Interface Reports Third Quarter 2019 Results

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Go back to Interface Reports Third Quarter 2019 Results

Interface (TILE) Tops Q3 EPS by 5c

October 25, 2019 5:44 AM EDT

Interface (NASDAQ: TILE) reported Q3 EPS of $0.47, $0.05 better than the analyst estimate of $0.42. Revenue for the quarter came in at $348 million versus the consensus estimate of $346.4 million.

Third Quarter Highlights:

Q3 net sales up 9%; Q3 organic sales up 2%Q3 GAAP EPS of $0.45, up 221%; Q3 adjusted EPS of $0.47, up 15%SG&A expenses managed through tight cost disciplinesDelivered value creation commitments at one-year anniversary of nora® acquisitionReduced debt in the quarter by $46 millionFull year 2019 outlook unchanged and on track

"Our transformation from a carpet tile... More