Adds Industry-Leading Team of Consultants to B. Riley Advisory Services, Enhances Platform's Continuum of Professional Services B. Riley Financial acquires Interface Consulting, industry leading expert services and dispute resolution firm Chris Sullivan, President of Interface Consulting, added: "We are proud of the legacy we have built over nearly 40 years and are excited for a bright future as part of B. Riley. Our clients have come to rely on the multidisciplined field experience and expert insight of ou ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being u ...

EINDHOVEN, the Netherlands, June 18, 2024 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announces that the Company will be highlighted in a main stage keynote at HLTH Europe, a premier event for digital health leaders. The conference takes place June 17-20 in Amsterdam, the Netherlands. *All ONWARD® Medical devices and ...

TORONTO, June 05, 2024 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced the award of a contract valued at approximately $17 million CAD to supply cutting-edge cockpit interface assemblies for the display suite on COMAC's C919 aircraft. The period of performance for this contract extends from the second half of 2024 through to the third quarter of 2026. The contract to FTG comes from Shanghai Avionics Company Ltd (SAVIC). Production will take place at FTG's manufacturing faci ...

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 31, 2024 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See ...

Interface, Inc. (NASDAQ:TILE) Q1 2024 Earnings Conference Call May 3, 2024 8:00 AM ET Company Participants Christine Needles - Corporate Communications Laurel Hurd - President and CEO Bruce Hausmann - VP and CFO Conference Call Participants Kathryn Thompson - Thompson Research Group David MacGregor - Longbow Research Alex Paris - Barrington Research Operator Good day, and welcome to the First Quarter 2024 Interface, Inc. Earnings Conference Call. All lines have been placed on mute to prevent any background ...

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 2024 Results One Interface strategy yielding strong results; Company increasing full fiscal year 2024 net sales guidance ATLANTA – May 3, 2024 – Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in susta ...

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 31, 2023 ☐ 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. Employ ...

Financial Data and Key Metrics Changes - Fourth quarter net sales totaled $325.1 million, a decrease of 3.1% compared to Q4 2022, with FX-neutral net sales declining 4.5% year-over-year [26] - Full year 2023 net sales totaled $1.26 billion, a decrease of 2.8% versus fiscal year 2022, with FX-neutral net sales declining 2.9% year-over-year [38] - Fourth quarter adjusted gross profit margin was 38.3%, an increase of 507 basis points from the prior year's fourth quarter [36] - Fourth quarter adjusted EPS was $0.41 versus $0.31 in Q4 2022, and adjusted EBITDA was $52.2 million versus $41.3 million in Q4 2022 [38] Business Line Data and Key Metrics Changes - Carpet tile experienced low single-digit growth in global billings for the quarter, outperforming industry trends [6] - Global billings for LVT surpassed $165 million in 2023, up 10.5% compared to 2022, with double-digit growth in the Americas [20] - Healthcare business grew in the Americas and Australia, offset by softness in Asia and project timing in Europe [12] - Education market saw global billings up 5% for the year, driven by strength in the Americas [13] Market Data and Key Metrics Changes - FX-neutral net sales in the Americas were down 4% year-over-year, while EAAA was down 5.2% due to a softer macroeconomic environment [26] - Fourth quarter orders were flat year-over-year, with currency-neutral orders in the Americas up 3.1% and EAAA down 4.1% [22] Company Strategy and Development Direction - The company is focused on its diversification strategy, particularly in high-growth segments like education and healthcare, while gaining share in corporate office [43] - The One Interface strategy aims to integrate sales teams for better cross-selling opportunities, which has shown strong results in pilot markets [24][70] - The company plans to invest in operational improvements, including automation and robotic solutions, to drive gross profit margin expansion [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy, noting solid momentum entering 2024 despite ongoing macroeconomic uncertainties [9][41] - The retail sector remains a headwind, with expectations of continued challenges in the first half of 2024 due to project deferrals [14][49] - Management anticipates growth and gross profit margin expansion in 2024 while maintaining tight controls over SG&A expenses [41] Other Important Information - The company received an R&D credit and an energy subsidy from the German government, which contributed to improved gross profit margins in Q4 [27] - The company was recognized for its sustainability efforts, being named one of three Circularity Lighthouses in the built environment by the World Economic Forum and McKinsey & Company [25] Q&A Session Summary Question: Could you review volumes and pricing trends for Q4? - Pricing was up around 6% for carpet, while volumes were down around 2%, with total company pricing up around 4% for the quarter [46] Question: What is the outlook for free cash generation and debt repayment? - The capital allocation strategy remains focused on paying down debt while investing in the business, with a strong free cash flow generation noted [54] Question: What are the expectations for adjusted gross profit margin in 2024? - The company plans for about 70 basis points of year-over-year improvement in adjusted gross profit margin, driven by raw material deflation, pricing, and productivity [61] Question: How is the One Interface initiative expected to contribute to 2024 results? - The initiative is expected to enhance sales through integrated teams, with strong order generation already observed in pilot markets [70] Question: What is the outlook for the retail sector and its impact on revenue? - The retail sector is expected to remain challenged in the first half of the year, but management remains cautiously optimistic about recovery in the latter half [74]

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 Fourth Quarter and Full Year 2023 Results ATLANTA – February 27, 2024 – 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 De ...