secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0000715787-24-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface Q3 net sales up 10.7% to $344.3M; EPS $0.48, raises FY2024 outlook
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- Q3 GAAP EPS $0.48 vs $0.17; adjusted EPS $0.48 vs $0.28; net income $28.4M vs $9.9M.
- Gross profit margin 37.1% (+162 bps); adjusted gross margin 37.5% (+158 bps).
- Americas segment sales $210.2M (+17.9%); EAAA sales $134.1M (+1.0%).
- Cash from operations $76.2M; debt repaid $51.3M in Q3; total debt $337.9M, cash $115.6M.
- Raised FY2024 guidance: net sales $1.315-1.325B; adjusted gross margin ~36.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000033/0000715787-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578724000033/tile-20241101.htm
  HTML page:      https://secwatch.observer/filing/0000715787-24-000033

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