Latest news with #Interface
Business Wire
4 days ago
- Business
- Business Wire
Interface Introduces Global Carpet Tile and LVT Collections Made for Timeless Interiors
ATLANTA--(BUSINESS WIRE)--Interface, Inc. (NASDAQ: TILE), the global flooring solutions company and leader in sustainability, today launched the Dressed Lines™ carpet tile and Lasting Impressions™ luxury vinyl tile (LVT) global collections. Both collections lean into the company's legacy of smart design, creating a complete design experience and bringing a modern lens to design classics with innovative patterns, constructions, and manufacturing processes. "Each offers a new perspective on tradition and a new chance to challenge the way we design and experience spaces." The Dressed Lines carpet tile collection is inspired by post-war modernism, reflected in its playful use of contrast and angular shapes. Lasting Impressions LVT offers a different take on timeless visuals, drawing on the traditional crafts of tatami and plaster artisans. These collections feature high-performing styles that connect to the past. 'Design is meant to tell a story. One that highlights nature, the human experience, and how we work, learn, and live together. That thinking inspired Dressed Lines and Lasting Impressions – two collections defined by distinct moments of the past that feel undeniably fresh today,' said Kelly Simcox, Head of Global Design at Interface. 'These collections are made for unmatched versatility, effortless coordination, and timeless interiors. They reflect the idea that modular flooring can be more and do more for our commercial spaces. Each offers a new perspective on tradition and a new chance to challenge the way we design and experience spaces.' Dressed Lines: Tailored and Timeless Dressed Lines is a fresh take on timeless designs, inspired by post-war modernism and 1950s fashion. It captures the essence of mid-century design, taking notes from pioneering designers like Anni Albers, Charles and Ray Eames, and Florence Knoll. The result is a tailored, crisp, and sharp collection, featuring sophisticated, small-scale, and high-contrast patterns made to reflect dress fabric. The collection features six styles with eight complementary color combinations ranging from warm neutrals to high-contrast accents. It includes: Goes Around™ and Comes Around™: The two foundational styles feature patterns that build on each other, bridging the gap between fashion and interiors with two distinct pinstripe looks reminiscent of formal wear. Both products are offered in 25 cm x 1 m formats. Angular Times™ and Accent Hour™: These products urge designers to go bolder, with angular patterns and pops of white accents that add extra dimension to the floorscape. They are offered in 25 cm x 1 m formats. Simple Does It™ and Positive Spin™: Both provide unmatched versatility, pairing texture and contrast with speckled and cubed designs made to round out interior spaces. These styles are available in 50 cm x 50 cm square formats. Dressed Lines, with its smart design, blends subtle, subdued patterns that work best in open areas with bolder, more complicated designs that emerge as the focal point in any space. It is also designed to coordinate effortlessly with the popular Third Space™ carpet tile collection that Interface launched in 2023. And with a low carbon footprint and superior performance benefits, the collection hits the highest marks for innovation, design, and climate progress. Lasting Impressions: A Fresh Take on Tradition The Lasting Impressions LVT collection captures the artisan aesthetic and elevates visuals of natural materials through bespoke detailing, celebrating irregularity and imperfection. With this collection, Interface meets the needs of today's commercial spaces, offering designers a woven-inspired LVT pattern with lots of visual texture and a plaster look designed to camouflage wear and tear. The collection includes two styles in a total of 12 traditional colorways – they are: Heirloom™: A new woven-inspired addition to Interface's LVT portfolio, it features visuals of tatami weaving – a fresh take on tradition. It is offered in a 25 cm x 1 m format in eight colorways. Plaster™: This style takes inspiration from hand-finishes and natural patinas, celebrating handmade irregularities. It is available in a 50 cm x 1 m format in four colorways. Lasting Impressions features Interface's Ceramor+® ceramic bead coating, which minimizes everyday scratching and scuffing and provides enhanced slip resistance. The collection is also part of Interface's 4.5 mm Sound Choice™ LVT offering, which silences distractions with backing for superior noise reduction, offering best-in-class impact sound reduction and floor-to-floor sound transmission. Design Without Compromise: Why Interface is Made for More With Dressed Lines and Lasting Impressions, Interface continues its commitment to creating flooring made with purpose and without compromise. This means that when designers partner with Interface, they receive more—more beautiful design, more high performance, and more sustainability. Both collections are available now and can be experienced in Interface showrooms and at leading design industry events globally. Dressed Lines and Lasting Impressions will be featured in Interface's Chicago showroom at 345 North Wells Street during NeoCon and Fulton Market Design Days. Attendees are invited to visit the space for a curated experience where flooring design and innovation are explored to spur creativity and excitement. The showroom features the new collections, plus products from FLOR ® and nora ® rubber flooring. Visitors can also learn about Interface's sustainability progress as the company works toward its goal to be carbon negative by 2040. To learn more about Interface and its portfolio of flooring solutions, visit About Interface Interface, Inc. (NASDAQ: TILE) is a global flooring solutions company and sustainability leader, offering an integrated portfolio of carpet tile and resilient flooring products that includes Interface® carpet tile and LVT, nora® rubber flooring, and FLOR® premium area rugs for commercial and residential spaces. Made with purpose and without compromise, Interface flooring brings more sophisticated design, more performance, more innovation, and more climate progress to interior spaces. A decades-long pioneer in sustainability, Interface remains 'all in' on becoming a restorative business. Today, the company is focusing on carbon reductions, not offsets, as it works toward achieving its verified science-based targets by 2030 and its goal to become a carbon negative enterprise by 2040.
Barnama
26-05-2025
- Politics
- Barnama
AIPA Pushes For Women, Youth Empowerment In ASEAN Nation-building
President of the ASEAN Inter-Parliamentary Assembly (AIPA), Tan Sri Johari Abdul addresses participants at the ASEAN Leaders' Interface With Representatives Of AIPA session in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre (KLCC) today. -- fotoBERNAMA (2025) COPYRIGHT RESERVED Dewan Rakyat Speaker Tan Sri Johari Abdul, who is also the 46th ASEAN Inter-Parliamentary Assembly (AIPA) president during a press conference after the ASEAN Leadersâ Interface With Representatives Of AIPA session in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre today. Also present secretary-general of AIPA Siti Rozaimeriyanty Abdul Rahman (left). KUALA LUMPUR, May 26 (Bernama) -- ASEAN Inter-Parliamentary Assembly (AIPA) president Tan Sri Johari Abdul have conveyed a strong and unified message on the need to enhance female and youth participation across various sectors to advance inclusive nation-building within ASEAN. He stressed that women and youth must be given greater space in leadership, politics and decision-making processes, as they are essential to building a sustainable and people-centred ASEAN. 'Alhamdulillah, in Malaysia, women's involvement is very encouraging in certain areas, particularly in the public sector's supporting services, where we have likely surpassed 50 per cent, and in the education sector as well,' he told reporters after ASEAN Leaders' Interface with Representatives of AIPA, held on the sidelines of the 46th ASEAN Summit here today. However, he noted that women remain underrepresented in other key fields, especially politics, and emphasised the need to empower young women to take on leadership roles. 'This is the area we want to push, so that the participation of young ladies becomes more active and prominent,' he said. Johari, who is the Dewan Rakyat Speaker, also called for greater empowerment of youth as future leaders, stressing that their aspirations must be meaningfully incorporated across all sectors, including politics, the economy, social development and education. He reaffirmed the shared commitment of ASEAN leaders and AIPA member parliaments to advancing a more inclusive, sustainable and people-centred regional community. Meanwhile, in a statement, the Office of the Speaker of the House of Representatives noted that Johari commended Prime Minister Datuk Seri Anwar Ibrahim's leadership as ASEAN Chair and emphasised the importance of strong collaboration between the executive and legislative branches in shaping regional policy. The statement also highlighted the need to strengthen parliamentary initiatives supporting the empowerment of women and youth, the acceleration of digital integration and the advancement of green and sustainable economic growth.
New Straits Times
26-05-2025
- Politics
- New Straits Times
Anwar: Aipa crucial to advancing Asean's next chapter
KUALA LUMPUR: The Asean Inter-Parliamentary Assembly (Aipa) should be further encouraged to enhance parliamentarians' understanding of Asean's mechanisms across member states, said Prime Minister Datuk Seri Anwar Ibrahim. As Asean advances into a new chapter of its community-building efforts, he said deeper engagement between Aipa and lawmakers would not only benefit national legislatures, but also strengthen regional cooperation and alignment on issues affecting the people. In his keynote address at the Asean Leaders' Interface with Aipa representatives today, Anwar said that Aipa had gone to great lengths during this session to address several key issues, including food security, climate change, digital transformation, and inclusive economic development. "On behalf of my counterparts, I wish to express our sincere appreciation for the initiatives undertaken, which will be of immense value not only to the House but also to its members and elected representatives," he said. "Every decision made by a parliament or congress has a significant impact on the direction of our nations. Many of my colleagues have also expressed the view that Aipa should be encouraged to provide greater exposure to our parliamentarians on Asean's inner workings." Anwar also said that, as Asean continues its community-building journey, Aipa would serve as a vital partner in realising the people's aspirations, advancing progress across the three core pillars, and enhancing Asean's resilience and readiness for future challenges. The 14th Asean-Aipa Interface offers a strategic platform to align regional priorities through inclusive, multi-stakeholder governance. Centred on the theme "Parliament at the Forefront for Inclusive Growth and a Sustainable Asean", the Interface highlights the critical role of parliamentary institutions in supporting Malaysia's Asean chairmanship agenda focused on inclusivity and sustainability.
Yahoo
16-05-2025
- Business
- Yahoo
TILE Q1 Earnings Call: Strategic Diversification and Order Growth Offset Macro Headwinds
Modular flooring manufacturer Interface (NASDAQ:TILE) met Wall Street's revenue expectations in Q1 CY2025, with sales up 2.6% year on year to $297.4 million. The company expects next quarter's revenue to be around $360 million, close to analysts' estimates. Its non-GAAP profit of $0.25 per share was 17.5% above analysts' consensus estimates. Is now the time to buy TILE? Find out in our full research report (it's free). Revenue: $297.4 million vs analyst estimates of $296.5 million (2.6% year-on-year growth, in line) Adjusted EPS: $0.25 vs analyst estimates of $0.21 (17.5% beat) Adjusted EBITDA: $37 million vs analyst estimates of $34.95 million (12.4% margin, 5.9% beat) The company slightly lifted its revenue guidance for the full year to $1.35 billion at the midpoint from $1.34 billion Operating Margin: 7.8%, in line with the same quarter last year Free Cash Flow Margin: 1.4%, down from 3% in the same quarter last year Market Capitalization: $1.22 billion Interface's first quarter results reflected continued momentum in the company's core Americas market, with management crediting the One Interface strategy and diversified product portfolio for steady demand. CEO Laurel Hurd emphasized growth in education and healthcare segments, noting that both categories posted double-digit gains. She also cited the expansion of the i2 carpet tile portfolio and new product launches as key enablers of this quarter's performance. Looking ahead, management's guidance is anchored by a healthy backlog and robust order trends entering the second quarter. Hurd expressed confidence in offsetting recently announced tariffs through pricing adjustments and productivity improvements, stating these factors have been incorporated into current forecasts. The company remains focused on strategic investments in global product management and supply chain capabilities to sustain long-term growth, even as macroeconomic uncertainty persists. Management attributed Q1 performance to targeted growth in high-potential segments and ongoing operational improvements. Key points from the call underscore the impact of specific initiatives and market trends: Diversification delivers growth: The company's expansion into education and healthcare segments resulted in double-digit billing increases, driven by modernization initiatives and demand for durable, sustainable flooring solutions in these markets. Product innovation pipeline: Appointment of a VP of Global Product Category Management aims to accelerate product innovation and align offerings more closely with customer needs, supporting longer-term growth. Regional performance mixed: Americas posted 6% currency-neutral sales growth, with particularly strong order momentum, while Europe, Australia, and Asia-Pacific saw softer results, except for double-digit growth in Asia. Localized manufacturing limited exposure to currency swings and tariffs. Tariff mitigation plans: Management addressed exposure to new U.S. tariffs on select imported products (nora rubber from Germany and LVT from South Korea), noting that these impact less than 15% of global product costs. Plans to offset costs through pricing and productivity are already reflected in guidance. Supply chain optimization: Investments in global procurement, automation, and robotics—especially in U.S. carpet tile manufacturing—are delivering productivity gains, with plans to extend these improvements to Europe and Australia to support future margin expansion. Management's outlook for the coming quarters is shaped by expectations of continued end-market diversification, proactive tariff mitigation, and productivity enhancements, while acknowledging ongoing global macroeconomic uncertainty. Sustained segment momentum: Growth in education and healthcare markets is expected to continue, underpinned by modernization trends and demographic shifts, providing a buffer against softness in other segments like corporate office. Tariff impact managed: Management anticipates minimal disruption from new tariffs, with incremental pricing and productivity initiatives offsetting higher input costs, though timing of these offsets will be closely monitored. Strategic investments continue: Ongoing investment in product management, innovation, and global supply chain capabilities is expected to drive operational efficiencies and support margin stability, even as the economic environment remains unpredictable. Brian Biros (Thompson Research Group): Asked how the One Interface strategy contributed to margin and SG&A outperformance. Management cited strong Americas growth and double-digit gains in healthcare and education, with combined selling teams driving success in all product categories. Alex Paris (Barrington Research): Requested details on geographic growth, particularly in EMEA and Asia-Pacific. Management reported double-digit sales growth in Asia, with Europe and Australia described as softer. Alex Paris (Barrington Research): Inquired about potential risks and opportunities in government-related business amid return-to-office mandates. Management noted the segment is small but saw growth in Q1, driven by both public building churn and return-to-work activity. David MacGregor (Longbow Research): Pressed for clarification on the timing of tariff cost pass-through versus pricing actions. Management stated that commission-based selling and existing inventory should help align timing of cost recovery. David MacGregor (Longbow Research): Asked about benefits and timing from new global product management and procurement roles. Management expects these roles to drive incremental long-term growth and productivity, with early signs already visible in supply chain efficiencies. In the quarters ahead, our analysts will be watching (1) whether education and healthcare segments maintain double-digit growth amid broader macro uncertainty, (2) the effectiveness and timing of tariff cost recovery through pricing and productivity, and (3) progress on global supply chain and product management initiatives. Execution in offsetting input cost inflation and sustaining backlog momentum will also be key markers for ongoing performance. Interface currently trades at a forward EV-to-EBITDA ratio of 7.6×. At this valuation, is it a buy or sell post earnings? Find out in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Office & Commercial Furniture Stocks Q1 Recap: Benchmarking Interface (NASDAQ:TILE)
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Interface (NASDAQ:TILE) and its peers. The sector faces a tepid outlook as workplace dynamics continue to evolve. Hybrid work means that enterprise demand for office furniture is lower. Consumer demand for the same products likely will not offset the loss from enterprises, as individual workers tend to have less space and need for the sector's wares. The Trump administration also possesses a high willingness to impose tariffs on key partners, which could result in retaliatory actions, all of which could pressure those selling furniture that may feature components or labor from overseas. Lastly, the COVID-19 pandemic showed that there is always a risk that something disrupts supply chains, and companies need contingency plans for this. The 4 office & commercial furniture stocks we track reported a strong Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 4% on average since the latest earnings results. Pioneering carbon-neutral flooring since its founding in 1973, Interface (NASDAQ:TILE) is a global manufacturer of modular carpet tiles, luxury vinyl tile (LVT), and rubber flooring that specializes in carbon-neutral and sustainable flooring solutions. Interface reported revenues of $297.4 million, up 2.6% year on year. This print was in line with analysts' expectations, and overall, it was a strong quarter for the company with a solid beat of analysts' EPS estimates and full-year revenue guidance slightly topping analysts' expectations. 'We delivered a solid start to the year, with currency-neutral net sales growth of 4% year-over-year. Strong momentum continued in the Americas, where net sales grew 6% and currency-neutral orders were up 10%, partially offset by a softer macro environment in EAAA. Global billings in both Healthcare and Education grew double digits demonstrating the power of our strategy that continues to diversify and strengthen our business,' commented Laurel Hurd, CEO of Interface. Interface scored the fastest revenue growth and highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 11.4% since reporting and currently trades at $20.96. Is now the time to buy Interface? Access our full analysis of the earnings results here, it's free. With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE:HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products. HNI reported revenues of $599.8 million, up 2% year on year, outperforming analysts' expectations by 3.3%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates. HNI pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 9.5% since reporting. It currently trades at $47.44. Is now the time to buy HNI? Access our full analysis of the earnings results here, it's free. Created through the 2021 merger of industry icons Herman Miller and Knoll, MillerKnoll (NASDAQ:MLKN) designs, manufactures, and distributes interior furnishings for offices, healthcare facilities, educational settings, and homes worldwide. MillerKnoll reported revenues of $876.2 million, flat year on year, falling short of analysts' expectations by 4.6%. It was a disappointing quarter with full-year revenue guidance missing analysts' expectations. MillerKnoll delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 4.1% since the results and currently trades at $17.59. Read our full analysis of MillerKnoll's results here. Founded in 1912 when metal office furniture was replacing wooden alternatives, Steelcase (NYSE:SCS) is a global office furniture manufacturer that designs and produces workplace solutions including desks, chairs, architectural products, and services. Steelcase reported revenues of $788 million, up 1.7% year on year. This result met analysts' expectations. Overall, it was an exceptional quarter as it also put up a solid beat of analysts' EPS estimates and an impressive beat of analysts' EPS guidance for next quarter estimates. The stock is flat since reporting and currently trades at $10.54. Read our full, actionable report on Steelcase here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
