Interface Inc. (TILE) announced earnings for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $22.558 million, or $0.38 per share. This compares with $15.797 million, or $0.27 per share, in last year's second quarter.
Excluding items, Interface Inc. reported adjusted earnings of $23.6 million or $0.40 per share for the period.
Analysts on average had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.2% to $346.635 million from $329.582 million last year.
Interface Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $22.558 Mln. vs. $15.797 Mln. last year.
-EPS (Q2): $0.38 vs. $0.27 last year.
-Revenue (Q2): $346.635 Mln vs. $329.582 Mln last year.
-Guidance:
Next quarter revenue guidance: $330 to $340 Mln
Full year revenue guidance: $1.30 to $1.32 Bln
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