Interface Inc【TILE】株式ニュース

Interface Reports First Quarter 2026 ResultsMay 8, 2026 5:30 AM
Business Wire One Interface strategy drives strong quarter; Company raises full year guidance Interface, Inc. (Nasdaq: TILE), the global flooring and sustainability leader, today announced results for the first quarter ended April 5, 2026. First quarter highlights (all comparisons are year-over-year, first quarter 2026 includes an extra week): Net sales totaled $331 million, up 11.3% year-over-year and up 6.8% currency neutral. GAAP earnings per diluted share of $0.40; Adjusted earnings per diluted share of $0.41. Momentum continues with One Interface strategy. “We delivered a strong start to 2026, with currency-neutral net sales growth of 7% and adjusted earnings per diluted share growth of 64%, reflecting consistent execution and continued momentum across the business,” commented Laurel Hurd, CEO of Interface. “Growth was broad based, across all product categories and key market segments, reinforcing the strength of our diversified portfolio and the impact of our One Interface strategy. Performance was led by Corporate Office and Healthcare, with global billings up 16% and 11%, respectively. We remain confident in our strategy and are well positioned to build on this momentum as we move through the year,” Hurd concluded. “We delivered significant earnings expansion in the first quarter, driven by disciplined execution and operational efficiencies,” added Bruce Hausmann, CFO of Interface. “Based on our strong first quarter performance and continued momentum, we are raising our full-year guidance. We remain focused on growth, margin expansion, and disciplined capital allocation, supported by a strong balance sheet to drive long-term shareholder value.” Consolidated Results Summary (Unaudited) Three Months Ended (in millions, except percentages and per share data) 4/5/2026 3/30/2025 Change GAAP Net Sales $ 331.0 $ 297.4 11.3 % Gross Profit Margin % of Net Sales 38.3 % 37.3 % 97 bps SG&A Expenses $ 94.4 $ 87.7 7.6 % SG&A Expenses % of Net Sales 28.5 % 29.5 % (99) bps Operating Income $ 32.3 $ 23.2 39.2 % Net Income $ 23.6 $ 13.0 81.6 % Earnings per Diluted Share $ 0.40 $ 0.22 81.8 % Non-GAAP Currency-Neutral Net Sales $ 317.6 $ 297.4 6.8 % Adjusted Gross Profit Margin % of Net Sales 38.3 % 37.7 % 55 bps Adjusted SG&A Expenses $ 94.0 $ 86.8 8.3 % Adjusted SG&A Expenses % of Net Sales 28.4 % 29.2 % (78) bps Adjusted Operating Income $ 32.7 $ 25.5 28.6 % Adjusted Net Income $ 23.9 $ 14.6 63.4 % Adjusted Earnings per Diluted Share $ 0.41 $ 0.25 64.0 % Adjusted EBITDA $ 46.8 $ 37.0 26.3 % Currency-Neutral Orders Increase Year-Over-Year 8.0 % First quarter 2026 adjusted gross profit margin increased 55 basis points year-over-year due to favorable pricing and product mix, and manufacturing efficiencies. First quarter 2026 adjusted SG&A expenses increased $7.2 million year-over-year due to higher sales commissions and variable compensation on increased sales and profits. Additional Metrics 4/5/2026 12/28/2025 Change Cash $ 61.2 $ 71.3 (14.1 )% Total Debt $ 196.5 $ 181.6 8.2 % Total Debt Minus Cash ("Net Debt") $ 135.3 $ 110.3 22.7 % Last 12-Months Adjusted EBITDA $ 227.6 Total Debt divided by Last 12-Months Net Income 1.6x Net Debt divided by Last 12-Months Adjusted EBITDA ("Net Leverage Ratio") 0.6x Segment Results Summary (Unaudited) Three Months Ended (in millions, except percentages) 4/5/2026 3/30/2025 Change AMS Net Sales $ 195.7 $ 179.9 8.7 % Currency-Neutral Net Sales $ 195.1 $ 179.9 8.4 % Operating Income $ 23.9 $ 19.1 24.8 % Adjusted Operating Income $ 23.9 $ 19.9 20.3 % Currency-Neutral Orders Increase Year-Over-Year 6.2 % EAAA Net Sales $ 135.4 $ 117.5 15.2 % Currency-Neutral Net Sales $ 122.6 $ 117.5 4.3 % Operating Income $ 8.4 $ 4.1 106.5 % Adjusted Operating Income $ 8.8 $ 5.6 57.9 % Currency-Neutral Orders Increase Year-Over-Year 11.2 % Note: Sum of segment items may differ from consolidated due to rounding of individual components Outlook Interface entered the second quarter with a healthy backlog and order momentum amidst a dynamic macro environment. With that backdrop in mind, Interface is raising its full year guidance and anticipates the following: Q2 Fiscal Year 2026 Outlook Net sales $385 million to $395 million Adjusted gross profit margin 39.9% of net sales Adjusted SG&A expenses $100 million Adjusted interest & other expenses $4 million Adjusted effective income tax rate 28.0% Fully diluted weighted average share count 59.0 million shares Note: All figures are approximate Full Fiscal Year 2026 Outlook Previous Full Fiscal Year 2026 Outlook Net sales $1.450 to $1.480 billion $1.420 to $1.460 billion Adjusted gross profit margin 38.8% to 39.0% of net sales 38.5% to 39.0% of net sales Adjusted SG&A expenses 26.2% to 26.4% of net sales 26.2% to 26.4% of net sales Adjusted interest & other expenses $14 to $16 million $16 million Adjusted effective income tax rate 26.0% 25.0% to 26.0% Capital expenditures $60 million $55 million Note: All figures are approximate Webcast and Conference Call Information Interface will host a conference call on May 8, 2026, at 8:00 a.m. Eastern Time, to discuss its first quarter 2026 results. The conference call will be simultaneously broadcast live over the Internet. Listeners may access the conference call live over the Internet at: https://events.q4inc.com/attendee/728510593, or through the Company's website at: https://investors.interface.com. The archived version of the webcast will be available at these sites for one year beginning approximately one hour after the call ends. Non-GAAP Financial Measures Interface provides adjusted earnings per share, adjusted net income, adjusted operating income ("AOI"), adjusted gross profit, adjusted gross profit margin, adjusted SG&A expenses, currency- neutral sales and currency-neutral sales growth, net debt, and adjusted EBITDA as additional information regarding its operating results in this press release. These non-GAAP measures are not in accordance with – or alternatives to – GAAP measures, and may be different from non-GAAP measures used by other companies. Adjusted EPS, adjusted net income, and AOI exclude restructuring, asset impairment, severance, and other, net and the nora purchase accounting amortization. Adjusted gross profit and adjusted gross profit margin exclude the nora purchase accounting amortization. Adjusted SG&A expenses exclude restructuring, asset impairment, severance, and other, net. Currency-neutral sales and currency-neutral sales growth exclude the impact of foreign currency fluctuations. Net debt is total debt less cash on hand. Adjusted EBITDA is GAAP net income excluding interest expense, income tax expense, depreciation and amortization, share-based compensation expense, restructuring, asset impairment, severance, and other, net, the nora purchase accounting amortization, and a warehouse fire recovery. This news release should be read in conjunction with the Company's Current Report on Form 8-K furnished today to the U.S. Securities & Exchange Commission, which explains why Interface believes presentation of these non-GAAP measures provides useful information to investors, as well as any additional material purposes for which Interface uses these non-GAAP measures. About Interface Interface is a global flooring and sustainability leader dedicated to rethinking how spaces work for people and the planet. Our portfolio includes Interface® carpet tile and LVT, nora® rubber flooring, and FLOR® premium area rugs. Across every brand, we innovate in a way that combines design, performance, and sustainability—without compromise. Trusted by architects, designers, and building professionals worldwide, we help bring bold visions to life with solutions that deliver real, measurable impact. Building on more than 30 years of sustainability progress and industry-first innovation, we remain ‘all in’ on our goal of becoming carbon negative by 2040, without the use of offsets. Learn more about Interface (NASDAQ: TILE) and our brands at interface.com and FLOR.com. Join us on Facebook, Instagram, LinkedIn, and Pinterest. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the other matters set forth in this news release are forward-looking statements. Forward-looking statements may be identified by words such as “may,” “expect,” “forecast,” “anticipate,” “intend,” “plan,” “believe,” “could,” “should,” “goal,” “aim," “objective,” “seek,” “project,” “estimate,” “target,” “will” and similar expressions. Forward-looking statements in this press release include, without limitation, any projections we make regarding the Company’s 2026 second quarter and full year 2026 under “Outlook” above. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including but not limited to the risks under the following subheadings in “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2025: "We compete with a large number of manufacturers in the highly competitive floorcovering products market, and some of these competitors have greater financial resources than we do. We may face challenges competing on price, making investments in our business, or competing on product design or sustainability", "Our earnings could be adversely affected by non-cash adjustments to goodwill, when a test of goodwill assets indicates a material impairment of those assets", "Our success depends significantly upon the efforts, abilities and continued service of our senior management executives, our principal design consultant and other key personnel (including experienced sales and manufacturing personnel), and our loss of any of them could affect us adversely", "Changes in foreign trade policies and tariffs may adversely impact our business, financial condition, and results of operations", "Large increases in the cost of our raw materials, shipping costs, duties or tariffs could adversely affect us if we are unable to offset them or pass these cost increases through to our customers", "Unanticipated termination or interruption of any of our arrangements with our primary third-party suppliers of synthetic fiber or our primary third-party supplier for luxury vinyl tile (“LVT”) or other key raw materials could have a material adverse effect on us", "Changes to our facilities, manufacturing processes, product construction, and product composition could disrupt our operations, increase our manufacturing costs, increase customer complaints, increase warranty claims, negatively affect our reputation, and have a material adverse effect on our financial condition and results of operations", "Our business operations could suffer significant losses from natural disasters, acts of war, terrorism, catastrophes, fire, adverse weather conditions, pandemics, endemics, unstable geopolitical situations or other unexpected events", "The market price of our common stock has been volatile and the value of your investment may decline", "Sales of our principal products have been and may continue to be affected by adverse economic conditions and cycles, and effects in the new construction market and renovation market", "Disruptions to or failures of information technology systems we use could adversely affect our business", "The impact of potential changes to environmental laws and regulations and industry standards regarding climate change and other sustainability matters could lead to unforeseen disruptions to our business operations", "Public health crisis events, such as epidemics or pandemics, have in the past adversely impacted, and may in the future impact, the economy and disrupt our operations and supply chains, which may have an adverse effect on our results of operations", "Our substantial international operations are subject to various political, economic and other uncertainties that could adversely affect our business results, including restrictive taxation, custom duties, tariffs, border closings or other adverse government regulations", "The conflicts between Russia and Ukraine and in the Middle East could adversely affect our business, results of operations and financial position", "Fluctuations in foreign currency exchange rates have had, and could continue to have, an adverse impact on our financial condition and results of operations", "We have a substantial amount of debt, which could adversely affect our business, financial condition and results of operations and our ability to meet our payment obligations under our debt", "Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our operations to pay our indebtedness", "We may incur substantial additional indebtedness, which could further exacerbate the risks associated with our substantial indebtedness", and "We face risks associated with litigation and claims". You should consider any additional or updated information we include under the heading “Risk Factors” in our subsequent quarterly and annual reports. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements made in this press release and cautions readers not to place undue reliance on any such forward-looking statements. Consolidated Statements of Operations (Unaudited) Three Months Ended (In thousands, except per share data) 4/5/2026 3/30/2025 Net Sales $ 331,037 $ 297,413 Cost of Sales 204,314 186,450 Gross Profit 126,723 110,963 Selling, General & Administrative Expenses 94,393 87,736 Operating Income 32,330 23,227 Interest Expense 2,665 4,415 Other Expense, net 774 1,703 Income Before Income Tax Expense 28,891 17,109 Income Tax Expense 5,280 4,107 Net Income $ 23,611 $ 13,002 Earnings Per Share – Basic $ 0.41 $ 0.22 Earnings Per Share – Diluted $ 0.40 $ 0.22 Common Shares Outstanding – Basic 58,098 58,434 Common Shares Outstanding – Diluted 59,010 59,173 Consolidated Balance Sheets (Unaudited) (In thousands) 4/5/2026 12/28/2025 Assets Cash and Cash Equivalents $ 61,231 $ 71,323 Accounts Receivable, net 163,303 174,457 Inventories, net 294,193 275,014 Other Current Assets 43,532 34,048 Total Current Assets 562,259 554,842 Property, Plant and Equipment, net 311,225 309,449 Operating Lease Right-of-Use Assets 73,395 78,191 Goodwill and Intangibles Assets, net 159,672 163,012 Other Assets 99,237 101,028 Total Assets $ 1,205,788 $ 1,206,522 Liabilities Accounts Payable $ 88,123 $ 64,768 Accrued Expenses 119,678 147,770 Current Portion of Operating Lease Liabilities 14,698 15,748 Current Portion of Long-Term Debt 8,789 8,778 Total Current Liabilities 231,288 237,064 Long-Term Debt 187,698 172,801 Operating Lease Liabilities 63,238 67,205 Other Long-Term Liabilities 88,979 88,778 Total Liabilities 571,203 565,848 Shareholders’ Equity 634,585 640,674 Total Liabilities and Shareholders’ Equity $ 1,205,788 $ 1,206,522 Consolidated Statements of Cash Flows (Unaudited) Three Months Ended (In thousands) 4/5/2026 3/30/2025 OPERATING ACTIVITIES Net Income $ 23,611 $ 13,002 Adjustments to Reconcile Net Income to Cash Provided by Operating Activities: Depreciation and Amortization 9,876 9,401 Share-Based Compensation Expense 5,033 4,145 Amortization of Acquired Intangible Assets — 1,255 Deferred Taxes 677 (837 ) Other 461 3,070 Change in Working Capital Accounts Receivable 10,465 10,675 Inventories (21,185 ) (16,339 ) Prepaid Expenses and Other Current Assets (9,737 ) (3,438 ) Accounts Payable and Accrued Expenses (5,663 ) (9,195 ) Cash Provided by Operating Activities 13,538 11,739 INVESTING ACTIVITIES Capital Expenditures (10,327 ) (7,467 ) Cash Used in Investing Activities (10,327 ) (7,467 ) FINANCING ACTIVITIES Repayments of Long-term Debt (27,076 ) (122 ) Borrowings of Long-term Debt 41,752 — Tax Withholding Payments for Share-Based Compensation (13,937 ) (7,730 ) Repurchases of Common Stock (12,000 ) — Dividends Paid (138 ) (54 ) Finance Lease Payments (983 ) (762 ) Cash Used in Financing Activities (12,382 ) (8,668 ) Net Cash Used in Operating, Investing and Financing Activities (9,171 ) (4,396 ) Effect of Exchange Rate Changes on Cash (921 ) 2,927 CASH AND CASH EQUIVALENTS Net Change During the Period (10,092 ) (1,469 ) Balance at Beginning of Period 71,323 99,226 Balance at End of Period $ 61,231 $ 97,757 Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures (Unaudited) (In millions, except per share amounts) First Quarter 2026 First Quarter 2025 Adjustments Adjustments Gross Profit SG&A Expenses Operating Income (Loss) Pre-tax Tax Effect Net Income (Loss) Diluted EPS Gross Profit SG&A Expenses Operating Income (Loss) Pre-tax Tax Effect Net Income (Loss) Diluted EPS GAAP As Reported $ 126.7 $ 94.4 $ 32.3 $ 23.6 $ 0.40 $ 111.0 $ 87.7 $ 23.2 $ 13.0 $ 0.22 Non-GAAP Adjustments: Purchase Accounting Amortization — — — — — — — 1.3 — 1.3 1.3 (0.4 ) 0.9 0.02 Restructuring, Asset Impairment, Severance, and Other, net — (0.4 ) 0.4 0.4 (0.1 ) 0.3 0.01 — (1.0 ) 1.0 1.0 (0.2 ) 0.7 0.01 Adjustments Subtotal * — (0.4 ) 0.4 0.4 (0.1 ) 0.3 0.01 1.3 (1.0 ) 2.2 2.2 (0.6 ) 1.6 0.03 Adjusted (non-GAAP) * $ 126.7 $ 94.0 $ 32.7 $ 23.9 $ 0.41 $ 112.2 $ 86.8 $ 25.5 $ 14.6 $ 0.25 * Note: Sum of reconciling items may differ from total due to rounding of individual components Reconciliation of Segment GAAP Financial Measures to Non-GAAP Financial Measures ("Currency-Neutral Net Sales", and "AOI") (In millions) First Quarter 2026 First Quarter 2025 AMS Segment EAAA Segment Consolidated * AMS Segment EAAA Segment Consolidated * Net Sales as Reported (GAAP) $ 195.7 $ 135.4 $ 331.0 $ 179.9 $ 117.5 $ 297.4 Impact of Changes in Currency (0.6 ) (12.8 ) (13.4 ) — — — Currency-Neutral Net Sales * $ 195.1 $ 122.6 $ 317.6 $ 179.9 $ 117.5 $ 297.4 * Note: Sum of reconciling items may differ from total due to rounding of individual components First Quarter 2026 First Quarter 2025 AMS Segment EAAA Segment Consolidated * AMS Segment EAAA Segment Consolidated * GAAP Operating Income (Loss) $ 23.9 $ 8.4 $ 32.3 $ 19.1 $ 4.1 $ 23.2 Non-GAAP Adjustments: Purchase Accounting Amortization — — — — 1.3 1.3 Restructuring, Asset Impairment, Severance, and Other, net — 0.4 0.4 0.7 0.2 1.0 Adjustments Subtotal * — 0.4 0.4 0.7 1.5 2.2 AOI * $ 23.9 $ 8.8 $ 32.7 $ 19.9 $ 5.6 $ 25.5 * Note: Sum of reconciling items may differ from total due to rounding of individual components (in millions) First Quarter 2026 First Quarter 2025 Last Twelve Months (LTM) Ended 4/5/2026 Fiscal Year 2025 Net Income as Reported (GAAP) $ 23.6 $ 13.0 $ 126.7 $ 116.1 Income Tax Expense 5.3 4.1 21.9 20.8 Interest Expense (including debt issuance cost amortization) 2.7 4.4 17.8 19.5 Depreciation and Amortization (excluding debt issuance cost amortization) 9.8 9.1 38.5 37.9 Share-based Compensation Expense 5.0 4.1 15.3 14.4 Purchase Accounting Amortization — 1.3 1.8 3.1 Restructuring, Asset Impairment, Severance, and Other, net 0.4 1.0 6.1 6.7 Warehouse Fire Recovery(1) — — (0.6 ) (0.6 ) Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)* $ 46.8 $ 37.0 $ 227.6 $ 217.9 (1) Represents insurance recovery of loss recognized in the second quarter 2020. * Note: Sum of reconciling items may differ from total due to rounding of individual components As of 4/5/26 Total Debt, net $ 196.5 Total Cash on Hand (61.2 ) Total Debt, Net of Cash on Hand (Net Debt) $ 135.3 The impacts of changes in foreign currency presented in the tables are calculated based on applying the prior year period's average foreign currency exchange rates to the current year period. The Company believes that the above non-GAAP performance measures, which management uses in managing and evaluating the Company’s business, may provide users of the Company’s financial information with additional meaningful basis for comparing the Company’s current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, these non-GAAP performance measures should be viewed in addition to, and not as an alternative for, the Company’s reported results under accounting principles generally accepted in the United States. Tax effects identified above (when applicable) are calculated using the statutory tax rate for the jurisdictions in which the charge or income occurred. View source version on businesswire.com: https://www.businesswire.com/news/home/20260508820584/en/ Media Contact:
Christine Needles
Global Corporate Communications

Interface Reports Fourth Quarter and Full Year 2025 ResultsFebruary 24, 2026 5:30 AM
Business Wire
Delivered record 2025 sales and profitability as One Interface strategy accelerates growth

Interface, Inc. (Nasdaq: TILE), the global flooring and sustainability leader, today announced results for the fourth quarter and full fiscal year ended December 28, 2025.

Fourth quarter highlights (all comparisons are year-over-year):

Net sales totaled $349 million, up 4.3% and 1.6% on a currency-neutral basis.

GAAP earnings per diluted share of $0.41; Adjusted earnings per diluted share of $0.49.

Generated $49 million of cash from operations, repaid $128 million of debt and repurchased $13 million of common stock.

Fiscal Year highlights (all comparisons are year-over-year):

Net sales totaled $1,387 million, up 5.4% and 4.3% on a currency-neutral basis.

Gross profit margin of 38.7%; Adjusted gross profit margin of 39.0%.

GAAP earnings per diluted share of $1.96; Adjusted earnings per diluted share of $1.94.

“We delivered record results in 2025 as our team executed well in a dynamic macro environment. Currency-neutral net sales increased 4% year over year, driven by growth across all regions, all product categories, and key market segments. Adjusted gross profit margin expanded to 39%, reflecting favorable pricing and mix, as well as manufacturing efficiencies,” commented Laurel Hurd, CEO of Interface.

“Our One Interface strategy continues to fuel growth as we strengthen global capabilities, improve commercial productivity, and simplify and optimize our operations. Performance was particularly strong in Healthcare and Education, with global billings up 21% and 8% respectively for the year, while we continued to gain share in Corporate Office,” continued Hurd.

“We are proud of the progress our teams made throughout 2025. While macro conditions remain uncertain, we enter 2026 with confidence as we execute our One Interface strategy. We remain focused on expanding our addressable market through new designs and innovation, while allocating capital in a disciplined manner to drive enhanced shareholder value that reinforces our leadership in design, performance and sustainability,” concluded Hurd.

“Our 2025 performance delivered strong earnings growth. Adjusted earnings per diluted share increased 33% year over year, underscoring the benefits of our ongoing operational discipline, consistent execution, and the high quality of our earnings. Strong cash generation further strengthened our balance sheet, enabling us to repay debt, extend remaining debt maturities to 2030, increase our quarterly dividend, and repurchase shares while we continued to invest in the business,” added Bruce Hausmann, CFO of Interface.

Consolidated Results Summary (Unaudited)

Three Months Ended

Twelve Months Ended

(in millions, except percentages and per share data)

12/28/2025

12/29/2024

Change

12/28/2025

12/29/2024

Change

GAAP

Net Sales

$

349.4

$

335.0

4.3

%

$

1,386.9

$

1,315.7

5.4

%

Gross Profit Margin % of Net Sales

38.6

%

36.5

%

208 bps

38.7

%

36.7

%

204 bps

SG&A Expenses

$

99.4

$

92.7

7.3

%

$

373.4

$

348.5

7.1

%

SG&A Expenses % of Net Sales

28.5

%

27.7

%

80 bps

26.9

%

26.5

%

43 bps

Operating Income

$

35.4

$

29.6

19.3

%

$

164.0

$

134.4

22.0

%

Net Income

$

24.4

$

21.8

12.1

%

$

116.1

$

86.9

33.5

%

Earnings per Diluted Share

$

0.41

$

0.37

10.8

%

$

1.96

$

1.48

32.4

%

Non-GAAP

Currency-Neutral Net Sales

$

340.4

$

335.0

1.6

%

$

1,371.9

$

1,315.7

4.3

%

Adjusted Gross Profit Margin % of Net Sales

38.6

%

36.9

%

169 bps

39.0

%

37.1

%

187 bps

Adjusted SG&A Expenses

$

96.6

$

90.8

6.3

%

$

366.7

$

346.7

5.8

%

Adjusted SG&A Expenses % of Net Sales

27.6

%

27.1

%

53 bps

26.4

%

26.4

%

9 bps

Adjusted Operating Income

$

38.2

$

32.8

16.7

%

$

173.8

$

141.4

22.9

%

Adjusted Net Income

$

28.9

$

20.1

44.0

%

$

114.8

$

86.2

33.2

%

Adjusted Earnings per Diluted Share

$

0.49

$

0.34

44.1

%

$

1.94

$

1.46

32.9

%

Adjusted EBITDA

$

49.8

$

46.0

8.2

%

$

217.9

$

189.0

15.3

%

Currency-Neutral Orders Increase Year-Over-Year

1.9

%

Fourth quarter 2025 adjusted gross profit margin increased 169 basis points year-over-year due to favorable pricing, favorable product mix, and a nonrecurring inventory reserve adjustment; partially offset by higher input costs.

Fourth quarter 2025 adjusted SG&A expenses increased year-over-year due to foreign exchange translation, merit and inflation driven increases, and higher variable compensation on increased sales and profits.

Additional Metrics

12/28/2025

12/29/2024

Change

Cash

$

71.3

$

99.2

(28.1

)%

Total Debt

$

181.6

$

302.8

(40.0

)%

Total Debt Minus Cash ("Net Debt")

$

110.3

$

203.5

(45.8

)%

Fiscal Year 2025 Adjusted EBITDA

$

217.9

Total Debt divided by Fiscal Year 2025 Net Income

1.6x

Net Debt divided by Fiscal Year 2025 Adj. EBITDA ("Net Leverage Ratio")

0.5x

Segment Results Summary (Unaudited)

Three Months Ended

Twelve Months Ended

(in millions, except percentages)

12/28/2025

12/29/2024

Change

12/28/2025

12/29/2024

Change

AMS

Net Sales

$

205.9

$

205.7

0.1

%

$

843.9

$

800.8

5.4

%

Currency-Neutral Net Sales

$

205.8

$

205.7

—

%

$

844.9

$

800.8

5.5

%

Operating Income

$

27.3

$

28.5

(4.0

)%

$

135.7

$

105.3

28.9

%

Adjusted Operating Income

$

28.1

$

29.4

(4.3

)%

$

137.3

$

106.6

28.8

%

Currency-Neutral Orders Increase Year-Over-Year

3.2

%

EAAA

Net Sales

$

143.5

$

129.3

11.0

%

$

543.0

$

514.8

5.5

%

Currency-Neutral Net Sales

$

134.6

$

129.3

4.1

%

$

527.1

$

514.8

2.4

%

Operating Income

$

8.0

$

1.2

587.7

%

$

28.3

$

29.1

(2.8

)%

Adjusted Operating Income

$

10.1

$

3.4

197.9

%

$

36.5

$

34.8

4.8

%

Currency-Neutral Orders Increase Year-Over-Year

0.1

%

Outlook

Interface entered fiscal year 2026 with solid orders and a healthy backlog, while remaining mindful of ongoing macro uncertainty and a competitive industry environment. In addition, the Company's fiscal year 2026 includes 53 weeks with an extra week in the first quarter, which is reflected in the guidance below. With that backdrop in mind, the Company anticipates the following:

Q1 Fiscal Year 2026 Outlook

Net sales

$315 million to $325 million

Adjusted gross profit margin

38.0% of net sales

Adjusted SG&A expenses

$94 million

Adjusted interest & other expenses

$4 million

Adjusted effective income tax rate

18.0%

Fully diluted weighted average share count

59.1 million shares

Note: All figures are approximate

Full Fiscal Year 2026 Outlook

Net sales

$1.420 billion to $1.460 billion

Adjusted gross profit margin

38.5% to 39.0% of net sales

Adjusted SG&A expenses

26.2% to 26.4% of net sales

Adjusted interest & other expenses

$16 million

Adjusted effective income tax rate

25.0% to 26.0%

Capital expenditures

$55 million

Note: All figures are approximate

Webcast and Conference Call Information

Interface will host a conference call on February 24, 2026, at 8:00 a.m. Eastern Time, to discuss its fourth quarter and fiscal year 2025 results. The conference call will be simultaneously broadcast live over the Internet.

Listeners may access the conference call live over the Internet at:

https://events.q4inc.com/attendee/621335748, or through the Company's website at: https://investors.interface.com.

The archived version of the webcast will be available at these sites for one year beginning approximately one hour after the call ends.

Non-GAAP Financial Measures

Interface provides adjusted earnings per share, adjusted net income, adjusted operating income ("AOI"), adjusted gross profit, adjusted gross profit margin, adjusted SG&A expenses, currency- neutral sales and currency-neutral sales growth, net debt, and adjusted EBITDA as additional information regarding its operating results in this press release. These non-GAAP measures are not in accordance with – or alternatives to – GAAP measures, and may be different from non-GAAP measures used by other companies. Adjusted EPS, adjusted net income, and AOI exclude nora purchase accounting amortization, the cyber event impact, and restructuring, asset impairment, severance, and other, net. Adjusted EPS and adjusted net income also exclude the loss on debt extinguishment, a warehouse fire recovery, property casualty loss impact, the loss on foreign subsidiary liquidation, the UK pension surplus tax rate change, and deferred taxes - rate changes and other. Adjusted gross profit and adjusted gross profit margin exclude the nora purchase accounting amortization. Adjusted SG&A expenses exclude restructuring, asset impairment, severance, and other, net and the cyber event impact. Currency-neutral sales and currency-neutral sales growth exclude the impact of foreign currency fluctuations.

Net debt is total debt less cash on hand. Adjusted EBITDA is GAAP net income excluding interest expense, income tax expense, depreciation and amortization, share-based compensation expense, cyber event impact, property casualty loss impact, restructuring, asset impairment, severance, and other, net, nora purchase accounting amortization, a warehouse fire recovery, and the loss on foreign subsidiary liquidation. This news release should be read in conjunction with the Company's Current Report on Form 8-K furnished today to the U.S. Securities & Exchange Commission, which explains why Interface believes presentation of these non-GAAP measures provides useful information to investors, as well as any additional material purposes for which Interface uses these non-GAAP measures.

About Interface

Interface is a global flooring and sustainability leader dedicated to rethinking how spaces work for people and the planet. Our portfolio includes Interface® carpet tile and LVT, nora® rubber flooring, and FLOR® premium area rugs. Across every brand, we innovate in a way that combines design, performance, and sustainability—without compromise.

Trusted by architects, designers, and building professionals worldwide, we help bring bold visions to life with solutions that deliver real, measurable impact. Building on more than 30 years of sustainability progress and industry-first innovation, we remain ‘all in’ on our goal of becoming carbon negative by 2040, without the use of offsets.

Learn more about Interface (NASDAQ: TILE) and our brands at interface.com and FLOR.com. Join us on Facebook, Instagram, LinkedIn, and Pinterest.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Except for historical information contained herein, the other matters set forth in this news release are forward-looking statements. Forward-looking statements may be identified by words such as “may,” “expect,” “forecast,” “anticipate,” “intend,” “plan,” “believe,” “could,” “should,” “goal,” “aim," “objective,” “seek,” “project,” “estimate,” “target,” “will” and similar expressions. Forward-looking statements in this press release include, without limitation, any projections we make regarding the Company’s first quarter and full year 2026 under “Outlook” above. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including but not limited to the risks under the following subheadings in “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2024, and Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2025: "We compete with a large number of manufacturers in the highly competitive floorcovering products market, and some of these competitors have greater financial resources than we do. We may face challenges competing on price, making investments in our business, or competing on product design or sustainability", "Our earnings could be adversely affected by non-cash adjustments to goodwill, when a test of goodwill assets indicates a material impairment of those assets", "Our success depends significantly upon the efforts, abilities and continued service of our senior management executives, our principal design consultant and other key personnel (including experienced sales and manufacturing personnel), and our loss of any of them could affect us adversely", "Large increases in the cost of our raw materials, shipping costs, duties or tariffs could adversely affect us if we are unable to pass these cost increases through to our customers", "Unanticipated termination or interruption of any of our arrangements with our primary third-party suppliers of synthetic fiber or our primary third-party supplier for luxury vinyl tile (“LVT”) or other key raw materials could have a material adverse effect on us", "Changes to our facilities, manufacturing processes, product construction, and product composition could disrupt our operations, increase our manufacturing costs, increase customer complaints, increase warranty claims, negatively affect our reputation, and have a material adverse effect on our financial condition and results of operations", "Our business operations could suffer significant losses from natural disasters, acts of war, terrorism, catastrophes, fire, adverse weather conditions, pandemics, endemics, unstable geopolitical situations or other unexpected events", "The market price of our common stock has been volatile and the value of your investment may decline", "Sales of our principal products have been and may continue to be affected by adverse economic cycles, and effects in the new construction market and renovation market", "Disruptions to or failures of information technology systems we use could adversely affect our business", "The impact of potential changes to environmental laws and regulations and industry standards regarding climate change and other sustainability matters could lead to unforeseen disruptions to our business operations", "Health crisis events, such as epidemics or pandemics, have adversely impacted, and may continue to impact, the economy and disrupt our operations and supply chains, which may have an adverse effect on our results of operations", Our substantial international operations are subject to various political, economic and other uncertainties that could adversely affect our business results, including foreign currency fluctuations, restrictive taxation, custom duties, tariffs, border closings or other adverse government regulations", "The conflicts between Russia and Ukraine and in the Middle East could adversely affect our business, results of operations and financial position", "Fluctuations in foreign currency exchange rates have had, and could continue to have, an adverse impact on our financial condition and results of operations", "The uncertainty surrounding the ongoing implementation and effect of the U.K.’s exit from the European Union, and related negative developments in the European Union, could adversely affect our business, results of operations or financial condition", "We have a substantial amount of debt, which could adversely affect our business, financial condition and results of operations and our ability to meet our payment obligations under our debt", "Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our operations to pay our indebtedness", "We may incur substantial additional indebtedness, which could further exacerbate the risks associated with our substantial indebtedness", "We face risks associated with litigation and claims", and “Changes in foreign trade policies and tariffs may adversely impact our business, financial condition, and results of operations”.

You should consider any additional or updated information we include under the heading “Risk Factors” in our subsequent quarterly and annual reports.

Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements made in this press release and cautions readers not to place undue reliance on any such forward-looking statements.

Consolidated Statements of Operations (Unaudited)

Three Months Ended

Twelve Months Ended

(In thousands, except per share data)

12/28/2025

12/29/2024

12/28/2025

12/29/2024

Net Sales

$

349,393

$

335,010

$

1,386,854

$

1,315,658

Cost of Sales

214,585

212,705

849,474

832,710

Gross Profit

134,808

122,305

537,380

482,948

Selling, General & Administrative Expenses

99,447

92,671

373,385

348,542

Operating Income

35,361

29,634

163,995

134,406

Interest Expense

6,477

4,888

19,546

23,205

Other Expense (Income), net

1,825

(2,590

)

7,598

(2,353

)

Income Before Income Tax Expense

27,059

27,336

136,851

113,554

Income Tax Expense

2,670

5,570

20,753

26,608

Net Income

$

24,389

$

21,766

$

116,098

$

86,946

Earnings Per Share – Basic

$

0.42

$

0.37

$

1.99

$

1.49

Earnings Per Share – Diluted

$

0.41

$

0.37

$

1.96

$

1.48

Common Shares Outstanding – Basic

58,142

58,304

58,375

58,282

Common Shares Outstanding – Diluted

59,262

59,209

59,162

58,871

Consolidated Balance Sheets (Unaudited)

(In thousands)

12/28/2025

12/29/2024

Assets

Cash and Cash Equivalents

$

71,323

$

99,226

Accounts Receivable, net

174,457

171,135

Inventories, net

275,014

260,581

Other Current Assets

34,048

33,355

Total Current Assets

554,842

564,297

Property, Plant and Equipment, net

309,449

282,374

Operating Lease Right-of-Use Assets

78,191

76,815

Goodwill

112,127

99,887

Other Intangibles, net

50,885

48,273

Other Assets

101,028

99,170

Total Assets

$

1,206,522

$

1,170,816

Liabilities

Accounts Payable

$

64,768

$

68,943

Accrued Expenses

147,770

134,996

Current Portion of Operating Lease Liabilities

15,748

12,296

Current Portion of Long-Term Debt

8,778

482

Total Current Liabilities

237,064

216,717

Long-Term Debt

172,801

302,275

Operating Lease Liabilities

67,205

68,092

Other Long-Term Liabilities

88,778

94,584

Total Liabilities

565,848

681,668

Shareholders’ Equity

640,674

489,148

Total Liabilities and Shareholders’ Equity

$

1,206,522

$

1,170,816

Consolidated Statements of Cash Flows (Unaudited)

Twelve Months Ended

(In thousands)

12/28/2025

12/29/2024

OPERATING ACTIVITIES

Net Income

$

116,098

$

86,946

Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:

Depreciation and Amortization

38,916

39,333

Share-Based Compensation Expense

14,385

12,907

Loss on Disposal of Property, Plant and Equipment, net

—

264

Loss on Foreign Subsidiary Liquidation

—

2,152

Bad Debt Expense

1,441

1,476

Loss on Debt Extinguishment

2,440

—

Amortization of Acquired Intangible Assets

3,073

5,172

Deferred Taxes

(12,958

)

(3,034

)

Other

(4,715

)

(8,480

)

Change in Working Capital

Accounts Receivable

4,620

(13,872

)

Inventories

2,102

10,467

Prepaid Expenses and Other Current Assets

590

(3,079

)

Accounts Payable and Accrued Expenses

1,914

18,178

Cash Provided by Operating Activities

167,906

148,430

INVESTING ACTIVITIES

Capital Expenditures

(46,192

)

(33,788

)

Proceeds from Sale of Property, Plant and Equipment

—

1,040

Insurance Proceeds from Property Casualty Loss

—

2,374

Cash Used in Investing Activities

(46,192

)

(30,374

)

FINANCING ACTIVITIES

Revolving Loan Borrowing

41,701

34,243

Revolving Loan Repayments

(35,515

)

(34,243

)

Term Loan Borrowings

170,000

—

Term Loan Repayments

(390

)

(115,213

)

Senior Notes Repayment

(300,000

)

—

Repurchase of Common Stock

(18,175

)

—

Tax Withholding Payments for Share-Based Compensation

(8,372

)

(4,770

)

Debt Issuance Costs

(1,303

)

—

Payments for Debt Extinguishment Costs

(620

)

—

Dividends Paid

(3,559

)

(2,338

)

Finance Lease Payments

(3,059

)

(2,913

)

Cash Used in Financing Activities

(159,292

)

(125,234

)

Net Cash Used in Operating, Investing and Financing Activities

(37,578

)

(7,178

)

Effect of Exchange Rate Changes on Cash

9,675

(4,094

)

CASH AND CASH EQUIVALENTS

Net Change During the Period

(27,903

)

(11,272

)

Balance at Beginning of Period

99,226

110,498

Balance at End of Period

$

71,323

$

99,226

Net Sales by Region (Unaudited)

Twelve Months Ended

% of Total

12/28/2025

Net Sales

AMS

61

%

EMEA

29

%

APAC

10

%

Consolidated Net Sales

100

%

Gross Billings by Customer Vertical (Unaudited)

Twelve Months Ended

% of Total

12/28/2025

Gross Billings

Corporate/Office

44

%

Education

20

%

Healthcare

11

%

Other

25

%

Consolidated Gross Billings *

100

%

* Note: Sum of reconciling items may differ from total due to rounding of individual components

Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures (Unaudited)

(In millions, except per share amounts)

Fourth Quarter 2025

Fourth Quarter 2024

Adjustments

Adjustments

Gross Profit

SG&A Expenses

Operating Income (Loss)

Pre-tax

Tax Effect

Net Income (Loss)

Diluted EPS

Gross Profit

SG&A Expenses

Operating Income (Loss)

Pre-tax

Tax Effect

Net Income (Loss)

Diluted EPS

GAAP As Reported

$

134.8

$

99.4

$

35.4

$

24.4

$

0.41

$

122.3

$

92.7

$

29.6

$

21.8

$

0.37

Non-GAAP Adjustments:

Purchase Accounting Amortization

—

—

—

—

—

—

—

1.3

—

1.3

1.3

(0.4

)

0.9

0.02

Restructuring, Asset Impairment, Severance, and Other, net

—

(2.9

)

2.9

2.9

(0.7

)

2.2

0.04

—

(2.2

)

2.2

2.2

(0.5

)

1.7

0.03

Cyber Event Impact

—

—

—

—

—

—

—

—

0.3

(0.3

)

(5.1

)

1.2

(3.9

)

(0.07

)

Loss on Debt Extinguishment

3.1

(0.7

)

2.3

0.04

—

—

—

—

—

—

—

Loss on Foreign Subsidiary Liquidation(1)

—

—

—

—

—

—

—

—

—

—

2.2

—

2.2

0.04

UK Pension Surplus Tax Rate Change

—

—

—

—

—

—

—

—

—

—

—

(2.5

)

(2.5

)

(0.04

)

Adjustments Subtotal *

—

(2.9

)

2.9

6.0

(1.4

)

4.5

0.08

1.3

(1.9

)

3.1

0.5

(2.2

)

(1.7

)

(0.03

)

Adjusted (non-GAAP) *

$

134.8

$

96.6

$

38.2

$

28.9

$

0.49

$

123.6

$

90.8

$

32.8

$

20.1

$

0.34

(1) In 2024, our Thailand subsidiary was substantially liquidated. The related cumulative translation adjustment recognized in other expense.

* Note: Sum of reconciling items may differ from total due to rounding of individual components

Fiscal Year 2025

Fiscal Year 2024

Adjustments

Adjustments

Gross Profit

SG&A Expenses

Operating Income

Pre-tax

Tax Effect

Net Income/(Loss)

Diluted EPS

Gross Profit

SG&A Expenses

Operating Income

Pre-tax

Tax Effect

Net Income/(Loss)

Diluted EPS

GAAP As Reported

$

537.4

$

373.4

$

164.0

$

116.1

$

1.96

$

482.9

$

348.5

$

134.4

$

86.9

$

1.48

Non-GAAP Adjustments:

Purchase Accounting Amortization

3.1

—

3.1

3.1

(0.9

)

2.2

0.04

5.2

—

5.2

5.2

(1.5

)

3.7

0.06

Restructuring, Asset Impairment, Severance, and Other, net

—

(6.7

)

6.7

6.7

(1.7

)

5.0

0.08

—

(2.5

)

2.5

2.5

(0.6

)

1.9

0.03

Warehouse Fire Recovery(1)

—

—

—

(0.6

)

0.1

(0.4

)

(0.01

)

—

—

—

—

—

—

—

Deferred Taxes - Rate Changes and Other(2)

—

—

—

—

(10.4

)

(10.4

)

(0.18

)

—

—

—

—

—

—

—

Cyber Event Impact

—

—

—

—

—

—

—

—

0.7

(0.7

)

(5.5

)

1.3

(4.2

)

(0.07

)

Loss on Debt Extinguishment

—

—

—

3.1

(0.7

)

2.3

0.04

Property Casualty Loss(3)

—

—

—

—

—

—

—

—

—

—

(2.3

)

0.6

(1.8

)

(0.03

)

Loss on Foreign Subsidiary Liquidation (4)

—

—

—

—

—

—

—

—

—

—

2.2

—

2.2

0.04

UK Pension Surplus Tax Rate Change

—

—

—

—

—

—

—

—

—

—

—

(2.5

)

(2.5

)

(0.04

)

Adjustments Subtotal *

3.1

(6.7

)

9.8

12.3

(13.6

)

(1.3

)

(0.02

)

5.2

(1.8

)

7.0

2.0

(2.7

)

(0.7

)

(0.01

)

Adjusted (non-GAAP) *

$

540.5

$

366.7

$

173.8

$

114.8

$

1.94

$

488.1

$

346.7

$

141.4

$

86.2

$

1.46

(1) Represents insurance recovery of loss recognized in the second quarter of 2020.

(2) In July 2025, Germany enacted tax legislation to reduce the German corporate income tax rate by 1% annually from 2028 to 2032. This resulted in a review and remeasurement of the Company's German deferred tax assets and liabilities and a non-cash credit to income tax expense in the third quarter of 2025.

(3) Represents insurance recovery of loss recognized in the first quarter of 2023.

(4) In 2024, our Thailand subsidiary was substantially liquidated and the related cumulative translation adjustment was recognized in other expense.

* Note: Sum of reconciling items may differ from total due to rounding of individual components

Reconciliation of Segment GAAP Financial Measures to Non-GAAP Financial Measures ("Currency-Neutral Net Sales", "Adjusted Gross Profit" and "AOI")

(In millions)

Fourth Quarter 2025

Fourth Quarter 2024

AMS

Segment

EAAA

Segment

Consolidated *

AMS

Segment

EAAA

Segment

Consolidated *

Net Sales as Reported (GAAP)

$

205.9

$

143.5

$

349.4

$

205.7

$

129.3

$

335.0

Impact of Changes in Currency

(0.1

)

(8.9

)

(9.0

)

—

—

—

Currency-Neutral Net Sales *

$

205.8

$

134.6

$

340.4

$

205.7

$

129.3

$

335.0

* Note: Sum of reconciling items may differ from total due to rounding of individual components

Fiscal Year 2025

Fiscal Year 2024

AMS

Segment

EAAA

Segment

Consolidated *

AMS

Segment

EAAA

Segment

Consolidated *

Net Sales as Reported (GAAP)

$

843.9

$

543.0

$

1,386.9

$

800.8

$

514.8

$

1,315.7

Impact of Changes in Currency

1.0

(15.9

)

(14.9

)

—

—

—

Currency-Neutral Net Sales *

$

844.9

$

527.1

$

1,371.9

$

800.8

$

514.8

$

1,315.7

* Note: Sum of reconciling items may differ from total due to rounding of individual components

Fourth Quarter 2025

Fourth Quarter 2024

AMS

Segment

EAAA

Segment

Consolidated *

AMS

Segment

EAAA

Segment

Consolidated *

GAAP Operating Income (Loss)

$

27.3

$

8.0

$

35.4

$

28.5

$

1.2

$

29.6

Non-GAAP Adjustments:

Purchase Accounting Amortization

—

—

—

—

1.3

1.3

Cyber Event Impact

—

—

—

(0.1

)

(0.2

)

(0.3

)

Restructuring, Asset Impairment, Severance, and Other, net

0.8

2.1

2.9

1.0

1.2

2.2

Adjustments Subtotal *

0.8

2.1

2.9

0.9

2.2

3.1

AOI *

$

28.1

$

10.1

$

38.2

$

29.4

$

3.4

$

32.8

* Note: Sum of reconciling items may differ from total due to rounding of individual components

Fiscal Year 2025

Fiscal Year 2024

AMS

Segment

EAAA

Segment

Consolidated *

AMS

Segment

EAAA

Segment

Consolidated *

GAAP Operating Income (Loss)

$

135.7

$

28.3

$

164.0

$

105.3

$

29.1

$

134.4

Non-GAAP Adjustments:

Purchase Accounting Amortization

—

3.1

3.1

—

5.2

5.2

Cyber Event Impact

—

—

—

(0.4

)

(0.4

)

(0.7

)

Restructuring, Asset Impairment, Severance, and Other, net

1.6

5.1

6.7

1.6

0.9

2.5

Adjustments Subtotal *

1.6

8.2

9.8

1.3

5.7

7.0

AOI *

$

137.3

$

36.5

$

173.8

$

106.6

$

34.8

$

141.4

* Note: Sum of reconciling items may differ from total due to rounding of individual components

(in millions)

Fourth Quarter

2025

Fourth Quarter

2024

Fiscal Year

2025

Fiscal Year

2024

Net Income as Reported (GAAP)

$

24.4

$

21.8

$

116.1

$

86.9

Income Tax Expense

2.7

5.6

20.8

26.6

Interest Expense (including debt issuance cost amortization)

6.5

4.9

19.5

23.2

Depreciation and Amortization (excluding debt issuance cost amortization)

9.5

9.6

37.9

37.3

Share-based Compensation Expense

3.8

3.7

14.4

12.9

Purchase Accounting Amortization

—

1.3

3.1

5.2

Restructuring, Asset Impairment, Severance, and Other, net

2.9

2.2

6.7

2.5

Cyber Event Impact

—

(5.1

)

—

(5.5

)

Property Casualty Loss(1)

—

—

—

(2.3

)

Warehouse Fire Recovery(2)

—

—

(0.6

)

—

Loss on Foreign Subsidiary Liquidation (3)

—

2.2

—

2.2

Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)*

$

49.8

$

46.0

$

217.9

$

189.0

(1) Represents insurance recovery of loss recognized in the first quarter of 2023.

(2) Represents insurance recovery of loss recognized in the second quarter 2020.

(3) In 2024, our Thailand subsidiary was substantially liquidated and the related cumulative translation adjustment was recognized in other expense.

Note: Sum of reconciling items may differ from total due to rounding of individual components

As of 12/28/25

Total Debt, net

$

181.6

Total Cash on Hand

(71.3

)

Total Debt, Net of Cash on Hand (Net Debt)

$

110.3

The impacts of changes in foreign currency presented in the tables are calculated based on applying the prior year period's average foreign currency exchange rates to the current year period.

The Company believes that the above non-GAAP performance measures, which management uses in managing and evaluating the Company’s business, may provide users of the Company’s financial information with additional meaningful basis for comparing the Company’s current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, these non-GAAP performance measures should be viewed in addition to, and not as an alternative for, the Company’s reported results under accounting principles generally accepted in the United States. Tax effects identified above (when applicable) are calculated using the statutory tax rate for the jurisdictions in which the charge or income occurred.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260224280163/en/
Media Contact:

Christine Needles

Global Corporate Communications

Christine.Needles@interface.com

+1 404-491-4660

Investor Contact:

Bruce Hausmann

Chief Financial Officer

Bruce.Hausmann@interface.com

+1 770-437-6802

Original: Interface Reports Fourth Quarter and Full Year 2025 Results