Interface Reports Second Quarter 2019 Results
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Interface (TILE) Tops Q2 EPS by 2c
July 25, 2019 4:03 PM EDTInterface (NASDAQ: TILE) reported Q2 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $357.51 million versus the consensus estimate of $358.33 million.
Q2 net sales up 26%; Q2 organic sales up 2%Q2 GAAP EPS of $0.50, up 43% year-over-year; Q2 adjusted EPS of $0.51, up 21% year-over-yearStrong balance sheet. Total debt of $672 million; net debt of $588 million2019 fiscal year outlook targeting net sales growth of 14 - 15%, including currency headwinds of 200 basis points"We delivered solid results in the second quarter, with organic sales growth of 2%,... More
