Interface Bundle
Who Owns Interface, Inc.?
Interface, Inc.'s ownership structure is central to its identity as a pioneer in sustainable commercial flooring. Founded by Ray C. Anderson in 1973, the company has evolved from its modular carpet tile beginnings into a global force.
As a publicly traded entity on NASDAQ (TILE), Interface's ownership is distributed among its shareholders. Understanding this dynamic is crucial for grasping the company's strategic decisions and its long-standing commitment to environmental stewardship.
Who owns Interface, Inc.?
Interface, Inc. is a publicly traded company, meaning its ownership is distributed among shareholders who purchase its stock on the NASDAQ exchange under the ticker symbol TILE. As of July 30, 2025, the company has a market capitalization of $1.21 billion and approximately 58.6 million shares outstanding. This public ownership structure allows for broad participation in the company's financial performance and strategic direction, influencing its ability to innovate, such as its development of products like Interface BCG Matrix, and maintain its sustainability goals.
Who Founded Interface?
Interface, Inc. was established in 1973 by Ray C. Anderson, a Georgia Tech graduate with a background in industrial engineering and extensive experience in the carpet industry. He secured $500,000 in loans to launch the company, initially named Carpets International Georgia, focusing on innovative carpet tile manufacturing.
Founding Visionary
Ray C. Anderson, the founder, brought over 14 years of carpet industry experience to his venture. His technical expertise was instrumental in developing the fusion bonding process for carpet tiles.
Initial Capital
The company's inception was backed by a significant loan of $500,000. This capital funded the establishment of operations and the development of proprietary manufacturing technology.
Early Focus
The company's early strategy centered on the burgeoning market for carpet tiles, particularly for commercial spaces. This product offered advantages in installation and replacement for offices.
Company Evolution
In 1982, the company rebranded as Interface Flooring Systems. A pivotal moment arrived in April 1983 with its initial public offering (IPO).
Public Offering Impact
The IPO transformed the company's ownership structure, opening it up to a wider base of public shareholders. This transition marked a significant step in its growth trajectory.
Founder's Influence
Ray C. Anderson remained the primary founder and guiding force, shaping the company's direction. His later commitment to sustainability became a defining characteristic of the business.
While specific details regarding the initial equity distribution among founders are not publicly available, Ray C. Anderson was the singular founder and the driving force behind the company's inception and early strategic decisions. The company's initial operations were based in LaGrange, Georgia, and its focus was on the fusion bonding process for manufacturing free-laying carpet tiles, a technology he had a hand in developing during his prior employment. The early years saw the company carve out a niche in the commercial sector, capitalizing on the advantages of carpet tiles for spaces like offices, which benefited from their modularity and ease of replacement. The transition to a publicly traded corporation in 1983 through an IPO significantly broadened the ownership base beyond the initial private investors, though the precise extent of Anderson's retained ownership at that juncture is not detailed in public records. His forward-thinking vision, particularly the later emphasis on environmental sustainability, profoundly influenced the company's path and attracted a new cohort of stakeholders interested in its mission, aligning with the Target Market of Interface.
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How Has Interface’s Ownership Changed Over Time?
Interface, Inc.'s transition to a publicly traded entity on NASDAQ in 1983 marked a significant shift in its ownership structure, moving from a founder-led business to one with a broad investor base. This evolution has shaped its corporate governance and strategic direction.
| Metric | Value (as of July 30, 2025) |
|---|---|
| Market Capitalization | $1.21 billion |
| Shares Outstanding | 58.6 million |
| Institutional Ownership | 98.34% (as of August 1, 2025) |
The ownership of the Interface company is now predominantly held by institutional investors, who collectively own approximately 98.34% of the company's stock as of August 1, 2025. This high level of institutional ownership suggests that professional money managers and financial organizations are key stakeholders, influencing the company's long-term strategy and corporate governance. For example, in the first quarter of 2025, Universal Beteiligungs und Servicegesellschaft mbH initiated a new position with 74,141 shares, valued at about $1.47 million. Additionally, North Star Investment Management Corp. expanded its holdings to 166,075 shares, while Harbor Capital Advisors Inc. and Raymond James Financial Inc. also made new investments in the first quarter of 2025 and the fourth quarter of 2024, respectively. The company's historical commitment to sustainability, a principle championed by its founder, continues to attract investors with a focus on Environmental, Social, and Governance (ESG) criteria. This aligns with Interface's 'One Interface' strategy launched in 2023, which aims for growth, margin expansion, and sustained leadership in design, performance, and sustainability. The company's solid financial performance in 2024, including net sales of $1.316 billion and a debt reduction of $115 million, further enhances its attractiveness to a diverse range of stakeholders and contributes to understanding who owns Interface.
Key Interface Company Stakeholders
Institutional investors are the primary holders of Interface company stock, reflecting a broad distribution of ownership. The company's strategic focus on sustainability also influences its stakeholder profile.
- Institutional investors own 98.34% of Interface company stock as of August 1, 2025.
- Recent Q1 2025 activity includes new positions by Universal Beteiligungs und Servicegesellschaft mbH and Harbor Capital Advisors Inc.
- North Star Investment Management Corp. increased its holdings in the first quarter of 2025.
- Raymond James Financial Inc. purchased new positions in Q4 2024.
- The company's ESG focus attracts investors aligned with its sustainability initiatives, as detailed in its Mission, Vision & Core Values of Interface.
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Who Sits on Interface’s Board?
The Interface company board of directors provides strategic oversight and governance. As of 2024, Christopher G. Kennedy holds the position of Chairman of the Board, with Laurel M. Hurd serving as President, CEO, and a Director. The board includes several other directors, many of whom are independent, contributing diverse expertise.
| Director Name | Role | Committee Chair |
|---|---|---|
| Christopher G. Kennedy | Chairman of the Board | |
| Laurel M. Hurd | President, Chief Executive Officer, Director | Executive Committee |
| Daniel T. Hendrix | Director | |
| Catherine Marcus | Director | |
| Catherine M. Kilbane | Director | |
| Robert T. O'Brien | Director | Audit Committee |
| K. David Kohler | Director | |
| Joseph J. Keough | Director | |
| John P. Burke | Director | |
| Dwight A.K. Gibson | Director |
Interface company operates under a standard one-share-one-vote structure for its common stock, as detailed in its 2025 Proxy Statement. There is no indication of dual-class shares or special voting rights that would concentrate control beyond proportional ownership. The board is focused on key strategic initiatives, including the 'One Interface' strategy and the ambitious goal of becoming a carbon-negative enterprise by 2040. Recent governance efforts, as noted in the 2024 Impact Report released in June 2025, show increased director engagement on Environmental, Social, and Governance (ESG) impacts. The company's annual shareholder meeting was set for May 15, 2025, with a record date of March 14, 2025, for voting eligibility. The absence of reported proxy battles or activist campaigns suggests a stable governance environment for Interface company stakeholders.
Interface Company Governance and Shareholder Power
Interface company's voting power is tied to its one-share-one-vote system, ensuring equitable influence for shareholders. The board's oversight extends to critical ESG objectives and strategic growth.
- One-share-one-vote structure for common stock.
- No evidence of special voting rights or dual-class shares.
- Board actively engaged in ESG impact and strategic planning.
- Annual shareholder meeting held in May 2025.
- Stable governance environment noted with no recent proxy fights.
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What Recent Changes Have Shaped Interface’s Ownership Landscape?
In recent years, the ownership landscape of Interface, Inc. has seen a significant concentration among institutional investors, reflecting confidence in its strategic direction and financial performance. This trend indicates a strong belief in the company's long-term value proposition and its commitment to sustainable business practices.
| Period | Net Sales | Cash from Operations | Net Leverage |
|---|---|---|---|
| FY 2024 | $1.316 billion (+4.3% YoY) | $148 million | 1.1x FY24 Adj. EBITDA |
| Q1 2025 | $297 million (+2.6% YoY) | $11.7 million | N/A |
| Q2 2025 | $375.5 million (+8.3% YoY) | N/A | N/A |
Interface has demonstrated robust financial health and strategic execution over the past few years. The company's focus on operational efficiency and sustainability has translated into strong sales growth and disciplined capital management. This includes significant debt reduction and a return of capital to shareholders, as evidenced by its first share repurchase activity since 2022.
Financial Performance Highlights
In 2024, Interface reported net sales of $1.316 billion, a 4.3% increase year-over-year. The company also generated $148 million in cash from operations, using it to repay $115 million in debt, reducing its net leverage to 1.1 times fiscal year 2024 Adjusted EBITDA.
Shareholder Returns and Capital Allocation
The company's Q2 2025 results showed a significant increase in adjusted earnings per share, leading to the repurchase of $4.3 million of common stock. This marks a balanced approach to capital allocation, prioritizing shareholder value alongside strategic investments.
Institutional Ownership Trends
As of August 1, 2025, institutional investors, including hedge funds, collectively owned 98.34% of Interface's stock. This high level of institutional backing suggests a strong market confidence in the company's future prospects and its Growth Strategy of Interface.
Sustainability and Strategic Goals
Interface continues to prioritize ambitious sustainability goals, aiming for verified science-based carbon reduction targets by 2030 and carbon-negativity by 2040. This commitment aligns with increasing investor demand for companies with strong Environmental, Social, and Governance (ESG) leadership.
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