earnings
confidence high
sentiment positive
materiality 0.65
Interface Q3 net sales up 12% to $313M; adjusted EPS $0.29 vs $0.28 YoY
INTERFACE INC
2021-Q3 EPS reported
$0.57
revenue$860,752,000
- GAAP EPS $0.19, up from $0.10; net income $11.0M vs $5.9M in Q3 2020.
- Orders increased 24% YoY; Americas orders up 34%, EAAA up 12%.
- Q4 net sales guidance $320M-$330M; adjusted gross margin 35.5%-36.5%.
- Debt reduced by $30M in Q3; cash on hand $92.8M, total debt $525M.
- European carpet tile backing now fully converted to bio-based CQuest™Bio.