Interface Reports Fourth Quarter and Fiscal Year 2019 Results
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Interface (TILE) Tops Q4 EPS by 5c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus
February 26, 2020 5:56 AM ESTInterface (NASDAQ: TILE) reported Q4 EPS of $0.46, $0.05 better than the analyst estimate of $0.41. Revenue for the quarter came in at $339 million versus the consensus estimate of $344.63 million.
Highlights:
Q4 net sales up 1%; Q4 organic sales up 2%Q4 GAAP EPS of $0.28, up 155%; Q4 adjusted EPS of $0.46, up 12%FY net sales up 14%; FY organic sales up 2%FY GAAP EPS of $1.34, up 60%; FY adjusted EPS of $1.59, up 7%Reduced total debt in the quarter by $30 million"We ended 2019 with a solid finish, delivering strong operating and financial... More
