Business Context and Reporting Period
Company: Interface, Inc. (TILE)
Filing Type: Form 8-K (Current Report)
Date of Report: October 31, 2025
Reporting Period: Third Quarter of 2025
This filing serves as a notification that the Company issued a press release (Exhibit 99.1) reporting its financial results for the third quarter of 2025. It also includes an updated investor slide presentation (Exhibit 99.2) under Regulation FD.
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 filing details the definitions of several Non-GAAP financial measures used in the Earnings Release:
- Adjusted EPS, Net Income, and Operating Income (AOI): Exclude nora purchase accounting amortization, restructuring, asset impairment, severance, other net items, and cyber event impacts. Adjusted EPS and Net Income also exclude warehouse fire recovery, property casualty loss, and deferred tax rate changes.
- Adjusted Gross Profit and Margin: Exclude nora purchase accounting amortization.
- Adjusted SG&A Expenses: Exclude restructuring, asset impairment, severance, other net items, and cyber event impacts.
- 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, severance, nora purchase accounting amortization, warehouse fire recovery, and loss on foreign subsidiary liquidation.
Material Changes and Unusual Items
The filing identifies several specific unusual items and events that are excluded from the Company's adjusted financial measures, indicating their materiality to the reported period:
- Cyber Event Impact: Affecting adjusted EPS, net income, AOI, SG&A, and EBITDA.
- Warehouse Fire Recovery: Affecting adjusted EPS, net income, and EBITDA.
- Property Casualty Loss: Affecting adjusted EPS, net income, and EBITDA.
- Restructuring and Severance: Affecting adjusted EPS, net income, AOI, SG&A, and EBITDA.
- Asset Impairment: Affecting adjusted EPS, net income, AOI, SG&A, and EBITDA.
- Nora Purchase Accounting Amortization: Related to an acquisition, affecting adjusted EPS, net income, AOI, gross profit, and EBITDA.
- Loss on Foreign Subsidiary Liquidation: Affecting adjusted EBITDA.
Guidance, Outlook, and Management Commentary
The filing does not contain specific forward-looking guidance, numerical outlooks, or detailed management commentary within the text of the 8-K itself. Management has updated an investor slide presentation (Exhibit 99.2) which may contain such information.
Management commentary regarding the use of Non-GAAP measures states that these adjustments facilitate a focus on normal ongoing operations, allow for comparison of operational performance absent currency fluctuations, and help investors understand historical operating trends by removing the effects of unique events and episodic acquisitions.
Investor Verification Checklist
- Review Exhibit 99.1: Obtain the full press release to verify specific GAAP and Non-GAAP financial results for Q3 2025.
- Assess Cyber Event Impact: Verify the specific financial magnitude of the "cyber event" mentioned in the adjustments.
- Review Warehouse Fire Details: Confirm the status of the warehouse fire recovery and its impact on operations and insurance claims.
- Examine Exhibit 99.2: Review the updated investor slide presentation for any new guidance or strategic updates.
- Verify Currency Impact: Compare reported sales growth against "currency neutral sales growth" to understand the effect of foreign exchange rates.