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Interface (TILE)

Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. Interface helps its customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. With its mission, Climate Take Back™, Interface commits to operating in a way that is restorative to the planet and creates a climate fit for life.

Company profile

Ticker
TILE
Exchange
CEO
Daniel Hendrix
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
FLOR, Inc. • Interface Americas Holdings • Interface Americas, Inc. • Interface Asia-Pacific (HK) Ltd. • Interface Aust. Holdings Pty Limited • Interface Aust. Pty Limited • Interface Eurasia Holdings • Interface Europe • Interface Europe Investment B.V. • Interface Europe ...
IRS number
581451243

TILE stock data

Calendar

10 May 22
12 Aug 22
2 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 76.09M 76.09M 76.09M 76.09M 76.09M 76.09M
Cash burn (monthly) 7.05M 2.57M (no burn) (no burn) 5.9M (no burn)
Cash used (since last report) 30.36M 11.06M n/a n/a 25.39M n/a
Cash remaining 45.72M 65.03M n/a n/a 50.7M n/a
Runway (months of cash) 6.5 25.3 n/a n/a 8.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 22 Burke John Patrick Common Stock Grant Acquire A No No 0 8,442 0 58,495
17 May 22 Kohler K David Common Stock Grant Acquire A No No 0 8,442 0 84,495
17 May 22 Kilbane Catherine M Common Stock Grant Acquire A No No 0 8,442 0 39,012
17 May 22 Keough Joseph Common Stock Grant Acquire A No No 0 8,442 0 35,462
17 May 22 Dwight Audley Konrad Gibson Common Stock Grant Acquire A No No 0 8,442 0 35,462
13F holders Current Prev Q Change
Total holders 161 172 -6.4%
Opened positions 9 21 -57.1%
Closed positions 20 8 +150.0%
Increased positions 67 56 +19.6%
Reduced positions 52 55 -5.5%
13F shares Current Prev Q Change
Total value 1.87B 1.5B +24.6%
Total shares 56.91M 57.15M -0.4%
Total puts 61.2K 90.3K -32.2%
Total calls 55.8K 137.4K -59.4%
Total put/call ratio 1.1 0.7 +66.9%
Largest owners Shares Value Change
BLK Blackrock 9.5M $128.89M +0.1%
Vanguard 6.38M $86.58M +0.4%
Capital World Investors 4.72M $64.07M 0.0%
Barrow Hanley Mewhinney & Strauss 3.82M $51.87M -0.8%
Frontier Capital Management 3.72M $59.36M 0.0%
Frontier Capital Management 3.63M $49.29M -2.4%
Dimensional Fund Advisors 2.47M $33.51M +0.6%
STT State Street 2.03M $27.55M +2.5%
Wellington Management 1.48M $20.04M +4.0%
IVZ Invesco 1.38M $18.71M +18.4%
Largest transactions Shares Bought/sold Change
Acuitas Investments 0 -489.09K EXIT
IVZ Invesco 1.38M +214.55K +18.4%
State of New Jersey Common Pension Fund D 171.49K +171.49K NEW
Ceredex Value Advisors 130.08K +130.08K NEW
Arrowstreet Capital, Limited Partnership 0 -107.96K EXIT
Bridgeway Capital Management 158.5K -98.5K -38.3%
Verdad Advisers 90K -90.08K -50.0%
Frontier Capital Management 3.63M -89.74K -2.4%
HighTower Advisors 0 -88.67K EXIT
Renaissance Technologies 27.04K -83.84K -75.6%

Financial report summary

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Competition
Armstrong Flooring
Risks
  • The conflict between Russia and Ukraine could adversely affect our business, results of operations and financial position.
Management Discussion
  • For 2021, our consolidated net sales increased $97.1 million (8.8%) compared to 2020, comprised of higher sales volumes (approximately 5.1%) and higher prices (approximately 3.7%). Fluctuations in currency exchange rates had a positive impact on our year-over-year consolidated sales comparison of approximately $23.9 million, meaning that if currency levels had remained constant year over year our 2021 sales would have been lower by this amount. On a market segment basis, the sales increase was most significant in non-corporate office market segments including retail, education and healthcare. See the segment results discussion below for additional information on market segments.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: alternative, appeal, attack, benchmark, broader, China, Circuit, conflict, context, cumulative, cyberattack, entered, evolving, factor, fuel, fund, gas, geopolitical, Germany, half, heightening, imposed, inflation, inflationary, infrastructure, input, instability, key, Kingdom, maintain, minimum, oil, outcome, political, procure, ransom, rely, retaliatory, Russia, Russian, subsequent, substantial, successor, supplier, targeting, technology, terrorist, therefrom, tile, Ukraine, unfavorable, volatility, war, weakening
Removed: acquisition, allocated, amending, annually, application, applied, ASC, ASU, beginning, Board, broad, charge, clarifying, closely, collaborate, collect, comparison, conform, consist, consistent, criteria, decline, discontinuation, enacted, exit, experienced, Facilitation, FASB, flow, forfeiture, franchise, home, hospitality, impaired, integration, Interbank, intraperiod, involved, largely, London, mental, method, Offered, optional, payable, physical, positively, prepaid, produce, productivity, prolonged, reach, realignment, recognition, removing, residential, restated, retail, shelter, simplify, Simplifying, size, standard, taxing, timing, Topic, transportation, unchanged, unit, work, workforce

Patents

Utility
Digital Printing For Flooring And Decorative Structures
6 Jan 22
Certain aspects and features relate to using an image modifier to generate digital designs and to printing the digital designs on a structure for flooring or other decoration that can more realistically mimic designs found in nature or otherwise provide designers with the freedom to create aesthetic designs more easily.
Utility
Digital printing for flooring and decorative structures
21 Dec 21
Certain aspects and features relate to using an image modifier to generate digital designs and to printing the digital designs on a structure for flooring or other decoration that can more realistically mimic designs found in nature or otherwise provide designers with the freedom to create aesthetic designs more easily.
Utility
Wireless Load Cell Monitoring System and Method
18 Nov 21
A wireless load cell monitoring system and method may comprise a remote load cell assembly and a base station.
Utility
Digital printing for flooring and decorative structures
19 Oct 21
Certain aspects and features relate to using an image modifier to generate digital designs and to printing the digital designs on a structure for flooring or other decoration that can more realistically mimic designs found in nature or otherwise provide designers with the freedom to create aesthetic designs more easily.
Reissue
Border, edge or pattern carpet tile design, manufacture and installation
4 May 21
Design and manufacture of tufted articles, carpet tile webs and carpet tiles, and installation of carpet tiles, having different color, pile height, pile texture or other characteristics that, together with similar other such tiles, may be installed to create borders, edges or other multiple-tile designs, usually without any of the tiles looking out of place or improperly oriented relative to nap or the direction the tile is “facing.”