Financial Data and Key Metrics Changes - Second quarter net sales totaled $329.6 million, a decrease of 4.9% year-over-year compared to a strong prior year that was up 23% [43] - Adjusted EPS was $0.25 versus $0.36 in the second quarter last year [19] - Adjusted EBITDA was $39.8 million this year compared to $49 million in the second quarter last year [19] - Adjusted gross profit margin was 33.9%, a decrease of 39 basis points from the prior year period [18] - The company repaid $25.9 million of debt, resulting in net debt of $382.6 million at the end of Q2 [11] Business Line Data and Key Metrics Changes - Currency-neutral net sales were down 5% year-over-year, with a strong prior year comp that was up 23% [14] - Consolidated currency-neutral orders in Q2 were down 2% year-over-year, with orders down 3% in the Americas and flat in EAAA [16] - Education segment grew to 18% of global billings, with sales in this segment up 7% year-over-year [39][40] Market Data and Key Metrics Changes - In EMEA, net sales were down 5%, Asia down 31%, and Australia up 4% year-over-year [18] - The Americas saw a 3% decline in net sales year-over-year, while EAAA experienced an 8% decline [43] Company Strategy and Development Direction - The "One Interface" strategy is progressing as planned, focusing on resetting the operating model to leverage the entire company for growth and improved profits [8] - The company is enhancing digital capabilities to improve customer experience and showcase new design software [7] - A new Chief Supply Chain Officer has been appointed to lead supply chain optimization efforts [42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about steady customer demand and an improving supply chain environment [12] - The company anticipates a strong second half with continued market share gains and strong cash generation [22] - Management noted that raw material prices have stabilized, with a 2% year-over-year deflation in Q2 [10] Other Important Information - The company was recognized as one of Time's 100 Most Influential Companies for its sustainability efforts [67] - Capital expenditures were $5.6 million in Q2 2023 compared to $4.3 million in 2022 [45] Q&A Session Summary Question: Can you touch on the gross profit outlook for the full year? - Management noted that a more stable supply chain environment and deflation in raw materials have improved the gross profit outlook [25][26] Question: Are you seeing any pricing pressure or increased competition? - Management indicated that pricing is holding up well, with market share gains in the US and strong sales of premium products [27] Question: Can you update on the One Interface strategy? - Management reported good progress, with a new Chief Supply Chain Officer in place to enhance gross margins [30] Question: What are the near-term order patterns in the US? - Management noted steady demand in the Americas, with a focus on low carbon products [33] Question: How have units performed in the second quarter? - Units were down roughly 10% year-over-year, with pricing up approximately 5% [71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 2, 2023 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33994 INTERFACE INC Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submitted pursuant to R ...

Interface, Inc. (NASDAQ:TILE) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Christine Needles - Investor Relations Laurel Hurd - Chief Executive Officer Bruce Hausmann - Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research Group David MacGregor - Longbow Research Keith Hughes - Truist Securities Operator Thank you for standing by. My name is Bhavesh and I will be your conference operator today. At this time I would like to welcome everyone ...

Investor Presentation | February 2023 Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that these expectations will prove to be correct or that savings or other benefits anticipated in the forward-looking statements will be achieved. The forward-looking statements set forth involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including risks an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended October 2, 2022 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33994 INTERFACE INC (Exact name of registrant as specified in its charter) Georgia 58-1451243 (State or other jurisdiction of incorporation or organization) (I ...

Interface® Investor Presentation | November 2022 67197 Forward Looking Statements and Non-GAAP Measures This presentation contains forward-looking statements, including, in particular, statements about Interface's plans, strategies and prospects. These are based on the Company's current assumptions, expectations and projections about future events. Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that these expe ...

Financial Data and Key Metrics Changes - Third quarter net sales totaled $328 million, an increase of 4.8% year-over-year, driven by a balanced contribution from AMS and EAAA, with FX-neutral net sales growth at 10.9% year-over-year [20][21] - Adjusted gross profit margin was 33.7%, a decrease of 75 basis points from the prior year [20][21] - Adjusted operating income was $31.2 million, up 3.5% from $30.2 million in the same quarter last year [23] - Fully diluted earnings per share was $0.24, up 26.3% from $0.19 in the third quarter last year [23] - Adjusted EBITDA was $42.9 million, with cash from operations at $27.6 million [24] Business Line Data and Key Metrics Changes - Corporate Office segment grew by 14%, Education by 12%, and Healthcare by 4% year-to-date [11] - Currency-neutral orders were down 4% in Q3, with the Americas down 5% and EAAA down 3% [13] Market Data and Key Metrics Changes - The company entered Q4 with a strong backlog that is up 7% since the beginning of the year [13] - The company is experiencing strong demand for carbon-neutral and carbon-negative products across its customer base [12] Company Strategy and Development Direction - The company is focused on a diversification strategy that is yielding customer wins across multiple market segments [10] - The company aims to leverage its competitive advantage as the first global foreign company certified as a carbon-neutral enterprise [16] - The company is positioned to take advantage of the US administration's Clean initiative, which prioritizes lower carbon materials [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged persistent inflationary pressures and currency headwinds but expressed confidence in the long-term strategy [9][14] - The company anticipates net sales for the full fiscal year 2022 to be between $1.285 billion and $1.305 billion [28] - Management noted that while they expect currency-neutral net sales growth to continue in Q4, year-over-year comparisons will be less robust due to strong Q4 2021 performance and FX headwinds [29] Other Important Information - The company signed an amendment to its existing credit facility, extending the term through October 2027 [26] - Capital expenditures were $4.2 million in Q3, with $8.9 million of common stock repurchased [27] Q&A Session Summary Question: Order cadence through the quarter - Management noted that orders in the Americas were leveling out with no deceleration, while Europe saw some slowing and Australia experienced a pickup [38] Question: Gross margins and cost pressures - Management indicated that while gross margins were down, they successfully offset significant input cost inflation, but persistent inflation remains a challenge [40][43] Question: Supply chain issues - Management confirmed that they are in good shape regarding raw material availability, with supply chain flow having loosened up [48][50] Question: Opportunities for growth - Management highlighted opportunities in selling a full portfolio of products, enhancing design leadership, and continuing to diversify market segments beyond corporate office [56][58]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended July 3, 2022 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33994 INTERFACE INC (Exact name of registrant as specified in its charter) | Georgia | | | 58-1451243 | | --- | --- | --- | --- | | (State or other jurisdiction o ...

Interface, Inc. (NASDAQ:TILE) Q2 Earnings Conference Call August 5, 2022 8:00 AM ET Company Participants Christine Needles - Global Head, Corporate Communications Laurel Hurd - CEO Bruce Hausmann - VP and CFO Conference Call Participants David MacGregor - Longbow Research Keith Hughes - Truist Securities Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Interface, Inc. Second Quarter 2022 Earnings Conference Call. All l ...

Interfa Investor Presentation August 2022 日本 上一篇 HERE 国际日报 那里看看 图 图书图 Forward Looking Statements and Non-GAAP Measures This presentation contains forward-looking statements, including, in particular, statements about Interface's plans, strategies and prospects. These are based on the Company's current assumptions, expectations and projections about future events. Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance ...