Interface Q2 net sales up 5.2% to $346.6M; raises full-year guidance

INTERFACE INC

2024-Q2 EPS reported $0.63 revenue$636,378,000

GAAP EPS $0.38 vs $0.27 a year ago; adjusted EPS $0.40 vs $0.25.
Gross margin expanded 145 bps to 35.4%; adjusted gross margin 35.7%.
Currency neutral orders rose 8% YoY; backlog up 33% since start of 2024.
Americas net sales +6.8%; orders up 15.3% currency neutral. EAAA net sales +2.6%.
FY 2024 net sales guidance raised to $1.30-1.32B; adjusted gross margin ~36.0%.

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