Interface Reports Third Quarter 2020 Results

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Go back to Interface Reports Third Quarter 2020 Results

Interface (TILE) Tops Q3 EPS by 8c, Revenues Beat

November 6, 2020 5:46 AM EST

Interface (NASDAQ: TILE) reported Q3 EPS of $0.28, $0.08 better than the analyst estimate of $0.20. Revenue for the quarter came in at $279 million versus the consensus estimate of $272.63 million.

Quarterly Highlights:

Strong liquidity of $378 million at quarter end comprised of $104 million in cash and $275 million of availability under the revolving credit facilityQ3 2020 GAAP earnings per share of $0.10; Q3 2020 adjusted earnings per share of $0.28Cash generated by operating activities of $65 millionRepaid $43 million of debt during the quarterLaunched world's first carbon... More