secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0000715787-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface Q1 net sales $289.7M (-2% YoY), EPS $0.24; raises FY2024 sales guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000016/0000715787-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000016/tile-20240503.htm
  HTML page:      https://secwatch.observer/filing/0000715787-24-000016

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