Interface Inc. (TILE) has announced its second-quarter earnings, showcasing an increase from last year and surpassing Wall Street expectations.
The company reported a net income of $22.558 million, or $0.38 per share, compared to $15.797 million, or $0.27 per share, in the same quarter last year.
Excluding special items, Interface Inc. posted adjusted earnings of $23.6 million, or $0.40 per share, for the period. Analysts, on average, had projected earnings of $0.28 per share, according to Thomson Reuters. Such estimates typically exclude special items.
Revenue for the quarter climbed 5.2% to $346.635 million, up from $329.582 million a year ago.
A brief overview of Interface Inc.'s earnings (GAAP) for the second quarter:
- Net Income: $22.558 million, up from $15.797 million last year.
- Earnings Per Share (EPS): $0.38, compared to $0.27 last year.
- Revenue: $346.635 million, an increase from $329.582 million last year.
### Guidance
- Next Quarter Revenue: Estimated between $330 million and $340 million.
- Full Year Revenue: Projected between $1.30 billion and $1.32 billion.
