Filing Flows › Interface (TILE) › Q1 2025
Interface (TILE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Interface (TILE) reported revenue of $297M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -11% from the quarter before. Operating margin was 7.8%, net earnings $13.0M (4.4% of revenue).
Interface, Q1 2025: revenue $297M (+3% year over year), operating margin 7.8%, net earnings $13.0M, operating cash flow $11.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $297M | -11% | +3% |
| Gross profit | $111M | -9% | +0.5% |
| Operating profit | $23.2M | -22% | -5% |
| Net earnings | $13.0M | -40% | -8% |
| Operating cash flow | $11.7M | -69% | -7% |
| Free cash flow | $4.3M | -82% | -50% |
What changed
Revenue was $297.4M in Q1 2025, up 3% year over year and down 11% from the previous quarter.
Gross margin was 37.3%, down 0.8 points from a year earlier. Operating profit was $23.2M, a 7.8% margin (down 0.6 points year over year). Operating profit fell $1.2M even though revenue rose $7.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 3%. Net earnings were $13.0M, down 8% year over year. The effective tax rate was 24.0%.
Operating cash flow was $11.7M (down 7% year over year), 90% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $14.8M. Capital expenditures of $7.5M left free cash flow of $4.3M.
Questions
What was Interface's revenue in the first quarter 2025?
Interface (TILE) reported revenue of $297M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -11% from the quarter before.
Was Interface profitable in the first quarter 2025?
Operating profit was $23.2M (7.8% of revenue) and net earnings $13.0M.
Source: Interface 10-Q on SEC EDGAR.