Interface, Inc. is targeting growth in the commercial flooring market through its One Interface global operating model, focused product portfolio, and emphasis on design, performance, and sustainability, according to CFO Bruce Hausmann at an investor conference. The company, which serves more than 100 countries and generates about $1.4 billion in annual revenue, with 98% from commercial customers, estimates its addressable commercial flooring market at more than $9 billion, a portion of the global industry estimated at about $39 billion. Hausmann said Interface is gaining share in corporate office, healthcare, and education, particularly in Class A properties and facilities undergoing refresh projects, and is investing $25 million to support growth while expanding margins through manufacturing and operating efficiencies. With net debt at just 0.5 times EBITDA, management says it can balance reinvestment, selective acquisitions, dividends, and share repurchases.
Interface IncInvesting $25M to support growth while expanding margins via manufacturing/operating efficiencies, with 0.5x net debt enabling reinvestment, acquisitions, dividends, and buybacks.
