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Daniel T. Hendrix, a director at Interface Inc. (NASDAQ:TILE), a company currently valued at $1.09 billion, has sold a portion of his holdings in the company. According to InvestingPro analysis, Interface shows strong financial health with a comfortable liquidity position, maintaining a current ratio of 2.6. According to a recent SEC filing, Hendrix sold 7,500 shares of Interface common stock on March 3, 2025. The shares were sold at a weighted average price of $19.95, with transaction prices ranging between $19.82 and $20.16. The total value of the sale amounted to $149,625. Following this transaction, Hendrix holds 96,147 shares directly and an additional 35,072 shares indirectly through a trust. The stock, which has shown significant volatility recently, is currently trading below InvestingPro’s Fair Value estimate. Discover 10 more key insights about Interface and access comprehensive analysis through the Pro Research Report, available exclusively on InvestingPro.
In other recent news, Interface Inc. reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.34, compared to the forecast of $0.29. However, the company’s revenue for the quarter fell short, reaching $335 million against the anticipated $341.56 million. Despite the revenue miss, Interface maintained a robust performance throughout 2024, achieving a 4.3% increase in full-year net sales, totaling $1,320 million. The company’s adjusted operating income also improved significantly, rising to $141.4 million from $116.4 million in 2023. Interface’s "Made for More" brand strategy and its strong position in the premium office segment were highlighted as key strategic moves during this period. The firm also announced its focus on the "ONE Interface" strategy, aiming for margin expansion in 2025. Analyst firms like Longbow Research have noted Interface’s strategic execution and growth potential, despite challenges in the flooring industry.
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