Company profile

Ticker
TILE
Exchange
CEO
Daniel T. Hendrix
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
581451243

TILE stock data

(
)

Calendar

12 May 20
15 Jul 20
3 Jan 21

News

Company financial data Financial data

Quarter (USD) Apr 20 Dec 19 Sep 19 Jun 19
Revenue 288.17M 339.48M 348.35M 357.51M
Net income -102.17M 16.43M 26.21M 29.5M
Diluted EPS -1.75 0.28 0.45 0.5
Net profit margin -35.45% 4.84% 7.52% 8.25%
Operating income -93.51M 27.95M 43.68M 42.89M
Net change in cash -8.65M -3.91M 956K 17.28M
Cash on hand 72.65M 81.3M 85.21M 84.26M
Cost of revenue 173.86M 203.78M 212.59M 218.92M
Annual (USD) Jan 17 Jan 16 Jan 12 Jan 11
Revenue 958.62M 1B 953.05M 862.31M
Net income 54.16M 72.42M 38.72M 9.33M
Diluted EPS 0.83 1.1 0.59 0.13
Net profit margin 5.65% 7.23% 4.06% 1.08%
Operating income 87.15M 113.59M 85.7M 93.11M
Net change in cash 89.98M 25.07M -18.6M
Cash on hand 165.67M 75.7M 50.62M 69.23M
Cost of revenue 589.97M 618.97M 618.3M 549.18M

Financial data from Interface earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
26 May 20 Sheryl Palmer Common Stock Grant Aquire A No 0 15,508 0 33,456
26 May 20 Burke John Patrick Common Stock Grant Aquire A No 0 15,508 0 42,506
26 May 20 Dwight Audley Konrad Gibson Common Stock Grant Aquire A No 0 15,508 0 19,473
26 May 20 Kennedy Christopher G Common Stock Grant Aquire A No 0 15,508 0 152,229
26 May 20 Kilbane Catherine M Common Stock Grant Aquire A No 0 15,508 0 23,023
89.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 164 177 -7.3%
Opened positions 16 29 -44.8%
Closed positions 29 23 +26.1%
Increased positions 69 56 +23.2%
Reduced positions 44 58 -24.1%
13F shares
Current Prev Q Change
Total value 1.42B 2.36B -39.9%
Total shares 52.23M 53.26M -1.9%
Total puts 15.5K 500 +3000.0%
Total calls 30K 34.4K -12.8%
Total put/call ratio 0.5 0.0 +3454.7%
Largest owners
Shares Value Change
BLK BlackRock 8.6M $65.04M -3.9%
Vanguard 6.29M $47.53M +0.1%
Frontier Capital Management 4.36M $32.98M -0.6%
IVZ Invesco 3.15M $23.8M +12.6%
Dimensional Fund Advisors 2.72M $20.54M -0.7%
WHG Westwood 2.01M $15.21M +8.0%
STT State Street 1.83M $13.93M +4.4%
LSV Asset Management 1.81M $13.7M +149.6%
BK Bank Of New York Mellon 1.47M $11.13M +32.5%
Deprince Race & Zollo 1.29M $9.72M +17.1%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.21M EXIT
LSV Asset Management 1.81M +1.09M +149.6%
Ariel Investments 0 -1.08M EXIT
Ceredex Value Advisors 0 -609.49K EXIT
Peregrine Capital Management 0 -424.79K EXIT
BK Bank Of New York Mellon 1.47M +360.81K +32.5%
IVZ Invesco 3.15M +353.11K +12.6%
BLK BlackRock 8.6M -352.53K -3.9%
Brandywine Global Investment Management 210.64K +210.64K NEW
Deprince Race & Zollo 1.29M +187.91K +17.1%

Financial report summary

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Risks
  • The COVID-19 pandemic could have a material adverse effect on our ability to operate, our ability to keep employees safe from the pandemic, our results of operations, financial condition, liquidity, capital investments, our near term and long term ability to stay in compliance with debt covenants under our Syndicated Credit Facility, our ability to refinance our existing indebtedness, and our ability to obtain financing in capital markets.
  • Future earnings could be negatively impacted by additional goodwill, intangible assets and property, plant and equipment impairments.
  • We face risks associated with litigation and claims.
Management Discussion
  • Below is information regarding our net sales, and analysis of those results, for the three-month periods ended April 5, 2020, and March 31, 2019, respectively.
  • For the quarter ended April 5, 2020, net sales decreased $9.5 million (3.2%) versus the comparable period in 2019. The sales decline was partially due to the impact of the COVID-19 pandemic as discussed above. Currency fluctuations had an approximately $4.9 million (1.6%) negative impact on first quarter 2020 sales compared to the first quarter of 2019. This currency impact was mostly due to the weakening of the Euro, British Pound sterling and Australian dollar against the U.S. dollar. On a geographic basis, sales in the Americas decreased 1.6%, Europe increased 1.8% and Asia-Pacific decreased 19.6%. The sales decrease in the Americas was due primarily to lower carpet tile sales that were partially offset by growth in luxury vinyl tile (“LVT”) sales. The sales decrease in the Americas was seen in the retail, healthcare and leisure market segments, partially offset by increases in the office, hospitality, residential and transportation market segments. The sales increase in Europe was due primarily to growth in LVT and rubber flooring products, offset by the weakening of the Euro. On a market segment basis, the sales increase in Europe was most significant in the leisure and transportation market segments, partially offset by declines in the retail and public buildings market segments. The sales decrease in Asia-Pacific was primarily due to the impact of COVID-19 shutdowns in China and the weakening of the Australian dollar. On a market segment basis, the sales decrease in Asia-Pacific was most significant in the healthcare, retail, public buildings and transportation market segments.
  • For the quarter ended April 5, 2020, cost of sales decreased $7.3 million (4.0%) compared to the first quarter of 2019. Cost of sales also includes the amortization of acquired intangible assets of $1.3 million and $1.9 million for the first quarters of 2020 and 2019, respectively. Currency translation had an approximately $4.2 million (2.3%) positive impact on the year-over-year comparison.  As a percentage of sales, our cost of sales decreased to 60.3% for the first quarter of 2020 versus 60.9% for the first quarter of 2019.
Content analysis ?
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