Interface Q2 2023 Earnings Report

Interface EPS Results

• Actual EPS: $0.25
• Consensus EPS: $0.18
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: $0.36

Interface Revenue Results

• Actual Revenue: $329.60 million
• Expected Revenue: $334.88 million
• Beat/Miss: Missed by -$5.28 million
• YoY Revenue Growth: -4.90%

Interface Announcement Details

• Quarter: Q2 2023
• Date: 8/4/2023
• Time: Before Market Opens

Interface (NASDAQ:TILE) designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products. It also provides carpet replacement, installation, and maintenance services; and rubber flooring under the norament and noraplan brand names; as well as produces and sells an adapted version of its carpet tile for the healthcare facilities market. In addition, the company sells a proprietary antimicrobial chemical compound under the Intersept name; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for global accounts and other customers through its InterfaceSERVICES business. The company sells its products directly to end-users, as well as indirectly through independent contractors, installers, or distributors. Interface, Inc. was incorporated in 1973 and is headquartered in Atlanta, Georgia.