Interface (TILE) Tops Q1 EPS by 4c

Interface (NASDAQ: TILE) reported Q1 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $298 million versus the consensus estimate of $300.16 million.

GUIDANCE:

Looking ahead to the full year of 2019, Interface is targeting to achieve:

• Total net sales growth, including nora, of 14 – 16%, which includes 200 basis points of currency headwinds.
• Organic sales growth from carpet and LVT of 2 – 4%
• Adjusted gross profit margin of 40 – 40.5%
• Adjusted SG&A expenses of 28 – 28.5% as a percentage of net sales

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

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