NASDAQ$TILE

Interface Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported third quarter results, showing a decrease in sales but strong liquidity and debt repayment.

Interface, Inc. reported a decrease in net sales by 20% compared to the prior year period. However, the company maintained strong liquidity and repaid $43 million of debt during the quarter. The company also launched the world's first carbon negative carpet tile.

  • Strong liquidity of $378 million at quarter end.
  • GAAP earnings per share of $0.10; adjusted earnings per share of $0.28.
  • Cash generated by operating activities of $65 million.
  • Repaid $43 million of debt during the quarter.

Headline financials

Total Revenue

$279M

Previous: $348M-20.0%
EPS (adj)

$0.28

Previous: $0.47-40.4%
Gross Profit Margin

36.7%

Previous: 39.5%-7.1%
Adjusted Gross Profit Margin

37.2%

Previous: 39.9%-6.8%
Adjusted EBITDA

$37M

Previous: $56M-33.9%
Capital Expenditures

-$46.9M

Previous: -$53.9M+13.0%
Free Cash Flow

-$41M

Previous: -$27.7M-48.1%
Net Income

$5.91M

Previous: $26.2M-77.4%
Operating Income

$15.9M

Previous: $43.7M-63.6%
Gross Profit

$102M

Previous: $136M-24.7%
Cash & Equivalents

$104M

Previous: $85.2M+21.7%
Total Assets

$1.31B

Previous: $1.42B-8.3%

Revenue & EPS history

Interface · Revenue · Quarterly

$279M

Q3 2020-20%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Interface expects the fourth quarter to track similarly to the third quarter due to the continued disruption of the global economy due to COVID-19 and the significant level of uncertainty created by the global pandemic.

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 Q3 2020

Historical avgQ3 2020

+1.6%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.4%

Avg return

30 days after

61%

37 / 61 earnings

Positive

+34.5%

Q3 2024

Best reaction

-15.0%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-2.2%+9.1%
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%
Q2 2011+10.4%
Q4 2011+10.4%
Q4 2010+10.4%
Q1 2011+2.1%
Q1 2010-1.3%

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