Interface Third Quarter 2024 Earnings: Beats Expectations

Interface, Inc. +1.84%

Interface, Inc.

TILE

26.52

+1.84%

Interface (NASDAQ:TILE) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$344.3m (up 11% from 3Q 2023).
  • Net income: US$28.4m (up 191% from 3Q 2023).
  • Profit margin: 8.3% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$0.49 (up from US$0.17 in 3Q 2023).
earnings-and-revenue-growth
NasdaqGS:TILE Earnings and Revenue Growth November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Interface Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

The company's shares are up 29% from a week ago.

Risk Analysis

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