Interface Inc

TILE is in a distribution phase after a support failure, shifting medium-term control to sellers. The break below key support and the 50-day SMA confirms structural weakness. Price is currently extended and oversold, so we will defer selling until any relief rally into the former support zone near the 50-day SMA is tested and rejected.

• ↑Q2 sales +5.4% YoY to $395.7M; adjusted gross margin 45% (+524bps)
• ↑Adjusted EPS jumped 47% YoY to $0.88, reflecting improved profitability
• ↓Raw material inflation risks could compress margins if price hikes lag