Interface Inc - TILE STOCK NEWS

Interface Inc (Nasdaq: TILE) has scheduled its first quarter 2025 financial results announcement for Friday, May 2, 2025, before market opening. The company will host a conference call at 8:00 a.m. Eastern Time on the same day.

The conference call will be led by CEO Laurel M. Hurd and CFO Bruce A. Hausmann, featuring a live internet broadcast. Investors can access the call through the company's website at investors.interface.com or via the direct link provided. An archived version of the call will remain accessible for one year after the event.

Interface (NASDAQ: TILE), a global flooring solutions company, announced the incorporation of captured carbon in its carpet tile manufacturing processes in the U.S. and Europe. This initiative aligns with their commitment to become carbon negative by 2040.

The company is now utilizing captured carbon as a key raw material, which helps store more carbon and lower the carbon footprints of their carpet tile products. This innovation provides customers with lower carbon footprint carpet tiles at no additional cost while maintaining design and performance standards.

As an early adopter of this technology, Interface has already achieved an 82% reduction in the carbon footprint of their carpet tile portfolio since 1996. The captured carbon technology works by capturing and reintegrating emissions that would otherwise be released into the air, creating a closed loop system that keeps carbon out of the atmosphere.

Interface (Nasdaq: TILE), a global flooring solutions company and sustainability leader, has announced its Board of Directors' declaration of a regular quarterly cash dividend. The dividend of $0.01 per share will be paid on April 11, 2025, to shareholders recorded as of March 28, 2025.

Interface (Nasdaq: TILE) reported strong fourth quarter and full year 2024 results, demonstrating early success of its One Interface strategy. Q4 net sales reached $335 million, up 3.0% year-over-year, with GAAP EPS of $0.37 and adjusted EPS of $0.34. The company generated $38 million in operating cash flow and repaid $34 million of debt in the quarter.

For fiscal year 2024, net sales totaled $1,316 million, up 4.3% year-over-year, with GAAP EPS of $1.48 and adjusted EPS of $1.46. The company generated $148 million in operating cash flow and repaid $115 million of debt, reducing net leverage to 1.1 times fiscal year 2024 Adjusted EBITDA.

CEO Laurel Hurd highlighted growth across all product categories, with particular strength in the Americas. Global Education billings increased by double digits, while the company gained market share in Corporate Office and positioned its Healthcare segment for future success. The company enters 2025 with a strong backlog but expects currency headwinds to negatively impact year-over-year net sales growth by approximately 2% in Q1 and 1-2% for the full fiscal year 2025.

Interface (NASDAQ: TILE) has launched two new carpet tile collections, Material Impressions™ and Open Road™, celebrating 25 years of its innovative i2™ design approach. The i2 portfolio, inspired by nature's random patterns, features nearly 50 carpet tile styles prioritizing similarity over uniformity.

The collections expand Interface's commercial flooring solutions, offering designs that blend effortlessly rather than match exactly. This approach eliminates dye lot matching concerns, making tile replacement simple regardless of purchase or installation timing. Material Impressions features three styles with ombre detailing and color gradation, while Open Road offers organic and geometric styles reflecting granite seams and textured contrasts.

The i2 concept, first introduced with the Entropy® product in 2000, was inspired by biomimicry principles from Janine Benyus's 1997 book. Both new collections are now available in North America, designed for workplaces, education spaces, and other commercial applications.

Interface (Nasdaq: TILE) has announced it will release its fourth quarter and fiscal year 2024 results on Tuesday, February 25, 2025, before market open. The company will host a conference call at 8:00 a.m. Eastern Time on the same day, featuring CEO Laurel M. Hurd and CFO Bruce A. Hausmann.

The conference call will be broadcast live over the internet and will be accessible through Interface's investor relations website. An archived version of the call will remain available for one year after the event.

Interface (NASDAQ: TILE) has unveiled a groundbreaking carbon negative nora® rubber flooring prototype that stores more carbon than it emits during manufacture. This innovation follows the company's commitment to invest in carbon reduction without relying on offsets. The prototype achieves a negative carbon footprint through cradle-to-gate measurement, incorporating bio-based and carbon-storing raw materials.

Since acquiring nora systems in 2018, Interface has reduced its rubber portfolio's carbon intensity by 26% since 2019. The prototype builds on the success of Interface's 2020 launch of Embodied Beauty™, the industry's first carbon negative carpet tile collection. The company plans to make this carbon negative rubber product commercially available in late 2025, targeting sectors like healthcare, education, and transportation.

Interface (NASDAQ: TILE) has announced a complete color refresh of its norament 926 satura rubber flooring collection. The updated line features 22 colors, from neutral to vibrant tones, available in two surface options: the classic hammered surface and a new subtly structured two-tone design. The PVC-free flooring is specifically designed for high-traffic areas, offering exceptional durability without requiring coating or welding. The collection maintains its appearance under demanding conditions, making it suitable for education, healthcare, workplace, and public building applications. Since 2019, Interface has made significant progress in reducing the carbon footprint of nora rubber flooring through various manufacturing innovations.

Interface (Nasdaq: TILE) has announced that its Board of Directors declared a regular quarterly cash dividend of $0.01 per share. The dividend will be paid on December 13, 2024, to shareholders of record as of November 29, 2024. Interface is a global flooring solutions company and leader in sustainability.