STOCK TITAN

Interface, Inc. - TILE STOCK NEWS

Welcome to our dedicated page for Interface news (Ticker: TILE), a resource for investors and traders seeking the latest updates and insights on Interface stock.

Interface Inc (TILE) is a leading electrical and electronic manufacturing company headquartered in Bay Shore, New York. Specializing in the design, production, and sale of carpet tiles, Interface Inc has expanded its product portfolio to include Luxury Vinyl Tiles (LVT) and rubber flooring. The company's primary markets are corporate and noncorporate office spaces, encompassing sectors like government, education, healthcare, hospitality, and retail.

With its operations segmented geographically into the Americas, Europe, and Asia-Pacific, Interface Inc is strategically positioned to serve a diverse and global clientele. The company's two primary operating and reportable units are AMS (Americas) and EAAA (Europe, Asia, Australia, Africa), ensuring a broad market reach and robust supply chains.

Recently, Interface Inc has made significant strides in both its product innovation and sustainability initiatives, earning accolades for its environmentally friendly manufacturing processes and sustainable product lines. Financially, Interface Inc continues to display strong performance, driven by strategic partnerships and a growing customer base.

Stay updated with the latest news and developments from Interface Inc to understand how this dynamic company continues to shape the future of flooring solutions.

Rhea-AI Summary

Interface, Inc. (NASDAQ: TILE), a global flooring solutions company, has released its 2023 Impact Report, showcasing its commitment to sustainability and ethical operations. The report highlights the company's environmental, social, and governance (ESG) progress and achievements throughout 2023. Interface's dedication to sustainable practices and responsible business operations is evident in this comprehensive report, which likely includes details on their initiatives, targets, and accomplishments in areas such as carbon footprint reduction, social responsibility, and corporate governance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Interface, a leading global flooring company, announced it will release its Q2 2024 results on August 2, 2024, before market opening. A conference call hosted by CEO Laurel M. Hurd and CFO Bruce A. Hausmann will follow at 8:00 a.m. Eastern Time, providing insights into the company's performance. The call, accessible via the company's investor website, will also be archived for one year after the event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
conferences earnings
-
Rhea-AI Summary

Interface (NASDAQ: TILE) has launched its latest global carpet tile and luxury vinyl tile (LVT) collections: Etched & Threaded and Earthen Forms. These new products emphasize innovative design and sustainability while providing high performance. Etched & Threaded offers seven styles in 12 neutral colorways, inspired by natural stone and textiles. Earthen Forms includes three styles in modular tile shapes, featuring natural woodgrain and travertine textures with Interface's Ceramor+ coating for enhanced durability and slip resistance. Both collections support the company's long-term sustainability goals, incorporating recycled content and low carbon footprints.

The collections can be explored in Interface showrooms and at major design events like NeoCon. Interface continues to prioritize creating flooring solutions that balance aesthetics, functionality, and environmental responsibility.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
none
Rhea-AI Summary

Interface (NASDAQ: TILE) has released its 2024 Design Trend Index, highlighting the latest commercial design trends and the increasing demand for customization in workspace environments. Kelly Simcox, Head of Global Design, emphasizes that good design transcends aesthetics, connecting people with their environment and adapting to evolving workspaces. The report underscores Interface's commitment to creating innovative, functional, and sustainable products that meet the changing needs of commercial interiors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
Tags
none
-
Rhea-AI Summary

Interface, a global flooring solutions company, announced its Board of Directors declared a regular quarterly cash dividend of $0.01 per share. This dividend will be payable on June 14, 2024, to shareholders of record as of May 31, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
dividends
-
Rhea-AI Summary

FLOR has launched its Summer Collection of area rugs, featuring bold patterns and soothing neutrals inspired by seasonal trends. The new styles include 'Into The Wild,' 'Penny For Your Thoughts,' and 'Out Of Line,' each offering unique prints, curved edges, and calming hues. Kelly Simcox, Head of Global Design at Interface, highlighted the collection's versatility, catering to various design preferences. FLOR's rugs are made from individual carpet tiles, allowing customization through mix-and-match options. Customers can choose from carpet tiles, signature rugs, or custom designs via FLOR's online Design Studio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
none
Rhea-AI Summary

Interface, Inc. (Nasdaq: TILE) reported first quarter 2024 results with net sales of $289.7 million, down 2% year-over-year, but gross profit margin increased to 38.1%. GAAP earnings per share were $0.24. The company is increasing full fiscal year 2024 net sales guidance and remains optimistic about its One Interface strategy and new brand attitude, Made for More™. Interface is aiming for long-term success and shareholder value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.65%
Tags
-
Rhea-AI Summary
Interface, Inc. (NASDAQ: TILE) commits to absolute emission reduction efforts to address the climate crisis by focusing on direct carbon reduction and storage, aligning its strategy with climate commitments without the use of carbon offsets. The company aims to repurpose offset investments for innovation projects to achieve carbon negativity by 2040. Interface offers low carbon footprint products, plans to halve emissions by 2030, and become carbon negative by 2040. Carbon offset programs will be discontinued by 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
-
Rhea-AI Summary
Interface, Inc. (Nasdaq: TILE) is set to release its first quarter 2024 results on May 3, 2024, with a conference call hosted by CEO Laurel M. Hurd and CFO Bruce A. Hausmann. The call will provide key insights available on Interface's website. Investors can access the live broadcast online and an archived version will be available for a year post the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
conferences earnings
Rhea-AI Summary
Interface, Inc. (NASDAQ: TILE) launches new flooring collections in the first quarter, expanding product portfolio with hardworking, high-quality solutions. The new collections offer style, performance, and sustainability with the lowest carbon footprint in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none

FAQ

What does Interface Inc specialize in?

Interface Inc specializes in the design, production, and sale of carpet tiles, Luxury Vinyl Tiles (LVT), and rubber flooring.

Which markets does Interface Inc cater to?

Interface Inc caters to corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retail sectors.

Where is Interface Inc located?

Interface Inc is located at 215 N Fehr Way, Bay Shore, New York, United States.

What are the geographical segments of Interface Inc?

The geographical segments of Interface Inc include the Americas, Europe, and Asia-Pacific.

What are the operating segments of Interface Inc?

Interface Inc has two operating and reportable segments: AMS (Americas) and EAAA (Europe, Asia, Australia, Africa).

What recent achievements has Interface Inc made?

Interface Inc has made significant strides in product innovation and sustainability initiatives, earning recognition for its environmentally friendly manufacturing processes.

What types of products does Interface Inc offer?

Interface Inc offers carpet tiles, Luxury Vinyl Tiles (LVT), and rubber flooring.

Which sectors benefit from Interface Inc's products?

Sectors such as government, education, healthcare, hospitality, and retail benefit from Interface Inc's products.

How does Interface Inc maintain its market position?

Interface Inc maintains its market position through strong financial performance, strategic partnerships, and a growing customer base.

Why should I stay updated with Interface Inc's news?

Staying updated with Interface Inc's news can provide insights into their latest developments, product innovations, and business strategies.

Interface, Inc.

Nasdaq:TILE

TILE Rankings

TILE Stock Data

997.12M
58.24M
2.58%
96.23%
2.49%
Carpet and Rug Mills
Manufacturing
Link
United States of America
ATLANTA