WASHINGTON (dpa-AFX) - (Adds Outlook)
Interface Inc. (TILE) revealed earnings for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $16.82 million, or $0.28 per share. This compares with $15.51 million, or $0.26 per share, in last year's second quarter.
Excluding items, Interface Inc. reported adjusted earnings of $21.1 million or $0.36 per share for the period.
Analysts on average had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.6% to $346.61 million from $294.79 million last year.
Outlook:
For the next quarter, the firm expects net sales of $325 million to $345 million.
For full-year, Interface anticipates net sales to be in the range of $1.3 billion - $1.325 billion, and capital expenditure of around $30 million.
Interface Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $16.82 Mln. vs. $15.51 Mln. last year. -EPS (Q2): $0.28 vs. $0.26 last year. -Analyst Estimate: $0.32 -Revenue (Q2): $346.61 Mln vs. $294.79 Mln last year.
-Guidance: Next quarter revenue guidance: $325 - $345 Mln Full year revenue guidance: $1.3 - $1.325 Bln
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
