Brief: Interface Reports Q4 Adjusted Earnings Per Share $0.27

Interface

02/03/2021 11:18

March 2 (Reuters) - Interface Inc  TILE.O :
    * INTERFACE REPORTS FOURTH QUARTER 2020 RESULTS
    * Q4 ADJUSTED EARNINGS PER SHARE $0.27
    * Q4 GAAP EARNINGS PER SHARE $0.33
    * Q4 EARNINGS PER SHARE ESTIMATE $0.25 -- REFINITIV IBES
DATA
    * Q4 SALES $277 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$278.8
MILLION
    * IN Q1 2021, CO ANTICIPATES NET SALES TO DECLINE BOTH
SEQUENTIALLY AND YOY DUE TO CUSTOMARY SEASONALITY
    * Q1 2021 ADJUSTED GROSS PROFIT PERCENTAGE ANTICIPATED TO BE
APPROXIMATELY 37% - 38%
    * CAPITAL EXPENDITURES ARE ANTICIPATED TO BE APPROXIMATELY
$30
MILLION FOR FULL YEAR 2021

Source text for Eikon:  ID:nPn39Cwwa 
Further company coverage:  TILE.O 

 ((Reuters.Briefs@thomsonreuters.com;))