secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000715787-23-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578723000008/0000715787-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578723000008/tile-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000715787-23-000008

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