Interface Sees Q3 Net Sales Of $330M-$340M Vs. $326.152M Est. And Adjusted Gross Margin Of ~36%
Portfolio Pulse from Benzinga Newsdesk
Interface Inc. (TILE) has announced its Q3 2024 financial projections, expecting net sales between $330 million and $340 million, an adjusted gross profit margin of approximately 36%, adjusted SG&A expenses of around $86 million, and adjusted interest & other expenses of about $7 million. The fully diluted weighted average share count is projected to be approximately 58.7 million shares.
August 02, 2024 | 9:35 am
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Interface Inc. (TILE) has provided its Q3 2024 financial projections, with net sales expected between $330 million and $340 million, and an adjusted gross profit margin of approximately 36%. Adjusted SG&A expenses are projected to be around $86 million, and adjusted interest & other expenses about $7 million. The fully diluted weighted average share count is expected to be approximately 58.7 million shares.
The positive financial projections for Q3 2024, including higher net sales and a solid gross margin, are likely to boost investor confidence and positively impact TILE's stock price in the short term.
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