NASDAQ$TILE
Interface Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Managed through pandemic headwinds with expense reductions and increased financial flexibility.
Interface reported a decrease in net sales by 27% compared to the prior year period, with net sales of $260 million. The company recorded net income of $5 million, or $0.08 per diluted share. They generated strong cash flow from operations of $48 million and maintained solid liquidity, ending the quarter with $92 million in cash.
- Strong liquidity of $331 million at quarter end comprised of $92 million in cash and $240 million of borrowing availability under the revolving credit facility
- Amended credit facility includes financial covenant flexibility through first quarter of 2022
- Q2 2020 GAAP earnings per share of $0.08; Q2 2020 adjusted earnings per share of $0.27
- Cash provided by operating activities of $48 million
Headline financials
Revenue & EPS history
Interface · Revenue · Quarterly
$260M
Forward guidance
Due to the continued disruption of the global economy due to COVID-19, and the significant level of uncertainty created by the global pandemic, Interface is not providing fiscal year 2020 guidance. The company anticipates full year 2020 adjusted SG&A expenses of approximately $320 million and capital expenditures of $45 - $50 million for the full year 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
+1.6%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
61%
37 / 61 earnings
Positive
+34.5%
Q3 2024
Best reaction
-15.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -2.2% | — | |
| Q4 2025 | +4.0% | -0.0% | -20.1% | |
| Q3 2025 | -2.9% | -2.1% | +4.6% | |
| Q1 2025 | +1.9% | +5.4% | +6.6% | |
| Q4 2024 | -11.5% | -5.1% | -4.4% | |
| Q3 2024 | +34.5% | +41.6% | +52.0% | |
| Q2 2024 | +1.4% | -1.8% | +14.1% | |
| Q1 2024 | +3.6% | +0.6% | +1.6% | |
| Q4 2023 | +15.9% | +17.4% | +26.5% | |
| Q3 2023 | +0.8% | -1.3% | +12.6% | |
| Q2 2023 | +4.1% | +5.3% | +7.9% | |
| Q1 2023 | -7.8% | -9.7% | -4.1% | |
| Q4 2022 | +4.5% | +5.3% | -11.4% | |
| Q3 2022 | +1.3% | -4.9% | +5.8% | |
| Q2 2022 | -15.0% | -13.9% | -26.8% | |
| Q1 2022 | -6.5% | -2.4% | +4.4% | |
| Q4 2021 | +12.9% | +7.6% | +4.0% | |
| Q3 2021 | +10.5% | +6.6% | -1.0% | |
| Q2 2021 | -3.0% | -1.3% | +3.7% | |
| Q1 2021 | +5.4% | +3.0% | +25.0% | |
| Q3 2020 | +13.9% | +12.0% | +35.7% | |
| Q2 2020 | +0.1% | +1.0% | -14.0% | |
| Q1 2020 | +0.0% | -11.2% | +22.7% | |
| Q4 2019 | -2.2% | -6.9% | -54.7% | |
| Q3 2019 | +11.3% | +7.8% | +10.6% | |
| Q2 2019 | -7.6% | -7.0% | -30.3% | |
| Q1 2019 | -7.4% | -4.8% | -6.7% | |
| Q4 2018 | +4.6% | +9.2% | -9.2% | |
| Q3 2018 | -7.3% | -18.2% | -16.8% | |
| Q2 2018 | -6.2% | -6.2% | -0.4% | |
| Q1 2018 | -9.2% | -12.4% | -9.2% | |
| Q4 2017 | +6.1% | +5.1% | +4.2% | |
| Q3 2017 | +5.1% | +4.6% | +18.0% | |
| Q2 2017 | +4.2% | +0.5% | +1.9% | |
| Q1 2017 | +1.0% | +0.0% | +5.1% | |
| Q4 2016 | +3.4% | +8.7% | +4.2% | |
| Q3 2016 | -4.7% | +0.3% | +14.6% | |
| Q2 2016 | +9.7% | +6.8% | +6.6% | |
| Q1 2016 | -5.2% | — | — | |
| Q4 2015 | -9.4% | — | — | |
| Q3 2015 | -13.3% | — | — | |
| Q2 2015 | +7.7% | — | — | |
| Q1 2015 | +7.0% | — | — | |
| Q4 2014 | +15.5% | — | — | |
| Q3 2014 | +2.3% | — | — | |
| Q2 2014 | -5.8% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | -6.4% | — | — | |
| Q3 2013 | +2.6% | — | — | |
| Q2 2013 | +3.0% | — | — | |
| Q1 2013 | -4.2% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q4 2012 | +5.9% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q4 2011 | +10.4% | — | — | |
| Q2 2011 | +10.4% | — | — | |
| Q4 2010 | +10.4% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q1 2010 | -1.3% | — | — |
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