secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0000715787-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface Q2 net sales up 5.2% to $346.6M; raises full-year guidance
--------------------------------------------------------------------

- GAAP EPS $0.38 vs $0.27 a year ago; adjusted EPS $0.40 vs $0.25.
- Gross margin expanded 145 bps to 35.4%; adjusted gross margin 35.7%.
- Currency neutral orders rose 8% YoY; backlog up 33% since start of 2024.
- Americas net sales +6.8%; orders up 15.3% currency neutral. EAAA net sales +2.6%.
- FY 2024 net sales guidance raised to $1.30-1.32B; adjusted gross margin ~36.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000025/0000715787-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000025/tile-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000715787-24-000025

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