Interface misses Q3 revenue estimates, revises FY net sales outlook on soft Europe demand
Overview
Flooring products maker's Q3 revenue rose 0.6% but missed analyst expectations
Adjusted EPS for Q3 increased 11.5% and beat analyst expectations
Company reaffirmed full-year earnings guidance but lowered sales outlook on softer Europe demand
Outlook
Interface revises 2026 net sales outlook to $1.440-$1.455 bln from $1.455-$1.485 bln
Company reaffirms full-year 2026 earnings guidance
Company cites softer conditions in Europe impacting sales outlook
Result Drivers
PORTFOLIO STRENGTH - Co said diversified portfolio and One Interface strategy drove Q3 results
MARGIN EXPANSION - Adjusted gross profit margin rose due to favorable pricing, product mix and manufacturing efficiencies, partially offset by higher raw material and tariff costs
SOFT EUROPE DEMAND - Co said momentum in Americas and execution offset softer conditions in EMEA
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $366.70 mln | $377.60 mln (4 Analysts) |
Q3 Adjusted EPS | Beat | $0.68 | $0.62 (4 Analysts) |
Q3 EPS | $0.67 | ||
Q3 Net Income | $39.20 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)