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. (NASDAQ: TILE) is described in its public communications as a global flooring solutions company and sustainability leader. The TILE news page on Stock Titan aggregates company announcements, earnings releases, product launches, and ESG updates so readers can follow how Interface’s flooring portfolio and strategy evolve over time.
News from Interface frequently covers financial results and outlook. The company issues quarterly earnings releases that discuss net sales, operating income, and profitability for its Americas (AMS) and Europe, Africa, Asia and Australia (EAAA) segments. These releases also explain the company’s use of non-GAAP measures such as adjusted earnings per share, adjusted operating income, currency-neutral sales, net debt, and adjusted EBITDA, and they outline updated outlook ranges when guidance changes.
Interface’s news flow also features product and design announcements. Recent releases have highlighted new carpet tile collections like Stellar Horizons™, as well as global launches such as the Dressed Lines™ carpet tile and Lasting Impressions™ LVT collections. The company has also announced expansions of its resilient portfolio, including new LVT styles and refreshed nora® rubber products designed for demanding environments.
Another recurring theme in TILE news is sustainability and ESG reporting. Interface’s 2024 Impact Report, for example, details progress on carbon footprint reductions across product categories, greenhouse gas emissions, renewable energy use in manufacturing, supplier engagement, workplace certifications, and governance of ESG topics. Dividend declarations and changes to the regular quarterly dividend are also communicated through news releases, providing insight into capital allocation decisions.
Investors, analysts, and industry professionals can use the Interface news stream to monitor earnings trends, portfolio developments in carpet tile, LVT, rubber flooring, and FLOR premium area rugs, as well as the company’s stated climate and ESG goals. Regularly reviewing TILE news helps contextualize Interface’s performance and strategic priorities within the flooring and carpet tile market.
Interface, Inc. (Nasdaq: TILE) announced a quarterly cash dividend of $0.01 per share, payable on April 15, 2022, to shareholders of record as of April 1, 2022. This dividend underlines the company's ongoing commitment to returning value to shareholders while emphasizing its leadership in sustainability within the flooring industry. As a global leader in carbon-neutral flooring solutions, Interface continues to promote environmentally friendly practices alongside financial responsibility.
Interface, Inc. (Nasdaq: TILE) announced the appointment of Laurel M. Hurd as President and CEO, effective April 18, 2022. Hurd, who has extensive experience in sales management and brand stewardship, previously served as Segment President at Newell Brands, overseeing over $3 billion in revenue. She aims to accelerate Interface's growth and uphold its sustainability commitments, including becoming carbon negative by 2040. Hurd succeeds Daniel T. Hendrix, who remains Chairman after 39 years with the company.
Interface, Inc. (Nasdaq: TILE) reported robust financial results for Q4 and FY 2021, with net sales rising 23% to $340 million in Q4 and 9% to $1.2 billion for the year. GAAP earnings per share reached $0.37 for Q4 and $0.94 for FY 2021. The company successfully reduced SG&A expenses as a percentage of net sales and decreased net debt by $56 million, achieving a leverage ratio of 2.5x net debt-to-adjusted EBITDA. The strong demand for carbon-neutral products is expected to maintain momentum into 2022, with anticipated sales growth of 7% to 9%.
On February 7, 2022, Interface announced the launch of its new Even Path™ collection, entering the rigid core flooring market. This collection features durable, high-quality wood and stone designs engineered for commercial spaces. It includes a multi-layered tile structure that withstands heavy loads and scratches, with a glue-free installation system. The products are made with 39% recycled content and are carbon neutral throughout their lifecycle. Interface aims to further reduce the carbon footprint of its products as part of its Climate Take Back™ initiative, targeting carbon negativity by 2040.
Interface, Inc. (Nasdaq: TILE) will release its fourth quarter and fiscal year 2021 results on March 1, 2022, before market opening. A conference call will take place at 8:00 a.m. ET on the same day, featuring CEO Daniel T. Hendrix and CFO Bruce A. Hausmann. The call will be available live online, with details accessible on the Interface investor relations website. The company specializes in carbon-neutral flooring solutions, committed to sustainability through its mission, Climate Take Back.
Interface, Inc. (Nasdaq: TILE), a leader in sustainable commercial flooring, announced that CFO Bruce Hausmann will participate in a fireside chat at the Credit Suisse 9th Annual Global Industrials Conference on December 1, 2021, at 1:30 p.m. ET. The event will be available via webcast on the company’s investor relations website, with a replay accessible post-presentation. Interface specializes in eco-friendly flooring solutions, aiming to operate in a restorative manner to the planet through its mission, Climate Take Back™.
On November 16, 2021, Interface announced a quarterly cash dividend of $0.01 per share, payable on December 17, 2021, to shareholders of record as of December 3, 2021. This highlights the company's commitment to returning value to its investors amidst its ongoing mission for sustainability.
Interface is a leader in carbon neutral flooring solutions and promotes a vision of environmental restoration through its Climate Take Back™ initiative.
Interface, Inc. (Nasdaq: TILE) reported a robust third quarter for 2021, with net sales reaching $313 million, a 12% increase year-over-year. The company saw a significant 24% rise in orders and generated $29 million in cash from operations while repaying $30 million in debt. Adjusted earnings per share stood at $0.29, up from $0.28 in Q3 2020. The gross profit margin decreased to 34% amidst ongoing supply chain challenges. The company anticipates Q4 net sales between $320 million and $330 million.
Interface, Inc. (Nasdaq: TILE) plans to release its third quarter 2021 financial results on November 5, 2021, before market opening. A conference call will be held that morning at 8:00 a.m. Eastern Time, featuring CEO Daniel T. Hendrix and CFO Bruce A. Hausmann. Listeners can access the call via the company's website or directly through a provided link. The company specializes in carbon-neutral flooring solutions and aims to promote sustainability with its Climate Take Back™ mission.
Interface, a leader in sustainable flooring, has launched its latest carpet tile collection, Rising Signs™, designed by Kari Pei. The collection is inspired by architectural lines and integrates organic patterns with geometric elements, offering eight versatile styles. Rising Signs promotes biophilic design, enhancing well-being and productivity. It features 100% recycled content and is fully recyclable through the ReEntry™ program, supporting carbon neutrality. The North American launch includes events from October 4-6 in Chicago, Mexico City, and Toronto.