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Dec 29, 2019
Interface Q4 2019 Earnings Report
Interface reported an increase in Q4 net sales and EPS.
Key Takeaways
Interface reported Q4 net sales of $339 million, a 1% increase year-over-year, with organic sales up by 2%. The company's Q4 GAAP EPS was $0.28, a 155% increase, and adjusted EPS was $0.46, a 12% increase. They reduced total debt in the quarter by $30 million.
Q4 net sales increased by 1%, with organic sales up by 2%.
Q4 GAAP EPS increased by 155% to $0.28, and adjusted EPS increased by 12% to $0.46.
Full year net sales were up 14%, with organic sales up 2%.
Full year GAAP EPS increased by 60% to $1.34, and adjusted EPS increased by 7% to $1.59.
Forward Guidance
Interface is targeting to achieve organic sales growth of 2 - 4% and adjusted earnings per share of $1.60 - $1.70 for the full year of 2020.
Positive Outlook
- Targeting 2-4% organic sales growth
- Targeting adjusted EPS of $1.60 - $1.70
- Tax rate anticipated to be approximately 28%
- Fully diluted share count forecast to be 59.5 million shares
- Capital expenditures anticipated to be $50 - $60 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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