Interface Q4 2023 adj EPS $0.41 beats $0.31 YoY; guides FY2024 sales $1.26-1.28B

INTERFACE INC

2023-FY EPS reported $0.76 revenue$1,261,498,000

Q4 net sales $325.1M (-3.1% YoY); GAAP EPS $0.33, adj EPS $0.41 (prior year adj $0.31).
Gross margin expanded 646 bps to 37.9%; adjusted gross margin 38.3%.
FY2023 net sales $1,261.5M (-2.8%); GAAP EPS $0.76, adj EPS $1.00 (prior year adj $1.25).
Generated $142M cash from ops; repaid $105.3M debt; cash $110.5M, total debt $417.2M.
Q1 2024 guidance: net sales $280-290M; FY2024 net sales $1.26-1.28B, adj gross margin ~35.5-35.8%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.75

INTERFACE INC reported financial results for the fourth quarter and full fiscal year ended December 31, 2023.

Period: the fourth quarter and full fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Interface, Inc. (the “Company”) issued a press release reporting its financial results for the fourth quarter and full year of 2023 (the “Earnings Release”).

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

INTERFACE INC filing history →

Source: SEC EDGAR

accession 0000715787-24-000002

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