secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000715787-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface Q1 net sales $288M (+14% YoY); GAAP EPS $0.22 (+83%); raises FY revenue outlook
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- Net sales $288M, up 14% YoY; orders up 15% YoY, fourth consecutive double-digit orders growth.
- GAAP EPS $0.22 vs $0.12 YoY; adjusted EPS $0.28 vs $0.17 YoY (up 65%).
- Operating income $27.4M (+62% YoY); adjusted operating income $30.6M (+54%).
- Full-year net sales growth outlook raised to ~10%-12% (prior not specified but implied increase).
- Laurel Hurd joined as CEO on April 18, 2022, succeeding Dan Hendrix who remains Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000015/0000715787-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000015/tile-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000715787-22-000015

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