NASDAQ$TILE

Interface Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported solid results with sales growth and debt reduction.

Interface, Inc. reported a 12% increase in net sales to $313 million and GAAP earnings per share of $0.19 for the third quarter ended October 3, 2021. The company also reduced its debt by $30 million and saw a 24% increase in orders compared to the same quarter last year.

  • Q3 2021 orders increased 24% year over year compared to Q3 2020.
  • Net sales totaled $313 million, up 12% year over year compared to Q3 2020.
  • Q3 2021 GAAP earnings per share of $0.19; Q3 2021 adjusted earnings per share of $0.29.
  • Debt paydown continues to be strong with $30 million of debt repaid in the third quarter.

Headline financials

Total Revenue

$313M

Previous: $279M+12.2%
EPS (adj)

$0.29

Previous: $0.28+3.6%
Capital Expenditures

-$17.4M

Previous: -$46.9M+62.9%
Free Cash Flow

-$6.45M

Previous: -$41M+84.3%
Net Income

$11M

Previous: $5.91M+85.3%
Operating Income

$24.8M

Previous: $15.9M+56.0%
Gross Profit

$106M

Previous: $102M+4.1%
Cash & Equivalents

$92.8M

Previous: $104M-10.5%
Total Assets

$1.29B

Previous: $1.31B-1.3%

Revenue & EPS history

Interface · Revenue · Quarterly

$313M

Q3 2021+12.2%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The Company is anticipating net sales in the fourth quarter of 2021 of $320 million to $330 million and adjusted gross profit percentage in the fourth quarter of 2021 of approximately 35.5% to 36.5%.

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 2021

Historical avgQ3 2021

+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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