Quarterly ResultMay 12, 2026, 04:07 PM
Interface Q1 Net Income +81.5% to $23.6M; EPS $0.40
AI Summary
Interface Inc. reported strong first-quarter 2026 results with net income increasing 81.5% to $23.6 million, or $0.40 per diluted share, compared to the prior year. Net sales rose 11.3% to $331.0 million, driven by higher sales volume, an extra week in the quarter, and positive currency exchange rates. Operating income also saw a significant increase of 39.2% to $32.3 million, primarily due to higher gross profit margin and lower manufacturing costs in EAAA. The company repurchased $12.0 million of common stock during the quarter.
Key Highlights
- Net income increased 81.5% to $23.6 million from $13.0 million year-over-year.
- Diluted EPS rose 81.8% to $0.40 from $0.22 compared to the prior year.
- Net sales grew 11.3% to $331.0 million from $297.4 million year-over-year.
- Operating income increased 39.2% to $32.3 million from $23.2 million year-over-year.
- Cash provided by operating activities was $13.5 million, up from $11.7 million.
- Repurchased 460,882 shares of common stock for $12.0 million.
- Americas (AMS) net sales increased 8.7% to $195.7 million.
- Europe, Africa, Asia & Australia (EAAA) net sales increased 15.2% to $135.4 million.
Price Impact
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