IFSIA reports Quarter 1 earnings, sees rise in revenues

Interface, Inc. (NASDAQ:IFSIA) has a Market Price of 18.69, Change: +0.05, % Change: (0.27%). Shares trade in the range of 18.62 – 18.89 dollars. It has a market capitalization of 1.35B dollars and has 71.99M outstanding shares. The company has a beta of 2.4, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.26; P/E of 73. It operates in Consumer Cyclical sector and belongs to Textiles – Non Apparel industry. Organization is engaged in the design, production and sales of modular carpet, and a manufacturer, marketer and service provider of other floor-covering products for the commercial, institutional and residential markets. The company has a 52 week high of $ 19.51 and a 52 week low of $ 10.09. Average volumes of shares traded daily are 263,819.00. Volume traded in the last session was at 8,430.00, 0.03 times the average volume.

Company reports:

·         Q1 (Mar) earnings of $0.15 per share, may not be comparable to the Thomson Reuters consensus of $0.16

·         Revenues rose 13.0% year/year to $245.4 million vs the $241.7 million consensus.

Company States: “Demand trends remained strong during our seasonally weakest quarter, and we generated double-digit growth in orders in what remains a challenging, but steadily improving, market environment. Furthermore, operational efficiencies led to the expansion of our overall gross profit margin by over 160 basis points compared to the first quarter last year. Looking ahead to the remainder of 2011, we are encouraged by current market activity and are continuing to invest in our business in order to capture market share. While the economic outlook remains somewhat uncertain, we are seeing the benefits of our investments in people and technology, and we look forward to continued success throughout the year.”

Estimate for sales for the quarter ending Jun-11 show a mean of 255.83 million dollars, an estimate high of 262.50 million dollars and an estimate low of 252.60 million dollars. A year ago the figures stood at 230.10 million dollars. Estimate for EPS for the quarter ending Jun-11 show a mean of 0.20, an estimate high of 0.23 and an estimate low of 0.19. A year ago, for the same period, the figures stood at 0.14.

Senior management consists of Daniel Hendrix, aged 56, as President, Chief Executive Officer and  Director, Patrick Lynch,  41, as Chief Financial Officer and  Senior Vice President and Raymond Willoch, 52, as Senior Vice President – Administration and General Counsel, Secretary.

Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.