Stifel Reports that Fundamentals of Interface's Business Are Healthy

New York, NY, June 10. 2015—Analyst Stifel has offered an update on Interface’s business, reporting that the fundamentals of the company remain healthy.

This analysis of Interface is based on the general shift in the soft surface market towards carpet tile, growth in the new build market as well as declining vacancies in the remodel market, Interface’s growth in the hospitality market, several successful product launches made by the company and reduced costs.

However, Stifel warns that “the combination of stiff FX headwinds (we estimate a revenue headwind of $70-80 million with the Euro currently, and as much as $8-10 million drag on EBIT) and the likelihood of large bonus accruals this year versus virtually nothing last year provide a stiff offset.”