Interface Posts Record Margins, But One Big Question Looms

Earnings
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Summary · why it matters

Interface reported second-quarter results that beat expectations on nearly every line, though one detail complicates the picture. Net sales climbed to $395.7 million, up 5.4% as reported, while adjusted EPS jumped 47% to $0.88. Backlog was up 22% year-to-date. A closer look at the results shows that not all of this quarter's profit came from operational improvement.

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Interface Inc
TILE
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Record margins and strong EPS beat expectations, though one detail complicates the picture.