secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000715787-24-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000002/0000715787-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000002/tile-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000715787-24-000002

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