Interface Inc (TILE)

Interface Declares Regular Quarterly DividendMay 19, 2026 4:05 PM
Business Wire Interface, Inc. (Nasdaq: TILE), the global flooring and sustainability leader, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.03 per share. The dividend is payable on June 18, 2026 to shareholders of record as of June 5, 2026. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519721998/en/ Media Contact:
Christine Needles
Global Corporate Communications

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 tops Q4 profit forecasts as margins improve; shares tick higherFebruary 24, 2026 11:00 AM
IH Market News
Interface Inc. (NASDAQ:TILE) reported fourth-quarter results on Tuesday that exceeded profit expectations, while revenue came in just shy of analyst forecasts, sending shares modestly higher in after-hours trading.The flooring manufacturer posted adjusted earnings per share of $0.49, beating the consensus estimate of $0.40. Revenue totaled $349.4 million, slightly below expectations of $349.64 million, but still representing a 4.3% increase year over year, or 1.6% growth on a currency-neutral basis.Adjusted gross profit margin expanded by 169 basis points from the prior year to 38.6%, supported by favorable pricing dynamics, product mix improvements, and a one-time inventory reserve adjustment. These gains were partly offset by higher input costs.For full-year fiscal 2025, Interface delivered record net sales of $1.39 billion, up 5.4% compared with the previous year. Adjusted earnings per share rose 32.9% to $1.94 from $1.46 in fiscal 2024.“We delivered record results in 2025 as our team executed well in a dynamic macro environment,” said Laurel Hurd, CEO of Interface. “Currency-neutral net sales increased 4% YoY, driven by growth across all regions, all product categories, and key market segments.”Looking ahead, the company forecast first-quarter fiscal 2026 revenue between $315 million and $325 million, with the midpoint of $320 million above analyst expectations of $315 million. Interface noted that fiscal 2026 will include 53 weeks, with an additional week falling in the first quarter.For the full fiscal year 2026, Interface expects net sales in the range of $1.42 billion to $1.46 billion. Adjusted gross profit margin is projected between 38.5% and 39.0%, while adjusted SG&A expenses are anticipated to account for 26.2% to 26.4% of net sales. Capital expenditures are expected to total approximately $55 million.Interface stock price

Original: Interface tops Q4 profit forecasts as margins improve; shares tick higher

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