Interface (TILE) Tops Q3 EPS by 4c; Offers FY22 Revenue Guidance
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Interface Reports Third Quarter 2022 Results
November 4, 2022 5:30 AM EDTATLANTA--(BUSINESS WIRE)-- Interface, Inc. (Nasdaq: TILE), the global flooring solutions company where everything is certified carbon neutral, today announced results for the third quarter ended October 2, 2022.
Quarterly Highlights:
Net sales totaled $327.8 million, up 4.8% year-over-year. Currency neutral net sales were up 10.9% year-over-year. GAAP SG&A expenses at 24.7% of net sales, down from 24.9% in Q3 2021; adjusted SG&A expenses at 24.2% of net sales, down from 24.8% in Q3 2021. GAAP operating income up 13.2% year-over-year; adjusted operating income up 3.5% year-over-year. GAAP earnings per share of $0.24, up 26.3% year-over-year; adjusted... More