Interface Reports First Quarter 2021 Results

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Go back to Interface Reports First Quarter 2021 Results

Interface (TILE) Tops Q1 EPS by 13c, Slight Beat on Revenues ; Offers 2Q Revenue Guidance Above Consensus

May 7, 2021 6:01 AM EDT

Interface (NASDAQ: TILE) reported Q1 EPS of $0.17, $0.13 better than the analyst estimate of $0.04. Revenue for the quarter came in at $253.26 million versus the consensus estimate of $252.7 million.

Quarterly Highlights:

Q1 2021 GAAP earnings per share of $0.12; Q1 2021 adjusted earnings per share of $0.17.Orders increased 11% from Q4 2020 to Q1 2021.Strong liquidity of $405 million at quarter end comprised of $107 million in cash and $298 million of availability under the revolving credit facility.Cash generated by operating activities of $25 million in Q1 2021.

"We delivered solid results for the first quarter 2021... More