
Interface Raises Outlook After Strong First-Quarter Results

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Interface (TILE) reported strong first-quarter results, with net sales up 11.3% year-over-year to $331 million and GAAP earnings per diluted share at $0.40. Adjusted earnings rose 64% to $0.41, prompting management to raise full-year guidance. The company improved its adjusted gross profit margin and EBITDA by 55 basis points and 26.3%, respectively. Despite increased SG&A expenses, Interface maintained cost discipline and a low net leverage ratio of 0.6x. Analysts rate TILE stock as a Buy with a $36.00 price target, reflecting solid financial performance and a positive earnings outlook.
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