Shares of Interface (NASDAQ: TILE), a global commercial flooring company, surged 5.62% in pre-market trading on Friday following the release of its impressive third-quarter earnings report and raised full-year guidance. The company's strong performance and positive outlook have boosted investor confidence, driving the stock higher.
Interface reported adjusted earnings per share of $0.61 for the third quarter, significantly beating the analyst consensus estimate of $0.48. This represents a 27.08% increase compared to the same period last year. The company's net sales for the quarter reached $364.5 million, surpassing the analyst expectations of $358.187 million and marking a 5.88% year-over-year increase.
The strong results were attributed to Interface's successful implementation of its ONE INTERFACE strategy, which drove growth by enhancing global functions, empowering local teams, and streamlining operations. The company saw increased sales in both the Americas and EAAA regions, with notable growth in the Healthcare and Corporate Office segments. Additionally, Interface's gross profit margin expanded by 233 basis points, thanks to favorable pricing, product mix, and manufacturing efficiencies. In light of these strong results, Interface raised its full-year 2025 net sales guidance to a range of $1.375 billion to $1.390 billion, up from its previous outlook of $1.37 billion to $1.39 billion.