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 ...

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 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 ...

Financial Data and Key Metrics Changes - First quarter net sales increased by 13.7% to $288 million, with organic sales growth of 16.8% [20] - Gross profit margin was 37.1%, down 84 basis points year-over-year, while adjusted gross profit margin was 37.9%, a decrease of only 55 basis points despite over 1,000 basis points of input cost inflation [21] - Operating income rose 62% to $27.4 million compared to $16.9 million in the prior year, with adjusted operating income up 54% to $30.6 million [23] - Fully diluted earnings per share increased by 83% to $0.22, and adjusted earnings per share rose 65% to $0.28 [23] - Cash used from operations was $17.7 million in Q1, with liquidity at $359 million [24] Business Line Data and Key Metrics Changes - Sales in the Americas increased by 23.3%, driven by a recovering commercial market [20] - In the EAAA region, sales were up 4.1%, with currency-neutral sales increasing by 10.4% [20] - Key market segments showed strong growth: Healthcare up 23%, Corporate office up 21%, Education up 19%, and Multifamily residential up 12% [14] Market Data and Key Metrics Changes - Orders in the Americas were up 11% year-over-year, while EAAA orders increased by 26% on a currency-neutral basis [13] - Backlog grew by 16% since the beginning of the year and 29% year-over-year, indicating strong demand [12] Company Strategy and Development Direction - The company aims to continue advancing its sustainability journey and product innovation, focusing on carbon-negative products [8][15] - Investments in the selling organization and product innovation are yielding positive results, with a focus on high design and low carbon footprint products [14] - The company is committed to mitigating inflation through productivity and pricing initiatives while maintaining a strong balance sheet [27][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the commercial office market and anticipates strong growth in Q2 and beyond [13][38] - The company is closely monitoring the high inflationary environment and supply chain disruptions, with expectations for some relief in the latter half of the year [27][40] - Management highlighted the importance of maintaining margins and protecting against inflation through strategic pricing and productivity measures [40] Other Important Information - The company launched new product collections, including carbon-negative area rugs and a healthcare collection, enhancing its product offerings [16] - The company’s balance sheet remains strong, with a net leverage ratio of 2.5 times [25] Q&A Session Summary Question: Contribution of price and units to growth - Management indicated that both pricing and productivity helped offset 1,000 basis points of inflation, with unit growth contributing approximately six to seven points to the overall growth [34][36] Question: Orders in Europe and the US - Orders in Europe were strong despite currency impacts, and the US market is also seeing strong orders, indicating positive momentum [37][38] Question: Gross margin outlook for the second half of 2022 - Management expects the second quarter to be the bottoming out for margins, with potential improvements in the latter half of the year [40][41] Question: Strategic areas for the organization - The new CEO expressed optimism about the European carpet tile business and indicated a need for further evaluation regarding in-house LVT production versus third-party sourcing [46][47] Question: Free cash flow expectations - Management maintained expectations for strong free cash flow for the year, despite typical seasonal cash usage in Q1 [49] Question: Market acceptance of carbon-negative products - Management noted strong reception for carbon-negative products, with differentiation from competitors being a key advantage [95]