secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0000715787-22-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000039/0000715787-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000039/tile-20221104.htm
  HTML page:      https://secwatch.observer/filing/0000715787-22-000039

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