For Quarterly Period Ended April 04, 2021 Commission File Number 001-33994 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Registrant's telephone number, including area code) Securities Registered Pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | | --- | --- | --- | | Common Stock, $0.10 Par ...

NIA NA BE GB T . 高血 南昌 南昌 南昌 | 易纲 易恩 日辰 日田 Interface® Investor Presentation MAY 7, 2021 or of 191 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 Co ...

Interface, Inc. (NASDAQ:TILE) Q1 2021 Earnings Conference Call May 7, 2021 8:00 AM ET Company Participants Christine Needles - Global Head, Corporate Communications Daniel Hendrix - President & CEO Bruce Hausmann - VP, CFO & Treasurer Conference Call Participants Brian Biros - Thompson Research Group Keith Hughes - Truist Securities Operator Good day and thank you for standing by. Welcome to the Q1 2021 Interface, Inc. Earnings Conference Call. [Operator Instructions]. I would now like to hand the conferenc ...

Financial Performance - Consolidated net sales for 2020 were $1,103.3 million, a decline of 17.9% compared to $1,343.0 million in 2019, primarily due to the impacts of COVID-19 [127]. - The operating loss for 2020 was $39.3 million, compared to operating income of $130.9 million in 2019, with a net loss of $71.9 million or $1.23 per share [133]. - The company reported a net loss of $71,929 for 2020, compared to a net income of $79,200 in 2019 [228]. - Gross profit on sales for 2020 was $410,574, down from $532,967 in 2019, reflecting a gross margin decline [228]. - Cash provided by operating activities was $119.1 million for 2020, a decrease of $22.7 million compared to 2019, primarily due to lower net income from COVID-19 impacts [189]. - Cash provided by operating activities was $119.1 million in 2020, down from $141.8 million in 2019, indicating a decrease of approximately 16% [235]. Regional Sales Performance - The Americas region experienced a sales decline of 21.6% in 2020, with significant decreases in corporate office (down 33.8%) and retail (down 34.8%) market segments [147]. - Net sales in the Asia-Pacific region decreased by 17.7% in 2020, reflecting the impact of government shutdowns and reduced demand [146]. - Net sales in Europe decreased by 10.7% in U.S. dollars and 12.5% in local currency, with significant declines in corporate office (down 18.0%), hospitality (down 47.5%), and public buildings (down 14.2%) segments [148]. - In the Asia-Pacific region, net sales decreased by 17.7%, with the corporate office segment down 21.4% and retail down 43.2% [149]. - Revenue distribution by geography for 2020: Americas 53.8%, Europe 31.8%, Asia-Pacific 14.4% [289]. Cost Management and Savings - The company recorded $12.9 million in severance costs during 2020, with anticipated future annualized savings of approximately $15 million from these initiatives [127]. - The company implemented various cost-cutting initiatives, including reductions in labor costs and marketing expenses, to mitigate the effects of COVID-19 [127]. - The restructuring plan initiated in December 2019 is expected to yield annualized savings of approximately $6.0 million, with a pre-tax restructuring charge of $9.0 million recorded [136]. - SG&A expenses for 2020 decreased by $55.9 million (14.4%) versus 2019, with a significant portion attributed to lower selling expenses due to reduced net sales [156]. - The company implemented cost reduction initiatives in 2020, including temporary employee furloughs and suspension of merit-based salary increases [194]. Debt and Financing - As of January 3, 2021, the company had $285.2 million of borrowings outstanding under its Syndicated Credit Facility, with additional borrowing capacity of $295.4 million [165]. - The Company issued $300 million aggregate principal amount of 5.50% Senior Notes due 2028, using the net proceeds to repay $290.7 million of outstanding term and revolving loan borrowings [183]. - Total contractual cash obligations amount to $940.1 million, with long-term debt obligations of $585.2 million and expected interest payments of $160.3 million [191]. - The Company anticipates remaining in compliance with all covenants under the Facility for the foreseeable future [181]. - The Company is required to maintain a Consolidated Secured Net Leverage Ratio of no greater than 3.00:1.00 and a Consolidated Interest Coverage Ratio of no less than 2.25:1.00 [316]. Asset and Equity Changes - Total assets decreased from $1,423,049 in 2019 to $1,306,011 in 2020 [232]. - Total liabilities decreased from $1,054,847 in 2019 to $979,473 in 2020 [232]. - Shareholders' equity decreased from $368,202 in 2019 to $326,538 in 2020 [232]. - The company had state net operating loss carryforwards of $142.7 million as of January 3, 2021, with certain amounts reserved due to uncertainty in utilization [201]. Inventory and Reserves - The inventory reserve was $35.0 million as of January 3, 2021, and a 10% difference in actual obsolescence could impact net income by approximately $3.2 million [206]. - Total inventories decreased from $253.6 million in 2019 to $228.7 million in 2020 [296]. - Reserves for inventory obsolescence increased from $28.3 million in 2019 to $35.0 million in 2021 [296]. - Warranty and sales allowance reserves amounted to $3.2 million and $3.9 million as of January 3, 2021 and December 29, 2019, respectively [267]. Tax and Compliance - The company recorded an income tax benefit of $7.5 million on a pre-tax loss of $79.4 million for the year ended January 3, 2021, resulting in an effective tax rate of 9.4% [160]. - The Company recorded a valuation allowance to reduce its deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will expire before realization [269]. Other Financial Metrics - Research and development expenses increased to $18.6 million in 2020 from $17.8 million in 2019, reflecting a growth of about 4.5% [252]. - The Company capitalized net interest costs on qualifying expenditures of approximately $1.9 million, $2.1 million, and $0.7 million for the fiscal years 2020, 2019, and 2018 respectively [262]. - Depreciation expense amounted to approximately $42.4 million, $41.5 million, and $37.6 million for the years 2020, 2019, and 2018 respectively [262]. - The Company recognized a loss on extinguishment of debt of $3.6 million in the consolidated statement of operations [307].

Interface, Inc. (NASDAQ:TILE) Q4 2020 Earnings Conference Call March 2, 2021 8:00 AM ET Company Participants Christine Needles - Global Corporate Communications Dan Hendrix - President and Chief Executive Officer Bruce Hausmann - Vice President and Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research David MacGregor - Longbow Research Operator Ladies and gentlemen, thank you for standing by and welcome to the Q4 and Fiscal Year 2020 Interface, Inc. Earnings Conference Ca ...

BE BE BE T E FACE EN FOR ST 海峡 南南 南昌 唐山 最近 易恩 日星 日日 Interface® Investor Presentation MARCH 2, 2021 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 C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For Quarterly Period Ended October 04, 2020 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.R.S. Employer Identification No.) 1280 West Peachtree Street, Atlanta, Georgia 30309 (Addre ...

Interface, Inc. (NASDAQ:TILE) Q3 2020 Earnings Conference Call November 6, 2020 8:00 AM ET Company Participants Christine Needles - Global Corporate Communications Dan Hendrix - President & CEO Bruce Hausmann - VP & CFO Conference Call Participants Brian Biros - Thompson Research Group Keith Hughes - Truist Securities David MacGregor - Longbow Research Operator Ladies and gentlemen, thank you for standing by and welcome to the Q3 2020 Interface, Inc. Earnings Conference Call. At this time all participants a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For Quarterly Period Ended July 5, 2020 Commission File Number 001-33994 INTERFACE INC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Georgia 58-1451243 (I.R.S. Employer Identification No.) 1280 West Peachtree Street, Atlanta, Georgia 30309 (Address o ...

Financial Data and Key Metrics Changes - Sales in Q2 2020 were down 27% compared to the same period last year, with adjusted operating income of $27 million [8][21] - Gross profit margin was 37.5%, a decrease of 190 basis points year-over-year, while adjusted gross profit margin was 38%, down 170 basis points [17][22] - SG&A expenses were $80 million, representing 30.9% of sales, with adjusted SG&A at $71 million or 27.4% of sales [18][22] - Net income for Q2 was $5 million, or $0.08 per diluted share, while adjusted net income was $16 million, or $0.27 per diluted share [21][22] - The company ended the quarter with $331 million in liquidity and net debt of $528 million, resulting in a leverage ratio of 2.9 times [23] Business Line Data and Key Metrics Changes - Sales in the Americas declined 28%, with the steepest declines in carpet tile, while resilient flooring remained largely flat [14] - EMEA sales were down 23% in local currency and 25% in U.S. dollars, with significant declines in carpet tile [14] - Asia-Pacific sales decreased 31% in local currency and 33% in U.S. dollars, although there was sequential improvement in June [15] - The company saw growth in living segments, including student housing and healthcare, while the office market was significantly impacted [16][96] Market Data and Key Metrics Changes - Orders were down 32% year-over-year in April, 35% in May, and 29% in June, with July orders down 24% [12][13] - The Americas experienced a 28% decline in orders, EMEA saw a 23% decline, and Asia-Pacific had a 14% decline [13] Company Strategy and Development Direction - The company is focused on product innovation, including the launch of a carbon-negative carpet tile and resilient flooring with 39% pre-consumer recycled content [10][26] - There is a commitment to expanding market opportunities in non-office segments such as healthcare and education [27][30] - The company is adapting to the current working environment by developing flooring solutions that support physical distancing [28] Management's Comments on Operating Environment and Future Outlook - Management noted that the office market has been hit hardest, impacting carpet tile sales, while other segments like healthcare and education are performing well [96] - The company anticipates continued pressure on sales and operating income in Q3, similar to Q2, due to ongoing order trends [13][87] - Management expressed confidence in emerging from the pandemic as a stronger company, emphasizing the importance of cash flow and liquidity [30][91] Other Important Information - The company amended its credit facility to provide enhanced financial covenant flexibility through Q1 2022 [9] - SG&A expenses are expected to increase in Q3 due to the absence of government-sponsored wage relief and other temporary pickups realized in Q2 [20][76] Q&A Session Summary Question: Differences by end market and region - Management indicated a mixed recovery across regions, with the office market being the hardest hit while non-office segments are performing better [35] Question: Changes to shipping rates - No significant changes in freight rates were observed, although a deflationary environment for input costs is anticipated [39][40] Question: Structural changes impacting margins - Management is right-sizing the business to meet demand and focusing on innovation and selling systems [42] Question: Gross margin profile - The gross margin is expected to remain stable, with a focus on managing variable costs [86] Question: Performance of resilient flooring vs. carpet tile - Resilient flooring has performed better due to its focus on healthcare and education, while carpet tile is more affected by the office market downturn [74][96]