Trade Interface Inc - TILE CFD

Interface Company profile

About Interface, Inc.

Interface Inc. is a global flooring company. The Company is engaged in designing, production and selling of modular carpet, carpet tile, and resilient flooring, including luxury vinyl tile (LVT) and rubber flooring. It markets its modular carpet under the brand names Interface and FLOR, and its market LVT under the brand Interface. The Company produces carpet tiles in a range of colors, patterns, textures, pile heights and densities. These varieties are designed to meet both the practical and aesthetic needs of commercial interiors. The Company offers a category of products, namely modular resilient flooring, and its product includes LVT. LVT shares many of the same attributes and benefits as carpet tile. It offers rubber flooring products under the noraplan and norament brands, which includes in the Company’s resilient flooring portfolio. It sells its antimicrobial chemical compound and TacTiles carpet tile installation system.

Financial summary

BRIEF: For the fiscal year ended 02 January 2022, Interface, Inc. revenues increased 9% to $1.2B. Net income totaled $55.2M vs. loss of $71.9M. Revenues reflect Europe segment increase of 56% to $549.2M, Americas segment increase of 10% to $651.2M. Net Income reflects Goodwill and Intangible Asset Impairment decrease from $121.3M (expense) to $0K, COVID-19 Restructuring Charges & Prov decrease of 72% to $3.6M (expense).

Equity composition

Common Stock A $.10 Par, 03/11, 80M auth., 57,663,035 issd. Insiders & strategic holders own 2.36%. Common Stock B $0.10 Par, 03/11, 40M auth., 8,298,433 issd. Insiders own 55.99%. 4/87, 3.2M shares @ $21.25 by Robinson Humphrey. PO: 4/98, 3,450,000 shares @ $40.75 by Salomon Smith Barney. 6/98, 9/97, 2-for-1 stock splits.

1280 West Peachtree St. Nw
ATLANTA
GEORGIA 30309
US