Interface reports Q4 adjusted EPS $0.31, full year adjusted EPS $1.25; provides 2023 guidance

INTERFACE INC

2022-FY EPS reported $0.33 revenue$1,297,919,000

Q4 net sales $335.6M (-1.2% YoY); currency neutral sales +3.6%. GAAP loss per share $0.42 (incl. $36.2M impairment); adjusted EPS $0.31.
Full year net sales $1.3B (+8.1%); GAAP EPS $0.33; adjusted EPS $1.25; adjusted operating income $132.4M (+8%).
Q1 2023 guidance: net sales $290-305M, adjusted gross margin ~34%, adjusted SG&A ~$82M.
Full year 2023 guidance: net sales growth 1-5%, adjusted gross margin ~35%, capex ~$32M.
CEO unveiled new company strategy in January; Q4 impacted by cybersecurity event and inflation.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERFACE INC reported fourth quarter and full fiscal year ended January 1, 2023 results: revenue Net sales totaled $335.6 million, net income GAAP net loss of $24.6 million, EPS $0.42 per diluted share.

Period: fourth quarter and full fiscal year ended January 1, 2023
Revenue: Net sales totaled $335.6 million
Net income: GAAP net loss of $24.6 million
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

and global leader in sustainability, today announced results for the fourth quarter and full fiscal year ended January 1, 2023. Highlights: Fourth Quarter: • Net sales totaled $335.6 million, down 1.2% year-over-year. Currency neutral net sales were up 3.6% year-over-year. • Currency neutral orders up 3.1% year-over-year. • GAAP loss per share of $0.42, inclusive of

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Source: SEC EDGAR

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