---
schema_version: "secwatch.filing_event.v1"
accession: "0000715787-23-000022"
form_type: "8-K"
ticker: "TILE"
cik: "0000715787"
company_name: "INTERFACE INC"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T18:33:38.559030+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Interface Q1 net sales $295.8M (+2.7%); GAAP loss $0.01 EPS; cuts FY23 guidance on macro uncertainty

## Summary
- Net sales $295.8M (+2.7% YoY, +5.2% currency neutral); GAAP net loss $0.7M vs income $13.3M a year ago.
- Adjusted EPS $0.07 vs $0.28 prior year; adjusted EBITDA $26.3M down from $42.9M.
- FY23 guidance revised: net sales growth 0-3% (prior 1-5%); adj. gross margin 33-34% (prior ~35%).
- Americas sales +8.1%; EAAA -3.8% on FX; China orders weak; exit of Russia business.
- Generated $29.6M cash from ops, repaid $19.2M debt; cash $101.3M, debt $501.1M.

## SEC filing metadata
- accession: 0000715787-23-000022
- form_type: 8-K
- ticker: TILE
- cik: 0000715787
- company_name: INTERFACE INC
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715787/000071578723000022/0000715787-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715787/000071578723000022/tile-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000715787-23-000022
- JSON: https://secwatch.observer/filing/0000715787-23-000022.json
- Plain text: https://secwatch.observer/filing/0000715787-23-000022.txt

## Key facts
- Earnings Releases
  INTERFACE INC reported first quarter ended April 2, 2023 results: revenue $295.8 million, net income net loss of $0.7 million, EPS $0.01 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended April 2, 2023
  - Revenue: $295.8 million
  - Net income: net loss of $0.7 million
  - EPS: $0.01 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: solutions company where everything is certified carbon neutral, today announced results for the first quarter ended April 2, 2023. First quarter highlights: • Net sales totaled $295.8 million, up 2.7% year-over-year. Currency neutral net sales were up 5.2% year-over-year. • GAAP loss per share of $0.01; Adjusted earnings per share of $0.07 . • Strong year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/715787/000071578723000022/0000715787-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.