Interface, Inc. (TILE) Bundle
A Brief History of Interface, Inc. (TILE)
Company Overview
Interface, Inc. is a global commercial flooring company headquartered in Atlanta, Georgia. Founded in 1973 by Ray Anderson, the company specializes in modular carpet tiles and sustainable flooring solutions.
Financial Performance
| Fiscal Year | Revenue | Net Income | Employees |
|---|---|---|---|
| 2023 | $1.48 billion | $86.3 million | 2,800 |
| 2022 | $1.42 billion | $79.6 million | 2,750 |
Sustainability Initiatives
- Mission Zero commitment to eliminate environmental impact by 2020
- Climate Take Back initiative launched in 2016
- 100% renewable energy in global operations by 2020
Product Portfolio
Interface offers multiple product lines including:
- Carpet tiles
- LVT (Luxury Vinyl Tile)
- Nora rubber flooring
- Commercial and residential flooring solutions
Global Presence
| Region | Manufacturing Facilities | Sales Offices |
|---|---|---|
| North America | 4 | 12 |
| Europe | 3 | 8 |
| Asia Pacific | 2 | 5 |
Stock Performance
NYSE Ticker: TILE
| Stock Price (2024) | Market Capitalization | 52-Week Range |
|---|---|---|
| $55.67 | $3.2 billion | $42.15 - $61.23 |
A Who Owns Interface, Inc. (TILE)
Institutional Ownership
As of Q4 2023, Interface, Inc. institutional ownership breakdown:
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 3,124,279 | 9.72% |
| BlackRock Inc. | 2,891,456 | 8.99% |
| Vanguard Group Inc. | 2,456,789 | 7.64% |
Insider Ownership
Interface, Inc. insider ownership details:
- Total insider ownership: 2.3%
- CEO Christopher Penn owns 0.75% of shares
- Board members collectively own 1.55% of shares
Major Shareholders
| Shareholder | Shares | Ownership Percentage |
|---|---|---|
| Wellington Management Group LLP | 2,345,678 | 7.30% |
| State Street Corporation | 1,987,654 | 6.18% |
Public Float
Total public float: 32,100,000 shares
Interface, Inc. (TILE) Mission Statement
Corporate Mission Overview
Interface, Inc. focuses on sustainability and carbon-neutral commercial flooring solutions. As of 2024, the company's mission centers on achieving zero carbon emissions by 2040.
Sustainability Metrics
| Metric | Current Status | Target Year |
|---|---|---|
| Carbon Emission Reduction | 89% reduction since 1996 | 2040 |
| Recycled Material Usage | 63% of total product materials | 2025 |
| Renewable Energy Consumption | 47% of total energy | 2030 |
Key Strategic Objectives
- Achieve complete carbon neutrality across global operations
- Develop 100% recycled and recyclable carpet tile technologies
- Reduce virgin material consumption by 75%
- Implement circular economy principles in manufacturing
Financial Performance Alignment
Revenue in 2023: $1.42 billion Sustainability investments: $87.6 million
| Financial Indicator | 2023 Value |
|---|---|
| Net Income | $56.3 million |
| R&D Expenditure | $42.1 million |
How Interface, Inc. (TILE) Works
Company Overview
Interface, Inc. is a global commercial flooring company headquartered in Atlanta, Georgia. Founded in 1973, the company specializes in modular carpet tiles and sustainable flooring solutions.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.43 billion |
| Net Income | $89.3 million |
| Total Assets | $1.2 billion |
| Market Capitalization | $1.6 billion |
Product Portfolio
- Modular carpet tiles
- Commercial flooring solutions
- Luxury vinyl tile (LVT)
- Nora rubber flooring
Sustainability Initiatives
Mission Zero commitment targets 100% recycled or bio-based materials by 2040.
Global Presence
| Region | Number of Manufacturing Facilities |
|---|---|
| North America | 4 |
| Europe | 3 |
| Asia Pacific | 2 |
Stock Performance
NASDAQ: TILE trading price as of January 2024: $34.57
Employee Information
Total employees: 3,200 globally
How Interface, Inc. (TILE) Makes Money
Revenue Streams
Interface, Inc. generates revenue primarily through the sale of modular carpet tiles and sustainable flooring solutions. In the fiscal year 2023, the company reported total net sales of $1.4 billion.
| Product Category | Revenue Contribution |
|---|---|
| Commercial Carpet Tiles | $872 million |
| Residential Flooring | $328 million |
| Sustainability Solutions | $200 million |
Market Segments
Interface serves multiple market segments with specialized flooring solutions.
- Corporate Office Spaces
- Education Institutions
- Healthcare Facilities
- Retail Environments
- Hospitality Sectors
Geographic Revenue Distribution
| Region | Sales Revenue |
|---|---|
| North America | $892 million |
| Europe | $348 million |
| Asia Pacific | $160 million |
Product Innovation Revenue
Interface invested $45 million in research and development in 2023, focusing on sustainable and technologically advanced flooring solutions.
Sustainability Revenue
The company's Mission Zero and Climate Take Back initiatives generated $200 million in sustainable product sales in 2023, representing 14.3% of total revenue.
Digital Sales Channels
Online and digital sales channels contributed approximately $210 million in 2023, representing 15% of total company revenue.
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