Interface (TILE) Reports In-Line Q2 EPS

Interface (NASDAQ: TILE) reported Q2 Adj. EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $284 million versus the consensus estimate of $274.94 million.

Guidance:

Depending on the date the nora transaction formally closes, which will determine when nora\'s business results start being included into Interface\'s business results, the nora acquisition is anticipated to have the following impacts on Interface\'s targeted 2018 results:

• Increasing gross profit margin by 30 – 50 basis points;
• Increasing SG&A expenses, as a percentage of net sales, by 70 – 100 basis points;
• Increasing the Company\'s effective tax rate to 27 - 28%; and
• Improving adjusted EPS by $0.03 to $0.06 in 2018.

For earnings history and earnings-related data on Interface (TILE) click here.

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