Interface (TILE) Tops Q1 EPS by 2c, Beats on Revenues

Interface (NASDAQ: TILE) reported Q1 EPS of $0.25, $0.02 better than the analyst estimate of $0.23. Revenue for the quarter came in at $241 million versus the consensus estimate of $234.35 million.

Fiscal Year 2018 Outlook

Looking at the full year of 2018, Interface reaffirms it is targeting to achieve 3 - 5% organic sales growth, gross profit margin of 39 - 39.5%, SG&A expenses that are relatively flat to 2017 as a percentage of net sales, an effective tax rate of 26 - 27%, interest and other expenses that are projected to be $2 million to $3 million higher than 2017, and capital expenditures of $50 million to $60 million. Based on historic seasonality, current forecasts, and prior year comparables, the Company continues to expect its strongest operating income growth in the second and third quarters of 2018, with softer growth in the first and fourth quarters.

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

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