New insider activity at Interface ( (TILE) ) has taken place on March 6, 2025.
Director Daniel Hendrix recently executed a significant transaction by selling 7,500 shares of Interface stock, amounting to a total value of $149,625. This move has caught the attention of market watchers, as insider transactions often provide insights into the company’s future prospects.
Recent Updates on TILE stock
Interface Inc. recently reported strong financial results for Q4 and the full year of 2024, driven by the successful implementation of its One Interface strategy, which led to significant growth in the Americas. The company achieved a 4.3% increase in net sales year-over-year and nearly doubled its GAAP earnings per diluted share. Operational efficiency improvements through automation and debt reduction efforts were highlighted as key achievements. However, challenges were noted in the EAAA region due to a softer macroeconomic environment, and a decline in the Corporate Office segment was observed. Interface’s commitment to sustainability was recognized with a top honor in the Reuters 2024 Sustainability awards. Looking forward, the company provided guidance for 2025, expecting net sales between $1.315 billion and $1.365 billion, with a focus on further automation and efficiency improvements. The company also anticipates a negative impact from currency fluctuations due to the strong U.S. dollar.
More about Interface
YTD Price Performance: -21.70%
Average Trading Volume: 534,115
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.09B