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Interface Raised 2024 Net Sales Outlook To $1.30B-$1.32B (Prior$1.29B-$1.31B) Vs. $1.298B Consensus; Sees Adjusted Gross Margin Of ~36.0

Author: Benzinga Newsdesk | August 02, 2024 05:37am

For the full fiscal year 2024:

  • Net sales of $1.30 billion to $1.32 billion.
  • Adjusted gross profit margin of approximately 36.0%.
  • Adjusted SG&A expenses of approximately $342 million.
  • Adjusted Interest & Other expenses of approximately $27 million.
  • An adjusted effective tax rate for the full year of approximately 27.5%.
  • Fully diluted weighted average share count of approximately 58.7 million shares.
  • Capital expenditures of approximately $42 million.

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