILE) announced today that it intends to release its second quarter 2024 results on Friday, August 2, 2024, prior to the open of the market. Interface will host a conference call the morning of Friday, August 2, 2024, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Laurel M. Hurd, Chief Executive Officer, and Bruce A. Hausmann, Chief Financial Officer, will host the call. Certain information discussed on the conference call will be available on Interface's website, at https://investors.interface.com. Call details: Friday, August 2, 2024 8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m.
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Sustainability Leader Updates Carbon Plan to Meet Ambitious Climate Goals Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, today announced it is focusing on direct carbon reduction and carbon storage to meet the urgency of the climate crisis. The company is aligning its strategy to meet its climate commitments, which do not allow for carbon offsets. The planet is at an inflection point and absolute emission reductions are critical to solving the climate crisis. Beginning in 2025, Interface will repurpose former offset investments to accelerate innovation projects that will result in direct carbon reductions and carbon storage both intern
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, announces that its circular approach to the production of carpet tile products is recognized as one of three "Circularity Lighthouses in the Built Environment" by the World Economic Forum (WEF) and McKinsey & Company. Announced at the WEF's annual meeting in Davos, the new designation recognizes pioneering circular solutions showcasing innovation, impact, and value. The distinction recognizes Interface for its circular supply chain and manufacturing of carpet tile products produced at scale for the commercial flooring industry. The company's carpet tiles feature circular raw materials, like
ATLANTA, March 7, 2022 /PRNewswire/ -- Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced it has appointed Laurel M. Hurd as President and Chief Executive Officer, effective April 18, 2022. She will lead Interface on its next phase of growth, while also delivering on its mission to become a carbon negative enterprise by 2040. Hurd will succeed Daniel T. Hendrix, who has served a second stint in the CEO role since January 2020. Hendrix will continue his 39-year tenure with the company remaining as Chairman of the Board of Directors.
Barrington Research initiated coverage of Interface with a rating of Outperform and set a new price target of $20.00
Longbow upgraded Interface from Neutral to Buy and set a new price target of $18.00
Truist downgraded Interface from Buy to Hold and set a new price target of $9.00 from $13.00 previously
Raymond James reiterated coverage of Interface with a rating of Outperform and set a new price target of $17.00 from $19.00 previously
Raymond James upgraded Interface from Market Perform to Outperform and set a new price target of $19.00
Strong strategy execution drives significant profitability expansion and double-digit order growth Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the third quarter ended September 29, 2024. Third quarter highlights: Net sales were $344.3 million, up 10.7% year-over-year. Gross profit margin increased to 37.1%, up 162 basis points year-over-year. GAAP earnings per share of $0.48; Adjusted earnings per share of $0.48. Currency-neutral orders up 10% year-over-year. "We delivered another quarter of strong performance, as our One Interface strategy continues to yield tangible results, including d
Interface, Inc. (NASDAQ:TILE) announced today that it intends to release its third quarter 2024 results on Friday, November 1, 2024, prior to the open of the market. Interface will host a conference call the morning of Friday, November 1, 2024, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Laurel M. Hurd, Chief Executive Officer, and Bruce A. Hausmann, Chief Financial Officer, will host the call. Certain information discussed on the conference call will be available on Interface's website, at https://investors.interface.com. Call details: Friday, November 1, 2024 8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m.
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company and leader in sustainability, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, payable September 13, 2024 to shareholders of record as of August 30, 2024. About Interface Interface, Inc. (NASDAQ:TILE) is a global flooring solutions company and sustainability leader, offering an integrated portfolio of carpet tile and resilient flooring products that includes Interface® carpet tile and LVT, nora® rubber flooring, and FLOR® premium area rugs for commercial and residential spaces. Made with purpose and without compromise, Interface flooring brings more sophisti
One Interface strategy drives growth and profitability expansion; Company raises full year guidance Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the second quarter ended June 30, 2024. Second quarter highlights: Net sales were $346.6 million, up 5.2% year-over-year, and 5.8% on a currency neutral basis. Gross profit margin increased to 35.4%, up 145 basis points year-over-year. GAAP earnings per share of $0.38; Adjusted earnings per share of $0.40. Currency neutral orders up 8% year-over-year. "Our growth and profitability expansion in the second quarter demonstrates the successful
Interface, Inc. (NASDAQ:TILE) announced today that it intends to release its second quarter 2024 results on Friday, August 2, 2024, prior to the open of the market. Interface will host a conference call the morning of Friday, August 2, 2024, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Laurel M. Hurd, Chief Executive Officer, and Bruce A. Hausmann, Chief Financial Officer, will host the call. Certain information discussed on the conference call will be available on Interface's website, at https://investors.interface.com. Call details: Friday, August 2, 2024 8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m.
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, payable June 14, 2024 to shareholders of record as of May 31, 2024. About Interface Interface, Inc., (NASDAQ:TILE) is a global flooring solutions company and sustainability leader, offering an integrated portfolio of carpet tile and resilient flooring products that includes Interface® carpet tile and LVT, nora® rubber flooring, and FLOR® premium area rugs for commercial and residential spaces. Made with purpose and without compromise, Interface flooring brings more sophisticated design, more performance, more
One Interface strategy yielding strong results; Company increasing full fiscal year 2024 net sales guidance Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the first quarter ended March 31, 2024. First quarter highlights: Net sales totaled $289.7 million, down 2% year-over-year. Gross profit margin increased to 38.1%, up 569 basis points year-over-year. GAAP earnings per share of $0.24; Adjusted earnings per share of $0.24. Currency neutral orders up 5.1% year-over-year. "We delivered a strong start to the year. First quarter net sales came in at the high end of our guidance with notab
Interface, Inc. (NASDAQ:TILE) announced today that it intends to release its first quarter 2024 results on Friday, May 3, 2024, prior to the open of the market. Interface will host a conference call the morning of Friday, May 3, 2024, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Laurel M. Hurd, Chief Executive Officer, and Bruce A. Hausmann, Chief Financial Officer, will host the call. Certain information discussed on the conference call will be available on Interface's website, at https://investors.interface.com. Call details: Friday, May 3, 2024 8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific T
Interface, Inc. (NASDAQ:TILE), the global flooring solutions company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, payable April 12, 2024 to shareholders of record as of March 29, 2024. About Interface Interface, Inc., (NASDAQ:TILE) is a global flooring solutions enterprise with an integrated portfolio of carpet tile and resilient flooring products. A leader in sustainability, Interface is working toward achieving its verified Science Based Targets by 2030 and its goal to become a carbon negative enterprise by 2040. With our design approach to flooring systems, we help our customers create high-performance interior spaces
Interface, Inc. (NASDAQ:TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter and full fiscal year ended December 31, 2023. Fourth quarter highlights: Net sales totaled $325.1 million, down 3.1% year-over-year. Gross profit margin increased to 37.9%, up 646 basis points year-over-year. GAAP earnings per share of $0.33; Adjusted earnings per share of $0.41. Generated $27.8 million of cash from operations, repaid $29.6 million of debt in the quarter. Fiscal Year: Net sales totaled $1,261.5 million, down 2.8% year-over-year. Gross profit margin increased to 35.0%, up 124 basis points year-over-y
Barrington Research analyst Alexander Paris maintains Interface (NASDAQ:TILE) with a Outperform and maintains $22 price target.
Barrington Research analyst Alexander Paris maintains Interface (NASDAQ:TILE) with a Outperform and raises the price target from $20 to $22.
Gainers XPO (NYSE:XPO) stock moved upwards by 9.2% to $119.0 during Friday's pre-market session. The market value of their outstanding shares is at $13.8 billion. The company's, Q1 earnings came out today. 1847 Holdings (AMEX:EFSH) shares rose 8.8% to $2.72. The market value of their outstanding shares is at $14.3 million. Astra Space (NASDAQ:ASTR) stock moved upwards by 7.75% to $0.7. The company's market cap stands at $15.8 million. Interface (NASDAQ:TILE) shares moved upwards by 6.24% to $16.85. The market value of their outstanding shares is at $983.4 million. As per the news, the Q1 earnings report came out today. Volato Group (AMEX:SOAR) shares moved upwards by 6.14% to $1.9. The
Interface (NASDAQ:TILE) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.12 by 100 percent. The company reported quarterly sales of $289.743 million which beat the analyst consensus estimate of $285.018 million by 1.66 percent. This is a 2.05 percent decrease over sales of $295.792 million the same period last year.
Barrington Research analyst Alexander Paris initiates coverage on Interface (NASDAQ:TILE) with a Outperform rating and announces Price Target of $20.
Truist Securities analyst Keith Hughes maintains Interface (NASDAQ:TILE) with a Hold and raises the price target from $10 to $14.