Interface Inc
NASDAQ:TILE

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Interface Inc
NASDAQ:TILE
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Price: 22.92 USD -1.16%
Market Cap: 1.3B USD

Interface Inc
Investor Relations

Interface Inc., a global leader in modular flooring, has woven a tapestry of innovation and sustainability into its corporate narrative. Originally founded in 1973 by Ray Anderson, the company revolutionized the commercial and industrial flooring industry by introducing modular carpet tiles, departing from traditional broadloom carpeting. This strategy afforded clients the flexibility to replace individual tiles rather than entire sections of carpet, minimizing waste and driving a more efficient, cost-effective maintenance model. The genius of Interface's business model lies in its ability to cater to a diverse market, with sectors ranging from corporate offices and educational institutions to healthcare facilities. The company not only manufactures carpets but also integrates cutting-edge technology and design innovation to enhance durability and aesthetics, thus consistently attracting a niche clientele that values both form and function.

Looming as a beacon of environmental stewardship, Interface Inc. embarked on Mission Zero in the 1990s, a pledge to achieve zero negative environmental impact by 2020. This ambitious goal redefined the company's operational ethos, demonstrating that sustainability could be harmoniously aligned with profitability. The strategy involved recycling used carpets, adopting bio-based raw materials, and employing energy-efficient production processes. They even launched initiatives like ReEntry, which allowed them to reclaim used carpets for reuse and recycling, creating a closed-loop system that feeds into the production of new tiles. Such sustainability efforts not only reduced costs but also created a strong brand reputation that resonated with environmentally-conscious clients. With Interface's model, profitability intertwines seamlessly with environmental accountability, ensuring the company's pivotal role in driving long-term ecological change within the industry.

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Earnings Calls

2024 Q3
Nov 1, 2024
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Interface, Inc. Reports Strong Growth and Enhances Profitability in Q3 2024
2024 Q3
Nov 1, 2024

Interface, Inc. showcased impressive performance in Q3 2024, with net sales jumping 11% to $344.3 million, driven by an 18% increase in the Americas, particularly in education and retail sectors. The company noted strong order growth, up 10% overall and a 29% backlog increase year-to-date. Profitability surged with adjusted gross margin reaching 37.5%, up 158 basis points due to raw material cost deflation and operational efficiencies. Looking ahead, Interface raised its full-year guidance, anticipating net sales between $1.315 billion and $1.325 billion and a gross margin of approximately 36.6%. This reflects confidence in sustained growth and market share gains across its product segments.

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Management

Mr. Bruce A. Hausmann
VP & CFO
No Bio Available
Mr. David B. Foshee
VP, General Counsel & Secretary
No Bio Available
Mr. Nigel Stansfield
VP and Chief Innovation & Sustainability Officer
No Bio Available
Mr. James L. Poppens
Chief Commercial Officer & VP
No Bio Available
Mr. Robert Pridgen
VP & Chief Accounting Officer
No Bio Available
Mr. Jake Elson
VP & Chief Information Officer
No Bio Available
Christine Needles
Global Head of Corporate Communications
No Bio Available
Ms. Anna Webb
Vice President of Global Marketing
No Bio Available
Mr. Greg Minano
VP & Chief Human Resources Officer
No Bio Available
Mr. Chip DeGrace
Chief Design Officer
No Bio Available

Contacts

Address
GEORGIA
Atlanta
1280 W Peachtree St NW
Contacts
+17704376800.0
www.interface.com