- Interface, Inc. (TILE, Financial) reports a 2.6% year-over-year increase in first-quarter net sales, reaching $297 million.
- Adjusted earnings per diluted share at $0.25, reflecting a 4.2% annual increase.
- The company maintains strong momentum in the Americas with a 6% sales increase due to their One Interface strategy.
Interface, Inc. (TILE), a leading commercial flooring company, reported its first-quarter financial results for 2025, showcasing a growth trajectory despite a challenging macroeconomic environment. The company achieved net sales of $297 million, marking a 2.6% increase compared to the same period last year. On a currency-neutral basis, sales grew 4.1% year-over-year.
The company's GAAP earnings per diluted share for the quarter were $0.22, while adjusted earnings per diluted share increased 4.2% compared to last year, reaching $0.25. This reflects Interface's resilient performance amid currency fluctuations and macroeconomic uncertainties.
Laurel Hurd, CEO of Interface, emphasized the success of the One Interface strategy in driving growth and diversification. Specifically, the Americas region showed robust performance with net sales growing 6% and currency-neutral orders increasing by 10%. Despite a softer performance in the EAAA regions, the company's strategic focus on healthcare and education sectors resulted in double-digit billing growth globally.
Looking ahead, Interface anticipates strong second-quarter performance with net sales projected between $355 million and $365 million. The company remains committed to delivering long-term value for shareholders by leveraging its One Interface strategy and strong balance sheet.
For the full fiscal year 2025, Interface forecasts net sales in the range of $1.340 billion to $1.365 billion, with an adjusted gross profit margin of 37.2% to 37.4% of net sales. The company's strategic initiatives, aimed at expanding margins and leading in sustainability, continue to reinforce its market position in the flooring industry.
