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Interface Lowered FY23 Revenue To $1.245B-$1.265B From $1.285B - $1.310B Vs. $1.30B Est

Author: Benzinga Newsdesk | November 03, 2023 05:35am

Interface anticipates the following for the full fiscal year 2023:

  • Adjusted gross profit margin of approximately 34.4%.
  • Adjusted SG&A expenses of approximately $329 million.
  • Adjusted Interest & Other expenses of approximately $35 million.
  • An adjusted effective tax rate of approximately 29.5%.
  • Fully diluted weighted average share count of approximately 58.3 million shares.
  • Capital expenditures of approximately $32 million.

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