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3 Reasons Why Interface (TILE) Is a Great Growth Stock
ZACKS· 2025-05-07 17:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
Interface(TILE) - 2026 Q1 - Quarterly Report
2025-05-06 20:45
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 30, 2025 Commission File Number 001-33994 INTERFACE INC (Exact name of registrant as specified in its charter) | Georgia | | 58-1451243 | | --- | --- | --- | | (State or other jurisdiction of | | ...
Interface (TILE) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-02 12:05
分组1 - Interface reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and showing a slight increase from $0.24 per share a year ago, resulting in an earnings surprise of 25% [1] - The company achieved revenues of $297.41 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.82%, and an increase from $289.74 million year-over-year [2] - Interface has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has underperformed, losing approximately 22.6% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $350 million, and for the current fiscal year, it is $1.54 on revenues of $1.34 billion [7] - The Textile - Home Furnishing industry, to which Interface belongs, is currently ranked in the top 5% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]
Interface(TILE) - 2025 Q1 - Earnings Call Transcript
2025-05-02 12:00
Interface (TILE) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Speaker0 Thank you for standing by, and welcome to the Interface Inc. First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I'd now like to turn the call over to Christine Needles, Global Communications. You may begin. Speaker1 Good morning, and welcome to Interface's conference call regar ...
Interface(TILE) - 2025 Q1 - Earnings Call Presentation
2025-05-02 11:32
Investor Presentation | May 2025 Forward Looking Statements and Non-GAAP Measures This presentation contains forward-looking statements, including, in particular, statements about Interface's plans, strategies and prospects. These are based on the Company's current assumptions, expectations and projections about future events. At Interface, we're Made for More Who We Are Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no as ...
Interface(TILE) - 2026 Q1 - Quarterly Results
2025-05-02 10:46
FOR IMMEDIATE RELEASE Media Contact: Christine Needles Global Corporate Communications Christine.Needles@interface.com +1 404-491-4660 Investor Contact: Bruce Hausmann Chief Financial Officer Bruce.Hausmann@interface.com +1 770-437-6802 Interface Reports First Quarter 2025 Results Delivered strong quarter; One Interface strategy continues to drive results ATLANTA – May 2, 2025 – Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced resul ...
Interface: A Flooring Company At An Inflection Point
Seeking Alpha· 2025-04-02 04:23
Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Robert F. Abbott has been investing his family's accounts since 1995, and in 2010 added options, main ...
Qualcomm CEO: AI Is the New User Interface for Devices
PYMNTS.com· 2025-03-12 00:20
Core Insights - Qualcomm's CEO Cristiano Amon emphasizes that artificial intelligence (AI) represents a significant generational change in technology, fundamentally altering human interaction with devices [1][2] - Amon predicts that AI will enable seamless task execution across multiple applications, moving away from the current model of navigating between different apps [2][3] - The integration of AI will extend beyond smartphones to various devices, including automobiles and augmented reality (AR) glasses, creating new computing spaces [4][5][6] AI Interaction and User Experience - Amon highlights that AI's ability to understand human language will transform user interactions, allowing for more intuitive and context-aware assistance [2][3] - The concept of an AI agent will serve as a constant assistant, capable of organizing tasks and providing recommendations without requiring users to switch between apps [3][4] Emerging Technologies - AR glasses are described as "wearable AI," with the potential to provide real-time assistance based on the user's environment [5] - Amon identifies cars as a new computing space where AI can facilitate natural interactions through voice and visual cues [6] On-Device AI Processing - Amon discusses the advantages of "AI at the edge," which includes faster processing, enhanced privacy, and reduced costs compared to cloud-based solutions [7][8] - Qualcomm aims to enable on-device AI experiences through its chips, continuing its legacy of technological innovation [8][9]
Interface(TILE) - 2024 Q4 - Annual Report
2025-02-26 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 29, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 001-33994 INTERFACE INC (Exact name of registrant as specified in its charter) | Georgia | | 58-1451243 | | | --- | --- | --- | --- | | (State of incorporation) | | (I.R.S ...
Interface(TILE) - 2024 Q4 - Earnings Call Transcript
2025-02-25 21:50
Financial Data and Key Metrics Changes - In 2024, the company achieved a 4% increase in currency-neutral net sales and nearly doubled GAAP earnings per diluted share [7][17] - Fourth quarter net sales totaled $335 million, an increase of 3% compared to the same quarter in 2023 [31] - Full year 2024 net sales reached $1.32 billion, a 4.3% increase from 2023 [36] - Adjusted gross profit margin for 2024 was 37.1%, an increase of 173 basis points from the prior year [37] - Fourth quarter adjusted EPS was $0.34, down from $0.41 in the fourth quarter of 2023 [35] Business Line Data and Key Metrics Changes - Global billings in the Americas increased by 9% year-over-year, while EAAA saw a 2% decline [18] - Global Education billings were up 10% for the year, driven by strength in the Americas [19] - Health care segment saw a 2% decline in global billings for 2024, but a 12% increase in the fourth quarter [23] - Corporate office segment experienced a 1% decline in global billings for the year, which was favorable compared to the overall industry [24] - Retail billings were up in 2024 compared to a weak 2023, benefiting from previously deferred projects [25] Market Data and Key Metrics Changes - Currency-neutral orders in the Americas increased by 9% year-over-year in the fourth quarter [26] - EAAA's fourth quarter currency-neutral orders were down 1% year-over-year [27] - The backlog at the end of 2024 was up 15% year-over-year, indicating strong positioning for 2025 [27] Company Strategy and Development Direction - The company is focused on its One Interface strategy, which aims to enhance global functions, improve productivity, and expand margins [8][28] - Investments in automation and robotics at manufacturing plants are expected to drive operational efficiencies and improve margins [11][12] - The company aims to be carbon negative by 2040 without relying on carbon offsets, enhancing its sustainability strategy [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and its ability to outperform the industry in 2025 [28][29] - The company is closely monitoring global geopolitical and macroeconomic environments, particularly in Europe and Australia, which are currently softer [29] - Management anticipates a lighter Q1 in 2025, followed by stronger Q2 and Q3, with a focus on maintaining a disciplined capital allocation strategy [41] Other Important Information - The company generated $148.4 million in cash from operating activities in 2024, with strong liquidity of $398.5 million at year-end [39] - Capital expenditures for 2024 were $33.8 million, with a projection of $45 million for 2025 [40][62] Q&A Session Summary Question: Impact of One Interface selling strategy on 2025 - Management is optimistic about the continued benefits of the One Interface strategy, expecting it to contribute positively to 2025 results [48][51] Question: Outlook for the office segment in 2025 - Management noted a rise in return-to-office mandates and demand for premium Class A spaces, indicating a positive outlook for the office segment in 2025 [54][56] Question: Capital allocation priorities with reduced debt - The company plans to continue investing in manufacturing efficiency and growth, leveraging its strong balance sheet [57][58] Question: CapEx breakdown for 2025 - Of the projected $45 million in CapEx for 2025, approximately $10 million is for investment CapEx and $35 million for maintenance CapEx [93] Question: Exposure to government business - The company's government business is a small portion of total revenue, around 4%, and includes various government buildings [95] Question: Retail performance in 2024 - Retail was up in the second half of 2024, primarily due to previously deferred projects from 2023 [98] Question: Tariff exposure and sourcing of raw materials - The company has limited exposure to tariffs, sourcing carpet locally in the US and Europe, LVT from South Korea, and rubber products from Germany [100][108]