Price: $16.2100
$1.07
7.067%
|
Day's High:
| $16.41
| Week Perf:
| 5.74 %
|
Day's Low: |
$ 15.27 |
30 Day Perf: |
17.98 % |
Volume (M): |
653 |
52 Wk High: |
$ 16.41 |
Volume (M$): |
$ 10,582 |
52 Wk Avg: |
$10.04 |
Open: |
$15.29 |
52 Wk Low: |
$6.51 |
|
|
Market Capitalization (Millions $) |
950 |
Shares
Outstanding (Millions) |
59 |
Employees |
3,346 |
Revenues (TTM) (Millions $) |
1,261 |
Net Income (TTM) (Millions $) |
45 |
Cash Flow (TTM) (Millions $) |
24 |
Capital Exp. (TTM) (Millions $) |
26 |
Interface Inc
We are a worldwide leader in design, production and sales of modular carpet,
also known as carpet tile. For the past several years, modular carpet sales
growth in the floorcovering industry has significantly outpaced the growth of
the overall industry, as architects, designers and end users increasingly recognized
the unique and superior attributes of modular carpet, including its dynamic
design capabilities, greater economic value (which includes lower costs as a
result of reduced waste in both installation and replacement), and installation
ease and speed.
Market Leader in Attractive Modular Carpet Segment. We are the world’s
leading manufacturer of carpet tile. Modular carpet has become more prevalent
across all commercial interiors markets as designers, architects and end users
have become more familiar with its unique attributes. We believe that we are
well positioned to lead and capitalize upon the continued shift to modular carpet,
both domestically and around the world.
Established Brands and Reputation for Quality, Reliability and Leadership. Our
products are known in the industry for their high quality, reliability and premium
positioning in the marketplace, and our established brand names are leaders
in the industry. The 2015 Floor Focus survey ranked our Interface brand first
in the survey categories of service, quality, design and performance. In the
North American residential market segment, our FLOR brand is known for its high
style carpet design squares that consumers assemble to create custom rugs, runners
or wall-to-wall designs in the home. On the international front, Interface is
a well-recognized brand name in carpet tiles for commercial and institutional
use. More generally, we believe that as the appeal and utilization of modular
carpet continues to expand into market segments such as government, healthcare,
education, hospitality, and retail and residential space, our reputation as
the pioneer of modular carpet — as well as our established brands and
leading market position for modular carpet in the corporate office segment —
will enhance our competitive advantage in marketing to the customers in these
new markets.
Innovative Product Design and Development Capabilities. Our product design
and development capabilities have long given us a significant competitive advantage,
and we believe they continue to do so as modular carpet’s appeal and utilization
expand across virtually every market segment and around the globe. One of our
recent design innovations is the introduction of long and narrow rectangular
carpet tiles in the shape of planks, and even more narrow versions known as
Skinny Planks™. The use of planks and Skinny Planks increases the design
versatility of our carpet tile, as these products can create aesthetics (such
as a herringbone pattern) that are different from, or enhance, that of our traditional
square carpet tiles.
The award-winning design firm David Oakey Designs has had a pivotal role in
developing our plank and Skinny Plank products, as well as many of our other
innovative product designs, and our long-standing exclusive relationship with
David Oakey Designs remains vibrant and augments our internal research, development
and design staff. As another example, David Oakey Designs has developed products
that are manufactured using state-of-the-art tufting technology which allows
us to pinpoint tufts of different colored yarns in virtually any arrangement
within a carpet tile. These unique designs are best exemplified by our Urban
Retreat®, Net Effect® and Human Nature® collections, which are sold
throughout our international operations.
Historically, one of our best design innovations is our i2™ modular product
line, which includes our popular Entropy® product for which we received
a patent in 2005 on the key elements of its design. The i2 line introduced and
features mergeable dye lots, and includes a number of carpet tile products that
are designed to be installed randomly without reference to the orientation of
neighboring tiles. The i2 line offers cost-efficient installation and maintenance,
interactive flexibility, and recycled and recyclable materials. Another more
recent innovation is our TacTiles® carpet tile installation system, which
uses small squares of adhesive plastic film to connect intersecting carpet tiles,
thus eliminating the need for traditional carpet adhesive and resulting in a
reduction in installation time and waste materials.
Made-to-Order and Global Manufacturing Capabilities. We have a distinct competitive
advantage in meeting two principal requirements of the specified products markets
we primarily target — that is, providing custom samples quickly and on-time
delivery of customized final products. We also can generate realistic digital
samples that allow us to create a virtually unlimited number of new design concepts
and distribute them instantly for customer review, while at the same time reducing
sampling waste. Approximately 60% to 65% of our modular carpet products in the
United States and Asia-Pacific markets are now made-to-order, and we are increasing
our made-to-order production in Europe as well. Our made-to-order capabilities
not only enhance our marketing and sales, they significantly improve our inventory
turns. Our global manufacturing capabilities in modular carpet production are
an important component of this strength, and give us an advantage in serving
the needs of multinational corporate customers that require products and services
at various locations around the world. Our manufacturing locations across four
continents enable us to compete effectively with local producers in our international
markets, while giving international customers more favorable delivery times
and freight costs.
Experienced and Motivated Management and Sales Force. An important component
of our competitive position is the quality of our management team and its commitment
to developing and maintaining an engaged and accountable workforce. Our team
is highly skilled and dedicated to guiding our overall growth and expansion
into our targeted market segments, while maintaining our leadership in traditional
markets and our high contribution margins. We utilize an internal marketing
and predominantly commissioned sales force of more than 650 experienced personnel,
stationed at over 70 locations in over 30 countries, to market our products
and services in person to our customers. Our incentive compensation and our
sales and marketing training programs are tailored to promote performance and
facilitate leadership by our executives both in strategic areas as well as the
Company as a whole.
Our business strategy is to continue to use our leading position in modular
carpet and our product design and global made-to-order capabilities as a platform
from which to drive acceptance of modular carpet products across several industry
segments, while maintaining our leadership position in the corporate office
market segment. We will seek to increase revenues and profitability by capitalizing
on the above strengths and pursuing the following key strategic initiatives:
Continue to Penetrate Non-Corporate Office Market Segments. We will continue
our strategic focus on product design and marketing and sales efforts for non-corporate
office market segments such as government, education, healthcare, hospitality,
retail and residential space. We began this initiative as part of our market
diversification strategy in 2001 (when our initial objective was reducing our
exposure to the more severe economic cyclicality of the corporate office segment),
and it has become a principal strategy generally for growing our business and
enhancing profitability. To implement this strategy, we:
introduced specialized product offerings tailored to the unique demands of these
segments, including specific designs, functionalities and prices;
created special sales teams dedicated to penetrating these segments at a high
level, with a focus on specific customer accounts rather than geographic territories;
and
realigned incentives for our corporate office segment sales force generally
in order to encourage their efforts, and where appropriate, to assist our penetration
of these other segments.
Company Address: 1280 West Peachtree Street Atlanta 30309 GA
Company Phone Number: 437-6800 Stock Exchange / Ticker: NASDAQ TILE
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Next quarterly dividend pay out on April 12, 2024. |
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|
Customers Net Income fell by |
TILE's Customers Net Profit Margin fell to |
-71.13 % |
2.36 %
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Stock Performances by Major Competitors |
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Dividend
Published Tue, Mar 12 2024 8:05 PM UTC
ATLANTA - Interface, Inc. (Nasdaq: TILE), a global leader in flooring solutions, has recently announced the declaration of a regular quarterly cash dividend of $0.01 per share. This news comes as the company continues to work towards its vision of creating a sustainable and innovative future. The dividend, payable on April 12, 2024, is a testament to Interface's com...
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Interface Inc
Interface, Inc. (Nasdaq: TILE) has made an impressive turnaround in profitability, despite facing shrinking sales. In the financial interval ending December 31, 2023, the company reported earnings per share (EPS) of $0.33, showing a significant increase from $0.17 per share in the previous reporting period. However, there was a decrease in revenue by -2.45% to $327.15 million from the year before. This improvement in profitability can be attributed to Interface's focus on improving profit margins. The net margin rose to 5.98% in the financial interval ending December 31, 2023, and the operating margin also saw a slight increase to 10.74%. These results indicate that the company has been successful in managing its costs and maximizing its profitability.
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Dividend
Published Tue, Nov 14 2023 9:15 PM UTC
ATLANTA - Interface, Inc. (Nasdaq: TILE), the global flooring solutions company, has recently announced that its Board of Directors has approved a regular quarterly cash dividend of $0.01 per share. This dividend is set to be paid on December 15, 2023, to all shareholders of record as of December 1, 2023. This decision reflects Interface's commitment to its shareholders...
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Interface Inc
As we analyze the recent financial results of Interface Inc, a global leader in modular flooring solutions, it is evident that the company is navigating through a mixed bag of performance indicators. With the financial period ending on October 01, 2023, Interface Inc faces both positives and negatives in various aspects of its operations. Starting with the bottom line, Interface Inc's net profit per share dropped by 29.17%, from $0.24 to $0.17 per share, when compared to the previous year. Similarly, the income faded by 37.04% from the preceding quarter, going from $0.27 to $0.17 per share. These figures highlight the challenges the company experienced in terms of profitability during this period.
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Interface Inc
Introduction In an industry marred by declining revenues, Interface Inc (TILE) shines as a beacon of success. The furniture and fixtures sector has witnessed a downturn in recent years, but Interface Inc's strong financial performance in the fiscal second quarter of 2023 is a testament to its resilience and ability to adapt. With double-digit increases in both revenue and earnings, TILE has positioned itself as a stock market winner. Revenue Growth TILE reported a revenue of $328.79 million, representing a remarkable year-on-year increase of 14.161%. This surge demonstrates TILE's strength in generating substantial income, even in a challenging economic environment. Additionally, quarter-on-quarter growth of 11.154% emphasizes the consistency with which the company is expanding its market presence.
|
Per Share |
Current |
Earnings (TTM) |
0.76 $ |
Revenues (TTM) |
21.53 $
|
Cash Flow (TTM) |
0.41 $ |
Cash |
1.89 $
|
Book Value |
7.27 $
|
Dividend (TTM) |
0.04 $ |
|
Per Share |
|
Earnings (TTM) |
0.76 $
|
Revenues (TTM) |
21.53 $ |
Cash Flow (TTM) |
0.41 $ |
Cash |
1.89 $
|
Book Value |
7.27 $ |
Dividend (TTM) |
0.04 $ |
|
|
|
|