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Stock impact report

Interface Reports Fourth Quarter and Full Year 2023 Results

Interface, Inc. (TILE) 
Last interface, inc. earnings: 2/26 05:30 am Check Earnings Report
US:NASDAQ Investor Relations: interfaceglobal.com/investor-relations.aspx
Company Research Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter and full fiscal year ended December 31, 2023.Fourth quarter highlights:Net sales totaled $325.1 million, down 3.1% year-over-year.Gross profit margin increased to 37.9%, up 646 basis points year-over-year.GAAP earnings per share of $0.33; Adjusted earnings per share of $0.41.Generated $27.8 million of cash from operations, repaid $29.6 million of debt in the quarter.Fiscal Year:Net sales totaled $1,261.5 million, down 2.8% year-over-year.Gross profit margin increased to 35.0%, up 124 basis points year-over-year.GAAP earnings per share of $0.76; Adjusted earnings per share of $1.00.Generated $142.0 million of cash from operations, repaid $105.3 million of debt in the year.“Strong fourth quarter performance rounded out a solid year, reinforcing our confidence that our strategy is working. Education remai Show less Read more
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