Financial Data and Key Metrics Changes - First quarter net sales totaled $289.7 million, a decrease of 2% compared to the first quarter of 2023 [88] - Adjusted gross profit margin increased by 528 basis points year-over-year to 38.6%, primarily due to strong execution in holding prices, favorable product mix, and raw material input cost deflation [88] - Adjusted operating income was $25.5 million compared to $15.2 million in the first quarter of 2023 [8] - Adjusted EPS was $0.24 versus $0.07 in the first quarter of 2023 [8] - Adjusted EBITDA was $38.8 million, up from $26.3 million in the first quarter of 2023 [89] - Liquidity totaled $388 million, consisting of $90 million in cash and $298 million in revolver capacity [89] Business Line Data and Key Metrics Changes - The Americas saw FX-neutral net sales increase by 0.5% year-over-year, with notable strength in the education sector [88] - The corporate office segment experienced a low single-digit decline, which was viewed positively given the volatility in that segment [4] - The renovation business remained strong, benefiting from trends of people returning to the office [4] - Total company orders were up 5% year-over-year, with orders in the Americas up 7% and EAAA up 3% [5] Market Data and Key Metrics Changes - FX-neutral net sales in EAAA decreased by 5.1%, driven by a softer macro environment [88] - The retail sector was soft in the first quarter due to ongoing headwinds, but stronger retail sales are expected beginning in Q2 [86] Company Strategy and Development Direction - The company is focused on reducing complexity, driving continuous improvement, and globalizing core functions to support a world-class selling team [3] - The "One Interface" selling team strategy has been implemented, leading to strong order growth and synergies between different product lines [3] - The company is investing in automation and robotics to improve manufacturing efficiency and reduce labor costs [84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategy's effectiveness, noting strong order growth despite a challenging macro environment [6] - The company is optimistic about improving trends in 2024 and has increased its full-year net sales estimate [9] - Management highlighted the importance of maintaining price levels and managing product mix to sustain gross profit margins [19] Other Important Information - The company plans to redirect investments from carbon offset purchases into initiatives that will reduce its carbon footprint and accelerate growth starting in 2025 [87] - Capital expenditures were $4 million in the first quarter of 2024, down from $5.7 million in the first quarter of 2023 [9] Q&A Session Summary Question: Discussion on price versus volume balance in the quarter - Management noted that price was up around 2% while volume was down around 4%, leading to a negative 2% impact on the P&L [18] Question: Expectations for gross margins moving forward - Management indicated that while gross margins may decrease sequentially due to product mix, they are raising revenue estimates by $30 million [21] Question: Insights on backlog strength by product category - Management confirmed that rubber and LVT are showing stronger backlog growth compared to carpet, reflecting both market demand and the effectiveness of the One Interface strategy [27] Question: Impact of lower costs achieved in the quarter - Management attributed lower costs to both market pricing and improvements made through investments in procurement and automation [29] Question: Future plans for the balance sheet and potential acquisitions - Management emphasized the importance of continuing to pay down debt while also exploring internal investments to support business growth [31] Question: Update on gross margin dynamics and input cost deflation - Management confirmed that raw material deflation has benefited margins over the past few quarters, with expectations for stability in pricing moving forward [47]

FOR IMMEDIATE RELEASE Media Contact: Christine Needles Global Corporate Communications Christine.Needles@interface.com +1 404-491-4660 Investor Contact: Bruce Hausmann Chief Financial Officer Bruce.Hausmann@interface.com +1 770-437-6802 Interface Reports First Quarter 2024 Results One Interface strategy yielding strong results; Company increasing full fiscal year 2024 net sales guidance ATLANTA – May 3, 2024 – Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in susta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 001-33994 INTERFACE INC (Exact name of registrant as specified in its charter) | Georgia | | 58-1451243 | | --- | --- | --- | | (State of incorporation) | | (I.R.S. Employ ...

Financial Data and Key Metrics Changes - Fourth quarter net sales totaled $325.1 million, a decrease of 3.1% compared to Q4 2022, with FX-neutral net sales declining 4.5% year-over-year [26] - Full year 2023 net sales totaled $1.26 billion, a decrease of 2.8% versus fiscal year 2022, with FX-neutral net sales declining 2.9% year-over-year [38] - Fourth quarter adjusted gross profit margin was 38.3%, an increase of 507 basis points from the prior year's fourth quarter [36] - Fourth quarter adjusted EPS was $0.41 versus $0.31 in Q4 2022, and adjusted EBITDA was $52.2 million versus $41.3 million in Q4 2022 [38] Business Line Data and Key Metrics Changes - Carpet tile experienced low single-digit growth in global billings for the quarter, outperforming industry trends [6] - Global billings for LVT surpassed $165 million in 2023, up 10.5% compared to 2022, with double-digit growth in the Americas [20] - Healthcare business grew in the Americas and Australia, offset by softness in Asia and project timing in Europe [12] - Education market saw global billings up 5% for the year, driven by strength in the Americas [13] Market Data and Key Metrics Changes - FX-neutral net sales in the Americas were down 4% year-over-year, while EAAA was down 5.2% due to a softer macroeconomic environment [26] - Fourth quarter orders were flat year-over-year, with currency-neutral orders in the Americas up 3.1% and EAAA down 4.1% [22] Company Strategy and Development Direction - The company is focused on its diversification strategy, particularly in high-growth segments like education and healthcare, while gaining share in corporate office [43] - The One Interface strategy aims to integrate sales teams for better cross-selling opportunities, which has shown strong results in pilot markets [24][70] - The company plans to invest in operational improvements, including automation and robotic solutions, to drive gross profit margin expansion [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy, noting solid momentum entering 2024 despite ongoing macroeconomic uncertainties [9][41] - The retail sector remains a headwind, with expectations of continued challenges in the first half of 2024 due to project deferrals [14][49] - Management anticipates growth and gross profit margin expansion in 2024 while maintaining tight controls over SG&A expenses [41] Other Important Information - The company received an R&D credit and an energy subsidy from the German government, which contributed to improved gross profit margins in Q4 [27] - The company was recognized for its sustainability efforts, being named one of three Circularity Lighthouses in the built environment by the World Economic Forum and McKinsey & Company [25] Q&A Session Summary Question: Could you review volumes and pricing trends for Q4? - Pricing was up around 6% for carpet, while volumes were down around 2%, with total company pricing up around 4% for the quarter [46] Question: What is the outlook for free cash generation and debt repayment? - The capital allocation strategy remains focused on paying down debt while investing in the business, with a strong free cash flow generation noted [54] Question: What are the expectations for adjusted gross profit margin in 2024? - The company plans for about 70 basis points of year-over-year improvement in adjusted gross profit margin, driven by raw material deflation, pricing, and productivity [61] Question: How is the One Interface initiative expected to contribute to 2024 results? - The initiative is expected to enhance sales through integrated teams, with strong order generation already observed in pilot markets [70] Question: What is the outlook for the retail sector and its impact on revenue? - The retail sector is expected to remain challenged in the first half of the year, but management remains cautiously optimistic about recovery in the latter half [74]

FOR IMMEDIATE RELEASE Media Contact: Christine Needles Global Corporate Communications Christine.Needles@interface.com +1 404-491-4660 Investor Contact: Bruce Hausmann Chief Financial Officer Bruce.Hausmann@interface.com +1 770-437-6802 Interface Reports Fourth Quarter and Full Year 2023 Results ATLANTA – February 27, 2024 – Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter and full fiscal year ended De ...

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 1, 2023 ¨ 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 jurisdictio ...

Interface, Inc. (NASDAQ:TILE) Q3 2023 Earnings Conference Call November 3, 2023 8:00 AM ET Company Participants Christine Needles - Corporate Communications Laurel Hurd - President and Chief Executive Officer Bruce Hausmann - Chief Financial Officer Conference Call Participants Brian Biros - TRG David McGregor - Longbow Research Keith Hughes - Truist Operator Thank you for standing by, and welcome to the Q3 2023 Interface, Inc. Earnings Conference Call. I would now like to welcome Christine Needles, Corpora ...

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 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 (Exact name of registrant as specified in its charter) | Georgia | | | 58-1451243 | | --- | --- | --- | --- | | (State or other jurisdiction o ...

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 ...