TILE - Interface reports Q2 earnings miss; updates FY22 guidance and issues Q3 outlook

• Interface press release ( NASDAQ: TILE ): Q2 Non-GAAP EPS of $0.36 beats by $0.04 .
• Revenue of $347M (+17.6% Y/Y) misses by $10.7M .
• "Continued strong demand for our carbon neutral and carbon negative products drove a 10% year-over-year increase in backlog, highlighting our established leadership in design and sustainability," said Laurel Hurd, CEO of Interface.
• In the second quarter of 2022, adjusted EBITDA was $49.0M.
• For the third quarter of 2022 :Net sales of $325 million to $345 million vs. consensus of $337.67M; Adjusted gross profit margin of approximately 33.5%. An adjusted effective tax rate of approximately 28%

• For the full fiscal year 2022 : Net sales of $1.3 billion to $1.325 billion vs. consensus of $1.34B; Adjusted gross profit margin of 34.5% to 35.0%. An adjusted effective tax rate of approximately 28%. Capital expenditures of approximately $30 million.

For further details see: