{"schema_version":"secwatch.filing_event.v1","accession":"0000715787-24-000016","form_type":"8-K","ticker":"TILE","cik":"0000715787","company_name":"INTERFACE INC","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.751377+00:00","generated_at":"2026-06-02T23:29:42.889189+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Interface Q1 net sales $289.7M (-2% YoY), EPS $0.24; raises FY2024 sales guidance","bullets":["GAAP EPS $0.24 (vs loss $0.01 last year); adjusted EPS also $0.24 (vs $0.07).","Gross profit margin 38.1%, up 569 bps YoY; adjusted gross margin 38.6%.","Currency neutral orders up 5.1% YoY; Americas orders +6.8%, EAAA +2.8%.","FY2024 net sales guidance raised to $1.29-1.31B; Q2 net sales $335-345M.","Adjusted EBITDA $38.8M (Q1 2023: $26.3M); operating income $24.4M vs $9.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0000715787-24-000016","json":"https://secwatch.observer/filing/0000715787-24-000016.json","markdown":"https://secwatch.observer/filing/0000715787-24-000016.md","text":"https://secwatch.observer/filing/0000715787-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/715787/000071578724000016/0000715787-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/715787/000071578724000016/tile-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:29:42.889189+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f1027cd7609f2f0c5677203c97bf93d30b16087","claim":"INTERFACE INC reported first quarter ended March 31, 2024 results: revenue $289.7 million, net income $14.2 million, EPS $0.24 per diluted share. Guidance raised.","evidence_excerpt":"First quarter net sales were $289.7 million, down 2.0% versus $295.8 million in the prior year period. Gross profit margin was 38.1% in the first quarter of 2024, an increase of 569 basis points from the prior year period. Adjusted gross profit margin was 38.6%, an increase of 528 basis points from adjusted gross profit margin for the prior year period due primarily to input cost deflation, higher selling prices and favorable product mix. 1 First quarter SG&A expenses were $86.0 million, or 29.7% of net sales, compared to $86.3 million, or 29.2% of net sales in the first quarter of 2023. Adjusted SG&A expenses were $86.2 million, or 29.7% of net sales, in the first quarter of 2024, compared to $83.2 million, or 28.1% of net sales, in the first quarter of 2023. Operating Income: First quarter 2024 operating income was $24.4 million, compared to operating income of $9.5 million in the prior year period. First quarter 2024 adjusted operating income (\"AOI\") was $25.5 million versus AOI of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/715787/000071578724000016/0000715787-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$289.7 million"},{"label":"Net income","value":"$14.2 million"},{"label":"EPS","value":"$0.24 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}