Interface Q3 2022 net sales $327.8M (+4.8% YoY); GAAP EPS $0.24; orders down 9.7%

INTERFACE INC

2022-Q3 EPS reported $0.75 revenue$962,364,000

GAAP net income $14.1M ($0.24/diluted share); adjusted EPS $0.30 vs $0.29 YoY.
Currency neutral net sales +10.9%; AMS segment sales +10.0%, EAAA currency neutral +11.7%.
Orders declined 9.7% overall (4.3% currency neutral); backlog up 7% since start of 2022.
FY2022 guidance: net sales $1.285B-$1.305B, adjusted gross margin ~34.5%, capex ~$25M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERFACE INC reported third quarter ended October 2, 2022 results: revenue $327.8 million, net income $14.1 million, EPS $0.24 per diluted share.

Period: third quarter ended October 2, 2022
Revenue: $327.8 million
Net income: $14.1 million
EPS: $0.24 per diluted share
Result: reported results

Exact text from the filing

Quarterly Highlights: • Net sales totaled $327.8 million, up 4.8% year-over-year. Currency neutral net sales were up 10.9% year-over-year.

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Source: SEC EDGAR

accession 0000715787-22-000039

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