Brief: Interface Q1 Adjusted Earnings Per Share $0.14

Interface

24/04/2019 21:02

April 24 (Reuters) - Interface Inc  TILE.O :
    * INTERFACE REPORTS FIRST QUARTER 2019 RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $0.14
    * Q1 EARNINGS PER SHARE ESTIMATE $0.11 -- REFINITIV IBES
DATA
    * Q1 EARNINGS PER SHARE $0.12
    * Q1 SALES $298 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$300.2
MILLION
    * SEES 2019 TOTAL NET SALES GROWTH, INCLUDING NORA, OF 14 -
16%,
WHICH INCLUDES 200 BASIS POINTS OF CURRENCY HEADWINDS
    * SEES 2019 ORGANIC SALES GROWTH FROM CARPET AND LVT OF 2% -
4%
    * SEES 2019 ADJUSTED GROSS PROFIT MARGIN OF 40 - 40.5%
    * CAPITAL EXPENDITURES FOR FULL YEAR ARE FORECASTED TO BE
$65
MILLION TO $75 MILLION.

Source text for Eikon:  ID:nPn3LzP0ca 
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