Business Context and Reporting Period
Company: Interface, Inc. (TILE)
Filing Type: Form 8-K (Current Report)
Date of Report: February 24, 2026
Reporting Period: Fourth quarter and full year ended December 31, 2025.
This filing serves to announce the issuance of an Earnings Release (Exhibit 99.1) and an updated investor slide presentation (Exhibit 99.2) regarding the Company's financial results for 2025.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references an attached Earnings Release (Exhibit 99.1) containing these figures.
The filing details the definitions of the following Non-GAAP financial measures included in the Earnings Release:
- Adjusted EPS, Adjusted Net Income, and Adjusted Operating Income (AOI): Exclude Nora purchase accounting amortization, cyber event impact, restructuring, asset impairment, severance, loss on debt extinguishment, warehouse fire recovery, property casualty loss, foreign subsidiary liquidation loss, UK pension surplus tax rate change, and deferred taxes.
- Adjusted Gross Profit and Margin: Exclude Nora purchase accounting amortization.
- Adjusted SG&A Expenses: Exclude restructuring, asset impairment, severance, and cyber event impact.
- Currency Neutral Sales: Exclude the impact of foreign currency fluctuations.
- Net Debt: Defined as total debt less cash on hand.
- Adjusted EBITDA: Excludes interest, taxes, depreciation, amortization, share-based compensation, cyber event impact, property casualty loss, restructuring, asset impairment, Nora purchase accounting amortization, warehouse recovery, and foreign subsidiary liquidation loss.
Material Changes and Unusual Items
The filing identifies several specific unusual items and adjustments that impacted the 2025 results, which are excluded from Non-GAAP measures:
- Cyber Event Impact: A specific financial impact attributed to a cyber event.
- Property Casualty Loss: Includes a warehouse fire recovery.
- Restructuring and Impairment: Costs related to restructuring, asset impairment, and severance.
- Acquisition Accounting: Amortization related to the Nora purchase.
- Debt and Tax Events: Loss on debt extinguishment, UK pension surplus tax rate change, and deferred tax rate changes.
- Subsidiary Liquidation: Loss on the liquidation of a foreign subsidiary.
Guidance, Outlook, and Management Commentary
Management Commentary: Management states that presenting adjusted results facilitates the comparison of current and prior periods by removing the effects of unique events and foreign currency fluctuations. The Company uses these measures internally for performance evaluation, planning, and compensation programs.
Guidance and Outlook: The filing text does not contain specific forward-looking guidance, numerical targets, or updated outlook statements for future periods. It notes only that an updated slide presentation for investor meetings has been furnished.
Risks and Contingencies: The filing highlights the occurrence of a cyber event and a warehouse fire as material events affecting the financial period.
Investor Verification Checklist
- Review Exhibit 99.1: Obtain the full Earnings Release to verify specific GAAP and Non-GAAP numerical results for Q4 and Full Year 2025.
- Quantify Unusual Items: Determine the specific dollar amounts associated with the cyber event, warehouse fire, and restructuring costs to assess their impact on core operations.
- Examine Exhibit 99.2: Review the updated investor slide presentation for any qualitative guidance or strategic updates not detailed in the 8-K text.
- Verify Liquidity: Check the Earnings Release for the specific calculation of Net Debt (Total Debt less Cash) to assess current liquidity position.