Interface Q3 net sales fall 5.1% to $311M, guides FY sales $1.245-1.265B

INTERFACE INC

2023-Q3 EPS reported $0.43 revenue$936,380,000

Q3 net sales $311.0M, down 5.1% YoY; gross margin up 226bps to 35.5%.
GAAP EPS $0.17, adjusted EPS $0.28; adjusted operating income $32.4M vs $31.2M YoY.
Generated $66.3M cash from ops, repaid $30.6M debt; total debt $444.4M, cash $119.6M.
Revises FY23 guidance: net sales $1.245-1.265B, adjusted gross margin ~34.4%, capex ~$32M.
CEO cites retail softness and macroeconomic uncertainty as headwinds; healthcare up 13% YoY.

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 0.4

INTERFACE INC reported financial results for the third quarter ended October 1, 2023.

Period: the third quarter ended October 1, 2023
Result: reported results

Exact text from the filing

On November 3, 2023, Interface, Inc. (the “Company”) issued a press release reporting its financial results for the third quarter of 2023 (the “Earnings Release”). A copy of the Earnings Release is included as Exhibit 99.1 hereto and hereby incorporated by reference.

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INTERFACE INC filing history →

Source: SEC EDGAR

accession 0000715787-23-000034

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