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Interface(TILE) - 2025 Q1 - Earnings Call Presentation
2025-05-02 11:32
Company Overview - Interface reported net sales of $1.3 billion in FY2024 [9] - The company has a global presence with 6 manufacturing locations on 4 continents [9] - Americas accounted for 61% of net sales, EMEA 28%, and APAC 11% [14] - Corporate office segment represents 46% of revenue, Education 20%, Healthcare 10%, and Other 24% [15] Financial Performance - Q1 2025 net sales were $297.4 million, a 2.6% increase year-over-year [56, 57] - Currency neutral net sales in Q1 2025 were $301.7 million, a 4.1% increase year-over-year [55, 70] - Adjusted operating income for Q1 2025 was $25.5 million, representing 8.6% of net sales [55, 57] - Adjusted diluted earnings per share for Q1 2025 was $0.25 [55, 57] - Adjusted EBITDA for the last twelve months (LTM) was $187 million, or 14.1% of net sales [55] Market Position and Strategy - The total global commercial flooring market is estimated at $39 billion, with Interface serving a $9+ billion market [36] - Interface is a global share leader in the $5 billion carpet tile segment [38] - The company is a leader in the high-growth $3 billion LVT segment [38]