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Dec 29, 2024
Interface Q4 2024 Earnings Report
Delivered strong year, as One Interface strategy accelerated results.
Key Takeaways
Interface, Inc. reported a 3.0% year-over-year increase in net sales, totaling $335 million. GAAP earnings per diluted share were $0.37, with adjusted earnings per diluted share at $0.34. The company generated $38 million in cash from operations and repaid $34 million of debt during the quarter.
Net sales totaled $335 million, up 3.0% year-over-year.
GAAP earnings per diluted share reached $0.37; Adjusted earnings per diluted share was $0.34.
Generated $38 million in cash from operations.
Repaid $34 million of debt in the quarter.
Revenue by Geographic Location
Forward Guidance
Interface anticipates net sales of $290 million to $300 million for Q1 2025. The company is forecasting translation FX to negatively impact its year-over-year net sales growth rate by approximately 2% in Q1 2025 and approximately 1% to 2% for the full fiscal year 2025.
Positive Outlook
- Strong backlog
- Expects customary seasonality in the year which typically means a lighter Q1 sequentially, followed by a stronger Q2 and Q3 sequentially.
- Adjusted gross profit margin 37.5% of net sales
- Adjusted SG&A expenses $88 million
- Adjusted interest & other expenses $6 million
Challenges Ahead
- Translation FX to negatively impact its year-over-year net sales growth rate by approximately 2% in Q1 2025 and approximately 1% to 2% for the full fiscal year 2025.
- Adjusted effective income tax rate 28.0%
- Fully diluted weighted average share count 59.2 million shares
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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