Shares of Interface Inc. (NASDAQ: TILE), a leading flooring solutions provider, surged 11.71% in pre-market trading on Wednesday, February 26, 2025. The stock's rally came after the company reported robust fourth-quarter and full-year 2024 financial results, fueled by strong execution of its "One Interface" strategy and an upbeat outlook for 2025.
For the fourth quarter, Interface posted net sales of $335 million, a 3% increase over the same period in 2023. The company's currency-neutral net sales grew by 3.4%, driven by a 9.6% year-over-year increase in the Americas region. Despite margin pressures, Interface delivered adjusted earnings per share of $0.34, exceeding analysts' expectations.
The full-year 2024 results were equally impressive, with net sales reaching $1.32 billion, a 4.3% increase from the previous year. Interface's "One Interface" strategy, which combined the selling teams of NORA and Interface, paid off with double-digit order growth in the Americas. The company also saw strong performance in the education and healthcare segments, capitalizing on favorable market trends.
Looking ahead to 2025, Interface expects to continue outperforming the industry, driven by further execution of its strategic initiatives and new product launches. The company forecasts net sales between $1.315 billion and $1.365 billion, with an adjusted gross profit margin of approximately 37.2% to 37.4%.
"We enter 2025 with strong momentum and expect this to be another year of growth and margin expansion," said Laurel Hurd, CEO of Interface. "Our 'One Interface' strategy is delivering accelerated results, and we are excited about our product pipeline that will demonstrate our design and sustainability leadership."
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