Interface Inc. Files 8-K on Financial Results and Disclosure
Ticker: TILE · Form: 8-K · Filed: Feb 27, 2024 · CIK: 715787
| Field | Detail |
|---|---|
| Company | Interface Inc (TILE) |
| Form Type | 8-K |
| Filed Date | Feb 27, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financial-results, regulation-fd, disclosure
TL;DR
**Interface Inc. just dropped an 8-K about their financial results and disclosures, so expect earnings info soon!**
AI Summary
INTERFACE INC filed an 8-K on February 27, 2024, reporting on its results of operations and financial condition. The filing also included a Regulation FD disclosure and financial statements and exhibits, indicating a release of financial information for the company.
Why It Matters
This filing signals that Interface Inc. has released or is about to release its financial performance data, which is crucial for investors to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — This 8-K is a standard notification of financial results and disclosures, not indicating any immediate adverse or highly positive events within the provided text.
Key Players & Entities
- INTERFACE INC (company) — filer of the 8-K
- February 27, 2024 (date) — date of earliest event reported
FAQ
What is the purpose of this 8-K filing by INTERFACE INC?
This 8-K filing by INTERFACE INC is to report on its results of operations and financial condition, include a Regulation FD disclosure, and provide financial statements and exhibits.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 27, 2024.
What is the Central Index Key (CIK) for INTERFACE INC?
The Central Index Key (CIK) for INTERFACE INC is 0000715787.
What is INTERFACE INC's Standard Industrial Classification (SIC)?
INTERFACE INC's Standard Industrial Classification (SIC) is CARPETS AND RUGS [2273].
What items are included in this 8-K filing?
The 8-K filing includes Item Information for Results of Operations and Financial Condition, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 1,084 words · 4 min read · ~4 pages · Grade level 13.2 · Accepted 2024-02-27 06:46:10
Key Financial Figures
- $0.10 — ange on Which Registered Common Stock, $0.10 Par Value Per Share TILE Nasdaq Global
Filing Documents
- tile-20240227.htm (8-K) — 39KB
- a991pressreleaseq42023.htm (EX-99.1) — 443KB
- investorpresentation2202.htm (EX-99.2) — 30KB
- interfacelogo2a.jpg (GRAPHIC) — 20KB
- investorpresentation2202001.jpg (GRAPHIC) — 268KB
- investorpresentation2202002.jpg (GRAPHIC) — 162KB
- investorpresentation2202003.jpg (GRAPHIC) — 109KB
- investorpresentation2202004.jpg (GRAPHIC) — 146KB
- investorpresentation2202005.jpg (GRAPHIC) — 119KB
- investorpresentation2202006.jpg (GRAPHIC) — 132KB
- investorpresentation2202007.jpg (GRAPHIC) — 108KB
- investorpresentation2202008.jpg (GRAPHIC) — 128KB
- investorpresentation2202009.jpg (GRAPHIC) — 30KB
- investorpresentation2202010.jpg (GRAPHIC) — 139KB
- investorpresentation2202011.jpg (GRAPHIC) — 86KB
- investorpresentation2202012.jpg (GRAPHIC) — 87KB
- investorpresentation2202013.jpg (GRAPHIC) — 81KB
- investorpresentation2202014.jpg (GRAPHIC) — 32KB
- investorpresentation2202015.jpg (GRAPHIC) — 139KB
- investorpresentation2202016.jpg (GRAPHIC) — 148KB
- investorpresentation2202017.jpg (GRAPHIC) — 28KB
- investorpresentation2202018.jpg (GRAPHIC) — 99KB
- investorpresentation2202019.jpg (GRAPHIC) — 93KB
- investorpresentation2202020.jpg (GRAPHIC) — 90KB
- investorpresentation2202021.jpg (GRAPHIC) — 53KB
- investorpresentation2202022.jpg (GRAPHIC) — 60KB
- investorpresentation2202023.jpg (GRAPHIC) — 112KB
- investorpresentation2202024.jpg (GRAPHIC) — 25KB
- investorpresentation2202025.jpg (GRAPHIC) — 84KB
- investorpresentation2202026.jpg (GRAPHIC) — 87KB
- investorpresentation2202027.jpg (GRAPHIC) — 93KB
- 0000715787-24-000002.txt ( ) — 4474KB
- tile-20240227.xsd (EX-101.SCH) — 2KB
- tile-20240227_lab.xml (EX-101.LAB) — 24KB
- tile-20240227_pre.xml (EX-101.PRE) — 12KB
- tile-20240227_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On February 27, 2024, Interface, Inc. (the "Company") issued a press release reporting its financial results for the fourth quarter and full year of 2023 (the "Earnings Release"). A copy of the Earnings Release is included as Exhibit 99.1 hereto and hereby incorporated by reference. The information set forth in this Item 2.02, including the exhibit hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. Non-GAAP Financial Measures in the Earnings Release The Earnings Release includes, as additional information for investors, the Company's adjusted earnings per share, adjusted net income, adjusted operating income ("AOI"), adjusted gross profit, adjusted gross profit margin, adjusted selling, general and administrative ("SG&A") expenses, currency neutral sales and currency neutral sales growth, net debt, and adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"). These measures are not in accordance with financial measures calculated in accordance with generally accepted accounting principles in the United States ("GAAP") and may be different from similarly titled non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be used as a substitute for, or considered superior to, GAAP financial measures. Adjusted EPS, adjusted net income, and AOI exclude nora purchase accounting amortization, the Thailand plant closure inventory write-down, cyber event costs , goodwill and intangible asset impairment charges, and restructuring, asset impairment, severance, and other, net. Adjusted EPS and adjusted net income also exclude the loss on the discontinuance of interest rate swaps, the loss on extinguishment of debt, property casualty lo
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure Management of Interface, Inc. (the "Company") has updated the slide presentation which may be used in whole or in part in meetings with and presentations to investors and potential investors. A copy of the slide presentation is attached as Exhibit 99.2. The information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press Release of Interface, Inc., dated February 27, 2024, reporting its financial results for the fourth quarter and full year of 2023 (furnished pursuant to Item 2.02 of this Report). 99.2 Interface Inc. slide presentation dated February 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERFACE, INC. By: /s/ Bruce A. Hausmann Bruce A. Hausmann Chief Financial Officer Date: February 27, 2024