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Apr 04, 2021
Interface Q1 2021 Earnings Report
Reported solid results benefiting from reduced cost structure and a currency tailwind.
Key Takeaways
Interface, Inc. announced first quarter 2021 results with GAAP earnings per share of $0.12 and adjusted earnings per share of $0.17. Orders increased 11% from Q4 2020. The company had strong liquidity of $405 million at quarter end.
Q1 2021 GAAP earnings per share of $0.12; Q1 2021 adjusted earnings per share of $0.17.
Orders increased 11% from Q4 2020 to Q1 2021.
Strong liquidity of $405 million at quarter end comprised of $107 million in cash and $298 million of availability under the revolving credit facility.
Cash generated by operating activities of $25 million in Q1 2021.
Forward Guidance
Interface is anticipating net sales in the second quarter of 2021 of approximately $290 million and adjusted gross profit percentage of approximately 38.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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