Business Context and Reporting Period
Company: Interface, Inc. (TILE)
Filing Type: Form 8-K (Current Report)
Date of Report: May 8, 2026
Reporting Period: First Quarter of 2026
This filing announces the issuance of a press release detailing financial results for the first quarter of 2026. The report also includes an updated investor slide presentation.
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 press release (Exhibit 99.1) containing these figures.
The Company reports the following Non-GAAP financial measures in the associated Earnings Release:
- Adjusted Earnings Per Share (EPS)
- Adjusted Net Income
- Adjusted Operating Income (AOI)
- Adjusted Gross Profit and Margin
- Adjusted Selling, General and Administrative (SG&A) Expenses
- Currency Neutral Sales and Growth
- Net Debt (Total debt less cash on hand)
- Adjusted EBITDA
Material Changes and Adjustments
The filing outlines specific exclusions used to calculate Non-GAAP measures to facilitate comparison of ongoing operations:
- Adjusted EPS, Net Income, and AOI: Exclude restructuring, asset impairment, severance, other net items, and nora purchase accounting amortization.
- Adjusted Gross Profit: Excludes nora purchase accounting amortization.
- Adjusted SG&A: Excludes restructuring, asset impairment, severance, and other net items.
- Adjusted EBITDA: Excludes interest, taxes, depreciation, amortization, share-based compensation, restructuring, asset impairment, severance, nora purchase accounting amortization, and a warehouse fire recovery.
- Currency Neutral Sales: Excludes the impact of foreign currency fluctuations.
Guidance, Outlook, and Risks
Management Commentary: The Company states that presenting adjusted results helps investors understand historical operating trends by removing the effects of unique events (such as acquisitions or the warehouse fire) and currency fluctuations. These measures are also used internally for performance evaluation, planning, and compensation programs.
Regulation FD Disclosure: Management updated an investor slide presentation (Exhibit 99.2) which may be used in meetings with investors.
Risks and Contingencies: The filing notes a "warehouse fire recovery" item excluded from Adjusted EBITDA, indicating a specific unusual event impacting the period. No other specific risks or forward-looking guidance numbers are detailed in the text of this 8-K.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2026 GAAP and Non-GAAP financial figures.
- Verify the magnitude of the warehouse fire recovery impact on EBITDA.
- Examine the nora purchase accounting amortization amounts excluded from gross profit and operating income.
- Assess the impact of foreign currency fluctuations by comparing reported sales to currency neutral sales in the press release.
- Review Exhibit 99.2 for updated strategic outlook or guidance provided in the investor presentation.