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Interface (TILE)
NASDAQ:TILE
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -14.31%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
Interface demonstrated a strong financial performance with significant growth in the Americas and operational improvements through automation investments. However, challenges in the EAAA region and the Corporate Office segment were noted. The company's commitment to sustainability and successful debt reduction were additional positives.Company Guidance
The guidance provided in the Interface, Inc. earnings call for the fourth quarter of 2024 highlights several key metrics and strategic initiatives. The company reported a 4% increase in currency-neutral net sales for the year, with a notable 9% increase in the Americas region. The One Interface strategy, which combines Nora and Interface selling teams, resulted in double-digit order growth in the Americas. The company also focused on expanding margins through global supply chain management, appointing a Chief Supply Chain Officer 18 months ago to optimize operations and drive productivity improvements. This resulted in a significant increase in operational efficiencies, particularly due to investments in automation and robotics in key manufacturing plants. For the fiscal year 2024, Interface achieved nearly doubled GAAP earnings per diluted share, with an adjusted gross profit margin of 37.1%, up 173 basis points from the previous year. Looking forward to 2025, Interface expects net sales of $1.315 billion to $1.365 billion, with a gross profit margin between 37.2% and 37.4%. The company plans to invest approximately $45 million in capital expenditures, focusing on further automation and efficiency improvements, while closely monitoring macroeconomic conditions, particularly in the European and Australian markets.Successful Implementation of One Interface Strategy
The integrated selling approach combining Nora and Interface teams in the US led to double-digit order growth in the Americas region year-over-year.
Operational Efficiency Improvements
Investments in automation and robotics at manufacturing plants in the US and Germany improved margins and operational efficiency.
Strong Financial Performance
Currency-neutral net sales grew by 4% year-over-year, nearly doubling GAAP earnings per diluted share. The Americas saw a 9% increase in currency-neutral net sales.
Recognition in Sustainability
Interface received top honor in Reuters 2024 Sustainability awards in the Net Zero Leadership category for its shift from offsets and commitment to carbon negative goals.
Increased Liquidity and Debt Reduction
Generated $148.4 million in cash from operating activities and repaid $115.2 million of debt, reducing the net leverage ratio to 1.1x.
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TILE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TILE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $21.31 | $18.87 | -11.45% |
| Nov 01, 2024 | $17.46 | $23.23 | +33.05% |
| Aug 02, 2024 | $16.52 | $17.32 | +4.84% |
| May 03, 2024 | $15.84 | $17.36 | +9.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Interface (TILE) report earnings?
Interface (TILE) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Interface (TILE) earnings time?
Interface (TILE) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TILE EPS forecast?
TILE EPS forecast for the fiscal quarter 2025 (Q1) is 0.21.
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