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Interface misses Q3 revenue estimates, revises FY net sales outlook on soft Europe demand

By Reuters News


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


Reuters Recommended Reads

  • Nov 3 - Door and window maker JELD-WEN's Q3 revenue falls slightly more than expected on lower volumes

  • Nov 4 - Sweden's Nobia Q3 EBIT misses estimates as supply chain, ramp-up costs weigh

  • Nov 3 - Fortune Brands Q3 revenue misses estimates on execution issues


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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