earnings
confidence high
sentiment positive
materiality 0.75
Interface Q1 net sales $288M (+14% YoY); GAAP EPS $0.22 (+83%); raises FY revenue outlook
INTERFACE INC
2022-Q1 EPS reported
$0.22
revenue$288,002,000
- Net sales $288M, up 14% YoY; orders up 15% YoY, fourth consecutive double-digit orders growth.
- GAAP EPS $0.22 vs $0.12 YoY; adjusted EPS $0.28 vs $0.17 YoY (up 65%).
- Operating income $27.4M (+62% YoY); adjusted operating income $30.6M (+54%).
- Full-year net sales growth outlook raised to ~10%-12% (prior not specified but implied increase).
- Laurel Hurd joined as CEO on April 18, 2022, succeeding Dan Hendrix who remains Chairman.