Markets

Interface Inc. Q4 Profit Increases, beats estimates

March 01, 2022 — 05:36 am EST

Written by RTTNews.com for RTTNews

(RTTNews) - Interface Inc. (TILE) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $21.83 million, or $0.37 per share. This compares with $19.62 million, or $0.33 per share, in last year's fourth quarter.

Excluding items, Interface Inc. reported adjusted earnings of $27.8 million or $0.47 per share for the period.

Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.6% to $339.65 million from $276.95 million last year.

Interface Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $21.83 Mln. vs. $19.62 Mln. last year. -EPS (Q4): $0.37 vs. $0.33 last year. -Analyst Estimate: $0.31 -Revenue (Q4): $339.65 Mln vs. $276.95 Mln last year.

-Guidance: Next quarter EPS guidance: $275 - $285 Mln

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Markets
Stocks Mentioned
TILE

Latest Articles
Data is currently not available