Interface Inc. Earnings: Everything You Must Know Now

Interface Inc (NASDAQ:TILE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.16 in the quarter versus EPS of $0.13 in the year-earlier quarter.

Revenue: Was the same at $249.6 million as the year-earlier quarter.

Actual vs. Wall St. Expectations: Interface Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.21. It beat the average revenue estimate of $248.36 million.

Quoting Management: “We had a solid top line in the fourth quarter, led by our Americas division which posted a record number for fourth quarter sales,” said Daniel T. Hendrix, Chairman and CEO. “We also saw good sales growth in emerging geographic markets, while Europe continued to stabilize and our Australia business became better adapted to a temporary import model following the plant fire in the third quarter that has suspended manufacturing there. Even with the disruption in Australia, gross margin improved 140 basis points year-over-year and held even sequentially with the prior quarter.”

Key Stats (on next page)…

EPS decreased 15.79% from $0.19 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.18 to a profit $0.17. For the current year, the average estimate is a profit of $0.66, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)