Interface Reports Fourth Quarter 2020 Results
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ATLANTA, March 2, 2021 /PRNewswire/ Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter ended January 3, 2021.
Quarterly Highlights:
Strong liquidity of $398 million at quarter end comprised of $103 million in cash and $295 million of availability under the revolving credit facility.
Q4 2020 GAAP earnings per share of $0.33; Q4 2020 adjusted earnings per share of $0.27.
Cash generated by operating activities of $22 million in Q4 2020. We continued to generate solid cash flow during the fourth quarter, despite operating in a soft demand environment due to the COVID-19 pandemic. We are encouraged by the accelerated pace of vaccinations globally and remain hopeful that people can return to a sense of normalcy, said Dan Hendrix, Chairman and CEO of Interface. Selling a
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ATLANTA, March 2, 2021 /PRNewswire/ Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter ended January 3, 2021.
Quarterly Highlights:
Strong liquidity of $398 million at quarter end comprised of $103 million in cash and $295 million of availability under the revolving credit facility.
Q4 2020 GAAP earnings per share of $0.33; Q4 2020 adjusted earnings per share of $0.27.
Cash generated by operating activities of $22 million in Q4 2020. We continued to generate solid cash flow during the fourth quarter, despite operating in a soft demand environment due to the COVID-19 pandemic. We are encouraged by the accelerated pace of vaccinations globally and remain hopeful that people can return to a sense of normalcy, said Dan Hendrix, Chairman and CEO of Interface. Selling activity has increased in recent weeks including a growing number of engagemen