secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0000715787-21-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface Q3 net sales up 12% to $313M; adjusted EPS $0.29 vs $0.28 YoY
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- GAAP EPS $0.19, up from $0.10; net income $11.0M vs $5.9M in Q3 2020.
- Orders increased 24% YoY; Americas orders up 34%, EAAA up 12%.
- Q4 net sales guidance $320M-$330M; adjusted gross margin 35.5%-36.5%.
- Debt reduced by $30M in Q3; cash on hand $92.8M, total debt $525M.
- European carpet tile backing now fully converted to bio-based CQuest™Bio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578721000041/0000715787-21-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578721000041/tile-20211105.htm
  HTML page:      https://secwatch.observer/filing/0000715787-21-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer