Analyst Raises Estimates for Interface

New York, NY, Dec. 22, 2010 — Analyst Stifel Nicolaus said it is raising earnings estimates for carpet tile maker Interface.

Stifel said Interface’s restructuring of its debt should cause earnings to increase from $0.89 to $0.95 per share.

“Our theme on Interface remains unchanged,” Stifel said.

“Carpet tile as a segment of commercial flooring continues to take market share on a global basis. Interface is uniquely positioned around the globe to take advantage of this trend. While the U.S. office market is fairly mature and penetrated, non-office markets remain a significant opportunity. Outside of Western Europe, carpet tile remains a minor share of the commercial marketplace with sizeable opportunities.”

Stifel said its estimates are higher than others. It sees revenue growing 13% and EPS growing 47%.

“We continue to feel very comfortable with our estimates given the strength of the commercial business heading into the end of 2010.