Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 3, 2023

INTERFACE INC

(Exact name of Registrant as Specified in its Charter)

Georgia

001-33994

58-1451243

(State or other Jurisdiction of Incorporation or Organization)

(Commission File
Number)

(IRS Employer
Identification No.)


1280 West Peachtree Street NW	Atlanta	Georgia	30309
(Address of principal executive offices)			(Zip code)

Registrant’s telephone number, including area code: (770) 437-6800

Not Applicable

(Former name or former address, if changed since last report)

Securities Registered Pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, $0.10 Par Value Per Share	TILE	Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On November 3, 2023, Interface, Inc. (the “Company”) issued a press release reporting its financial results for the third quarter of 2023 (the “Earnings Release”). A copy of the Earnings Release is included as Exhibit 99.1 hereto and hereby incorporated by reference. The information set forth in this Item 2.02, including the exhibit hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Non-GAAP Financial Measures in the Earnings Release

The Earnings Release includes, as additional information for investors, the Company’s adjusted earnings per share, adjusted net income, adjusted operating income ("AOI"), adjusted gross profit, adjusted gross profit margin, adjusted selling, general and administrative (“SG&A”) expenses, currency neutral sales and currency neutral sales growth, net debt, and adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”). These measures are not in accordance with financial measures calculated in accordance with generally accepted accounting principles in the United States (“GAAP”) and may be different from similarly titled non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be used as a substitute for, or considered superior to, GAAP financial measures.

Adjusted EPS, adjusted net income, and AOI exclude nora purchase accounting amortization, the Thailand plant closure inventory write-down, cyber event costs, and restructuring, asset impairment, severance, and other, net. Adjusted EPS and adjusted net income also exclude the loss on the discontinuance of interest rate swaps, property casualty loss, and the loss on foreign subsidiary liquidation. Adjusted gross profit and adjusted gross profit margin exclude nora purchase accounting amortization, and the Thailand plant closure inventory write-down. Adjusted SG&A expenses exclude the cyber event impact and 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, goodwill and intangible asset impairment charges, cyber event costs, property casualty loss, restructuring, asset impairment, severance, and other, net, nora purchase accounting amortization, loss on foreign subsidiary liquidation, and the Thailand plant closure inventory write-down.

Because the Company engages in acquisitions only episodically, and not as an everyday matter, the Company believes presenting certain measures excluding the effects of acquisitions facilitates focus on normal ongoing operations. The Company also believes presenting sales information absent the effect of foreign currency exchange rate fluctuations facilitates comparison of the Company’s operational performance between periods.

The Company generally believes reporting its adjusted results helps investors’ understanding of historical operating trends, because it facilitates comparison of current and prior periods during which one or more unique events may have occurred. The Company also believes that adjusted results provide supplemental information for comparisons to other companies which may not have experienced the same events underlying the adjustments. Furthermore, the Company uses adjusted results internally as supplemental information to evaluate its own performance, for planning purposes and in connection with its compensation programs.

Item 7.01 Regulation FD Disclosure

Management of Interface, Inc. (the “Company”) has updated the slide presentation which may be used in whole or in part in meetings with and presentations to investors and potential investors. A copy of the slide presentation is attached as Exhibit 99.2.

The information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.


Exhibit No.			Description
99.1			Press Release of Interface, Inc., dated November 3 , 2023, reporting its financial results for the third quarter of 2023 (furnished pursuant to Item 2.02 of this Report).
99.2			Interface Inc. slide presentation dated November 2023.
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			INTERFACE, INC.


By:			/s/ Bruce A. Hausmann
			Bruce A. Hausmann
			Chief Financial Officer
Date: November 3, 2023

FOR IMMEDIATE RELEASE


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

Interface Reports Third Quarter 2023 Results

ATLANTA – November 3, 2023 – Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the third quarter ended October 1, 2023.

Third quarter highlights:

•Net sales totaled $311.0 million, down 5.1% year-over-year.

•Gross profit margin increased to 35.5%, up 226 basis points year-over-year.

•GAAP earnings per share of $0.17; Adjusted earnings per share of $0.28.

•Generated $66.3 million of cash from operations, repaid $30.6 million of debt in the quarter.

“Our third quarter results reflect the resiliency of our global diversification strategy and effective execution in a relatively sluggish market. Net sales declined in the quarter primarily driven by an outsized impact from retail sector softness and broader macroeconomic uncertainty. This was partially offset by strength in healthcare, up 13% year-over-year, and performance in other key segments. Despite lower volumes in the quarter, we increased gross profit margin by 226 basis points and our strong cash flow generation enabled us to pay down debt, driving accelerated improvements in our balance sheet,” commented Laurel Hurd, CEO of Interface.

“We hit an important milestone in our One Interface journey with the global product launch of our Past Forward carpet tile collection, which was the first time we launched a global collection at the same time around the world. As we close out 2023, we remain focused on leveraging the power of our entire organization to drive profitable growth and value for our shareholders,” concluded Hurd.

“With strong cash flow from operations, debt repayment remains our top capital allocation priority. During the quarter we repaid $30.6 million of debt, reducing our debt balances by $75.7 million year-over-year, ahead of expectations. Moving into the last quarter of the year, we are revising our full year guidance to reflect ongoing retail sector softness and sluggish global demand. We are focused on winning business, taking share, paying down debt, and disciplined cost management to further strengthen our financial position,” added Bruce Hausmann, CFO of Interface.

Third Quarter 2023 Financial Summary

Sales: Third quarter net sales were $311.0 million, down 5.1% versus $327.8 million in the prior year period.

Gross profit margin was 35.5% in the third quarter, an increase of 226 basis points from the prior year period. Adjusted gross profit margin was 35.9%, an increase of 217 basis points from adjusted gross profit margin for the prior year period due primarily to input cost deflation, higher selling prices and product mix, partially offset by lower fixed cost absorption.

Third quarter SG&A expenses were $79.3 million, or 25.5% of net sales, compared to $80.8 million, or 24.7% of net sales in the third quarter last year. Adjusted SG&A expenses were $79.2 million, or 25.5% of net sales, in the third quarter of 2023, compared to $79.2 million, or 24.2% of net sales, in the third quarter last year.

Operating Income: Third quarter operating income was $31.0 million, compared to operating income of $28.0 million in the prior year period. Third quarter 2023 adjusted operating income ("AOI") was $32.4 million versus AOI of $31.2 million in the third quarter of 2022.

Net Income and EPS: On a GAAP basis, the Company recorded net income of $9.9 million in the third quarter of 2023, or $0.17 per diluted share, compared to third quarter 2022 GAAP net income of $14.1 million, or $0.24 per diluted share. Third quarter 2023 adjusted net income was $16.4 million, or $0.28 per diluted share, versus third quarter 2022 adjusted net income of $17.4 million, or $0.30 per diluted share.

Adjusted EBITDA: In the third quarter of 2023, adjusted EBITDA was $43.7 million. This compares with adjusted EBITDA of $42.9 million in the third quarter of 2022.

First Nine Months of 2023 Summary

Sales: Net sales for the first nine months of 2023 were $936.4 million, down 2.7% versus $962.4 million in the prior year period.

Gross profit margin was 34.0% for the first nine months of 2023, a decrease of 58 basis points from the prior year period. Adjusted gross profit margin was 34.4%, a decrease of 83 basis points from adjusted gross profit margin for the prior year period due to lower fixed cost absorption, partially offset by higher selling prices, input cost deflation and product mix.

SG&A expenses for the first nine months of 2023 were $251.0 million, or 26.8% of net sales, compared to $240.7 million, or 25.0% of net sales, in the same period last year. Adjusted SG&A expenses were $246.3 million, or 26.3% of net sales, for the first nine months of 2023 compared to $238.2 million, or 24.8% of net sales, in the same period last year.

Operating Income: Operating income for the first nine months of 2023 was $69.4 million, compared to operating income of $90.0 million in the prior year period. AOI was $75.4 million for the first nine months of 2023 versus AOI of $100.4 million in the same period last year.

Net Income and EPS: On a GAAP basis, the Company recorded net income of $25.0 million in the first nine months of 2023, or $0.43 per diluted share, compared to the first nine months of 2022 net income of $44.2 million, or $0.75 per diluted share. Nine-month 2023 adjusted net income was $34.8 million, or $0.60 per diluted share, versus the first nine months of 2022 adjusted net income of $55.3 million, or $0.94 per diluted share.

Adjusted EBITDA: In the first nine months of 2023, adjusted EBITDA was $109.8 million. This compares with adjusted EBITDA of $134.8 million in the first nine months of 2022.

Cash and Debt: The Company had cash on hand of $119.6 million and total debt of $444.4 million at the end of the third quarter 2023, compared to $97.6 million of cash and $520.2 million of total debt at the end of fiscal year 2022.

Third Quarter Segment Results

AMS Results:

•Q3 2023 net sales of $178.2 million, down 8.4% versus $194.4 million in the prior year period.

•Q3 2023 orders were down 4.2% compared to the prior year period on a currency neutral basis.

•Q3 2023 operating income was $23.5 million compared to $25.0 million in the prior year period.

•Q3 2023 AOI was $23.3 million versus $25.0 million in the prior year period.

EAAA Results:

•Q3 2023 net sales of $132.8 million, down 0.4% versus $133.3 million in the prior year period.

•Currency fluctuations had a $5.3 million favorable impact to net sales in the 2023 third quarter compared with the prior year period.

•Q3 2023 orders were up 4.5% compared to the prior year period on a currency neutral basis. EMEA was up 13.9%, Australia was down 4.8%, and Asia was down 23.0% due primarily to continued softness in the region.

•Q3 2023 operating income of $7.5 million compared to $3.1 million in the prior year period.

•Q3 2023 AOI was $9.0 million versus $6.3 million in the prior year period.

First Nine Months Segment Results

AMS Results:

•Net sales for the first nine months of 2023 were $548.7 million, down 1.6% versus $557.8 million in the prior year period.

•Operating income for the first nine months of 2023 was $57.0 million compared to $74.6 million in the prior year period.

•AOI for the first nine months of 2023 was $58.6 million versus $74.5 million in the prior year period.

EAAA Results:

•Net sales for the first nine months of 2023 were $387.7 million, down 4.2% versus $404.6 million in the prior year period.

•Currency fluctuations had an approximately $1.1 million negative impact on net sales in the first nine months of 2023 compared to the prior year period, primarily due to the weakening of the Australian dollar and Chinese Renminbi against the U.S. dollar, partially offset by the strengthening of the Euro against the U.S. dollar. Excluding negative foreign currency impacts, for the first nine months of 2023, EAAA's net sales were down 3.9% year-over-year.

•Operating income for the first nine months of 2023 was $12.4 million compared to $15.4 million in the prior year period.

•AOI for the first nine months of 2023 was $16.8 million versus $25.9 million in the prior year period.

Outlook

Interface anticipates the following for the full fiscal year 2023:

•Net sales of $1.245 billion to $1.265 billion.

•Adjusted gross profit margin of approximately 34.4%.

•Adjusted SG&A expenses of approximately $329 million.

•Adjusted Interest & Other expenses of approximately $35 million.

•An adjusted effective tax rate of approximately 29.5%.

•Fully diluted weighted average share count of approximately 58.3 million shares.

•Capital expenditures of approximately $32 million.

Webcast and Conference Call Information

Interface will host a conference call on November 3, 2023, at 8:00 a.m. Eastern Time, to discuss its third quarter 2023 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/413657327, 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 Thailand plant closure inventory write-down, cyber event costs, and restructuring, asset impairment, severance, and other, net. Adjusted EPS and adjusted net income also exclude the loss on discontinuance of interest rate swaps, property casualty loss, and the loss on foreign subsidiary liquidation. Adjusted gross profit and adjusted gross profit margin exclude nora purchase accounting amortization, and the Thailand plant closure inventory write-down. Adjusted SG&A expenses exclude the cyber event impact and 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, goodwill and intangible asset impairment charges, cyber event costs, property casualty loss, restructuring, asset impairment, severance, and other, net, nora purchase accounting amortization, loss on foreign subsidiary liquidation, and the Thailand plant closure inventory write-down. 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, Inc., (NASDAQ: TILE) is a global flooring solutions enterprise with an integrated portfolio of carpet tile and resilient flooring products, where everything is third-party certified carbon neutral. With our design approach to flooring systems, we help our customers create high-performance interior spaces that have a positive impact on people’s lives and the planet. Our range includes Interface® carpet tile and LVT, nora® by Interface rubber flooring, and FLOR® premium area rugs for commercial and residential spaces.

Interface is third-party certified as a Carbon Neutral Enterprise. We neutralized our carbon impact across our entire business, including all operations and our full value chain, marking an important milestone toward our objective to become a restorative and carbon negative enterprise by 2040.

Learn more about Interface at interface.com and blog.interface.com, nora by Interface at nora.com, FLOR at FLOR.com, and our sustainability journey at interface.com/sustainability, and our Carbon Neutral Enterprise certification at https://www.interface.com/US/en-US/sustainability/carbon-neutral-enterprise.html.

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 full year 2023 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 January 1, 2023: "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", "The market price of our common stock has been volatile and the value of your investment may decline", "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", "Disruptions to or failures of our information technology systems could adversely affect our business", "The impact of potential changes to environmental laws and regulations and industry standards regarding climate change could lead to unforeseen disruptions to our business operations", "The COVID-19 pandemic has had and could continue to have (and other public health emergencies could have in the future) a material adverse effect on our ability to operate, our ability to keep employees safe from the pandemic, our results of operations, financial condition, liquidity, capital investments, our near term and long term ability to stay in compliance with debt covenants under our Syndicated Credit Facility and Senior Notes, our ability to refinance our existing indebtedness, and our ability to obtain financing in capital markets", "Sales of our principal products have been and may continue to be affected by the COVID-19 pandemic, adverse economic cycles, and effects in the new construction market and renovation market", "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, border closings or other adverse government regulations", "The conflict between Russia and Ukraine 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", 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.

- TABLES FOLLOW -


Consolidated Condensed Statements of Operations	Three Months Ended				Nine Months Ended
(In thousands, except per share data)	10/1/2023		10/2/2022		10/1/2023		10/2/2022

Net Sales	$	311,006	$	327,757	$	936,380	$	962,364
Cost of Sales	200,748		218,972		618,463		630,074
Gross Profit	110,258		108,785		317,917		332,290
Selling, General & Administrative Expenses	79,273		80,848		251,049		240,711
Restructuring, asset impairment, other (gains) and charges	—		(105)		(2,502)		1,592
Operating Income	30,985		28,042		69,370		89,987
Interest Expense	8,163		7,747		24,986		21,787
Other Expense, net	6,702		124		7,674		1,688
Income Before Taxes	16,120		20,171		36,710		66,512
Income Tax Expense	6,241		6,106		11,748		22,336
Net Income	$	9,879	$	14,065	$	24,962	$	44,176

Earnings Per Share – Basic	$	0.17	$	0.24	$	0.43	$	0.75

Earnings Per Share – Diluted	$	0.17	$	0.24	$	0.43	$	0.75

Common Shares Outstanding – Basic	58,107		58,681		58,087		59,099
Common Shares Outstanding – Diluted	58,342		58,681		58,233		59,099


Consolidated Condensed Balance Sheets
(In thousands)	10/1/2023		1/1/2023
Assets
Cash	$	119,633	$	97,564
Accounts Receivable	143,884		182,807
Inventory	289,320		306,327
Other Current Assets	33,003		30,339
Total Current Assets	585,840		617,037
Property, Plant & Equipment	282,401		297,976
Operating Lease Right-of Use Asset	75,604		81,644
Goodwill and Intangible Assets	156,487		162,195
Other Assets	101,309		107,651
Total Assets	$	1,201,641	$	1,266,503

Liabilities
Accounts Payable	$	75,602	$	78,264
Accrued Liabilities	115,266		120,138
Current Portion of Operating Lease Liabilities	10,829		11,857
Current Portion of Long-Term Debt	8,492		10,211
Total Current Liabilities	210,189		220,470
Long-Term Debt	435,899		510,003
Operating Lease Liabilities	67,554		72,305
Other Long-Term Liabilities	100,435		102,188
Total Liabilities	814,077		904,966
Shareholders’ Equity	387,564		361,537
Total Liabilities and Shareholders’ Equity	$	1,201,641	$	1,266,503


Consolidated Condensed Statements of Cash Flows	Three Months Ended				Nine Months Ended
(In thousands)	10/1/2023		10/2/2022		10/1/2023		10/2/2022
OPERATING ACTIVITIES
Net Income	$	9,879	$	14,065	$	24,962	$	44,176
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:
Depreciation and Amortization	10,445		9,825		30,591		30,661
Share-Based Compensation Expense	2,209		2,352		7,334		6,679
(Gain) Loss on Disposal of Property, Plant and Equipment, net	10		—		(2,531)		—
Loss on Foreign Subsidiary Liquidation	6,221		—		6,221		—
Amortization of Acquired Intangible Assets	1,302		1,204		3,886		3,817
Deferred Income Taxes and Other Non-Cash Items	(53)		4,675		(671)		13,616
Change in Working Capital
Accounts Receivable	19,626		(1,078)		37,396		(8,860)
Inventories	(5,808)		(8,261)		14,135		(71,487)
Prepaid Expenses and Other Current Assets	769		8,017		(2,842)		2,321
Accounts Payable and Accrued Expenses	21,693		(3,208)		(4,264)		(6,040)
Cash Provided by Operating Activities	66,293		27,591		114,217		14,883
INVESTING ACTIVITIES
Capital Expenditures	(5,907)		(4,187)		(17,238)		(13,314)
Proceeds from Sale of Property, Plant and Equipment	—		—		6,593		—
Cash Used in Investing Activities	(5,907)		(4,187)		(10,645)		(13,314)
FINANCING ACTIVITIES
Repayments of Long-term Debt	(37,631)		(71,980)		(149,738)		(151,662)
Borrowing of Long-term Debt	7,000		49,986		74,000		159,363
Tax Withholding Payments for Share-Based Compensation	(27)		—		(1,514)		(398)

Repurchase of Common Stock	—		(8,869)		—		(14,451)
Dividends Paid	(581)		(586)		(1,742)		(1,773)
Finance Lease Payments	(545)		(525)		(1,853)		(1,535)
Cash Used in Financing Activities	(31,784)		(31,974)		(80,847)		(10,456)
Net Cash Provided by (Used in) Operating, Investing and Financing Activities	28,602		(8,570)		22,725		(8,887)
Effect of Exchange Rate Changes on Cash	(1,904)		(3,634)		(656)		(8,916)
CASH AND CASH EQUIVALENTS
Net Change During the Period	26,698		(12,204)		22,069		(17,803)
Balance at Beginning of Period	92,935		91,653		97,564		97,252
Balance at End of Period	$	119,633	$	79,449	$	119,633	$	79,449

Segment Results


	Three Months Ended				Nine Months Ended
(in thousands)	10/1/2023		10/2/2022		10/1/2023		10/2/2022
Net Sales
AMS	$	178,194	$	194,449	$	548,716	$	557,768
EAAA	132,812		133,308		387,664		404,596
Consolidated Net Sales	$	311,006	$	327,757	$	936,380	$	962,364

Segment AOI
AMS	$	23,318	$	24,975	$	58,621	$	74,502
EAAA	9,049		6,273		16,805		25,908
Consolidated AOI	$	32,367	$	31,248	$	75,426	$	100,410

* Note: Segment AOI includes allocation of corporate SG&A expenses

Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

(In millions, except per share amounts)



	Third Quarter 2023												Third Quarter 2022
							Adjustments												Adjustments
	Gross Profit		SG&A		Operating Income		Pre-tax	Tax Effect	Net Income		Diluted EPS		Gross Profit		SG&A		Operating Income		Pre-tax	Tax Effect	Net Income		Diluted EPS
GAAP As Reported	$	110.3	$	79.3	$	31.0			$	9.9	$	0.17	$	108.8	$	80.8	$	28.0			$	14.1	$	0.24
Non-GAAP Adjustments:
Purchase Accounting Amortization	1.3		—		1.3		1.3	(0.4)	0.9		0.02		1.2		—		1.2		1.2	(0.4)	0.9		0.01
Thailand Plant Closure Inventory Write-down	—		—		—		—	—	—		—		0.5		—		0.5		0.5	—	0.5		0.01
Restructuring, Asset Impairment, Severance, and Other, net	—		—		—		—	0.2	0.2		—		—		(1.6)		1.5		1.5	—	1.5		0.03

Cyber Event	—		(0.1)		0.1		0.1	—	0.1		—		—		—		—		—	—	—		—
Loss on Foreign Subsidiary Liquidation (1)	—		—		—		6.2	(1.1)	5.1		0.09		—		—		—		—	—	—		—
Loss on Discontinuance of Interest Rate Swaps	—		—		—		0.2	—	0.1		—		—		—		—		0.6	(0.2)	0.5		0.01
Adjustments Subtotal *	1.3		(0.1)		1.4		7.8	(1.3)	6.5		0.11		1.7		(1.6)		3.2		3.9	(0.5)	3.3		0.06
Adjusted (non-GAAP) *	$	111.6	$	79.2	$	32.4			$	16.4	$	0.28	$	110.5	$	79.2	$	31.2			$	17.4	$	0.30

(1) Russia and Brazil foreign subsidiaries were substantially liquidated during the current period. 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


	First Nine Months 2023												First Nine Months 2022
							Adjustments												Adjustments
	Gross Profit		SG&A		Operating Income		Pre-tax	Tax Effect	Net Income		Diluted EPS		Gross Profit		SG&A		Operating Income		Pre-tax	Tax Effect	Net Income		Diluted EPS
GAAP As Reported	$	317.9	$	251.0	$	69.4			$	25.0	$	0.43	$	332.3	$	240.7	$	90.0			$	44.2	$	0.75
Non-GAAP Adjustments:
Purchase Accounting Amortization	3.9		—		3.9		3.9	(1.1)	2.8		0.05		3.8		—		3.8		3.8	(1.1)	2.7		0.05
Thailand Plant Closure Inventory Write-down	—		—		—		—	—	—		—		2.5		—		2.5		2.5	—	2.5		0.04
Restructuring, Asset Impairment, Severance, and Other, net	—		(3.7)		1.2		1.2	(0.4)	0.8		0.01		—		(2.5)		4.1		4.1	0.0	4.1		0.07
Property Casualty Loss(1)	—		—		—		(0.5)	0.1	(0.4)		(0.01)		—		—		—		—	—	—		—
Cyber Event	—		(1.0)		1.0		1.0	(0.2)	0.7		0.01		—		—		—		—	—	—		—
Loss on Foreign Subsidiary Liquidation (2)	—		—		—		6.2	(1.1)	5.1		0.09		—		—		—		—	—	—		—
Loss on Discontinuance of Interest Rate Swaps	—		—		—		1.0	(0.2)	0.7		0.01		—		—		—		2.4	(0.6)	1.8		0.03
Adjustments Subtotal *	3.8		(4.7)		6.1		12.8	(2.9)	9.8		0.17		6.3		(2.5)		10.4		12.8	(1.7)	11.1		0.19
Adjusted (non-GAAP) *	$	321.8	$	246.3	$	75.4			$	34.8	$	0.60	$	338.6	$	238.2	$	100.4			$	55.3	$	0.94

(1) Represents insurance recovery net of loss recognized in the first quarter of 2023.
(2) Russia and Brazil foreign subsidiaries were substantially liquidated during the current period. 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")

(In millions)


	Third Quarter 2023						Third Quarter 2022
	AMS Segment		EAAA Segment		Consolidated *		AMS Segment		EAAA Segment		Consolidated *
Net Sales as Reported (GAAP)	$	178.2	$	132.8	$	311.0	$	194.4	$	133.3	$	327.8
Impact of Changes in Currency	0.4		(5.3)		(4.9)		—		—		—
Currency Neutral Net Sales *	$	178.6	$	127.5	$	306.1	$	194.4	$	133.3	$	327.8

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


	First Nine Months 2023						First Nine Months 2022
	AMS Segment		EAAA Segment		Consolidated *		AMS Segment		EAAA Segment		Consolidated *
Net Sales as Reported (GAAP)	$	548.7	$	387.7	$	936.4	$	557.8	$	404.6	$	962.4
Impact of Changes in Currency	2.1		1.1		3.1		—		—		—
Currency Neutral Net Sales *	$	550.8	$	388.8	$	939.5	$	557.8	$	404.6	$	962.4

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

Reconciliation of GAAP Operating Income to Adjusted Operating Income ("AOI")

(In millions)


	Third Quarter 2023						Third Quarter 2022
	AMS Segment		EAAA Segment		Consolidated *		AMS Segment		EAAA Segment		Consolidated *
GAAP Operating Income	$	23.5	$	7.5	$	31.0	$	25.0	$	3.1	$	28.0
Non-GAAP Adjustments:
Purchase Accounting Amortization	—		1.3		1.3		—		1.2		1.2
Thailand Plant Closure Inventory Write-down	—		—		—		—		0.5		0.5
Restructuring, Asset Impairment, Severance, and Other, net	(0.3)		0.3		—		—		1.5		1.5

Cyber Event	0.1		—		0.1		—		—		—
Adjustments Subtotal *	(0.2)		1.6		1.4		—		3.2		3.2
AOI *	$	23.3	$	9.0	$	32.4	$	25.0	$	6.3	$	31.2

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


	First Nine Months 2023						First Nine Months 2022
	AMS Segment		EAAA Segment		Consolidated *		AMS Segment		EAAA Segment		Consolidated *
GAAP Operating Income	$	57.0	$	12.4	$	69.4	$	74.6	$	15.4	$	90.0
Non-GAAP Adjustments:
Purchase Accounting Amortization	—		3.9		3.9		—		3.8		3.8
Thailand Plant Closure Inventory Write-down	—		—		—		—		2.5		2.5
Restructuring, Asset Impairment, Severance, and Other, net	1.1		0.1		1.2		(0.1)		4.2		4.1

Cyber Event	0.6		0.4		1.0		—		—		—
Adjustments Subtotal *	1.6		4.4		6.1		(0.1)		10.5		10.4
AOI *	$	58.6	$	16.8	$	75.4	$	74.5	$	25.9	$	100.4

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


	Third Quarter 2023		Third Quarter 2022		First Nine Months 2023		First Nine Months 2022		Last Twelve Months (LTM) Ended 10/1/2023		Fiscal Year 2022
Net Income as Reported (GAAP)	$	9.9	$	14.1	$	25.0	$	44.2	$	0.3	$	19.6
Income Tax Expense	6.2		6.1		11.7		22.3		11.8		22.4
Interest Expense (including debt issuance cost amortization)	8.2		7.7		25.0		21.8		33.1		29.9
Depreciation and Amortization (excluding debt issuance cost amortization)	9.6		9.4		29.0		29.4		38.3		38.7
Share-Based Compensation Expense	2.2		2.4		7.3		6.7		9.2		8.5
Purchase Accounting Amortization	1.3		1.2		3.9		3.8		5.1		5.0
Goodwill and Intangible Asset Impairment	—		—		—		—		36.2		36.2
Thailand Plant Closure Inventory Write-down	—		0.5		—		2.5		—		2.5
Restructuring, Asset Impairment, Severance, and Other, net	—		1.5		1.2		4.1		5.3		8.2
Property Casualty Loss(1)	—		—		(0.5)		—		(0.5)		—
Cyber Event	0.1		—		1.0		—		6.1		5.1
Loss on Foreign Subsidiary Liquidation (2)	6.2		—		6.2		—		6.2		—
Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)*	$	43.7	$	42.9	$	109.8	$	134.8	$	151.1	$	176.1
(1) Represents insurance recovery net of loss recognized in the first quarter of 2023.
(2) Russia and Brazil foreign subsidiaries were substantially liquidated in the current period. 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 10/1/23
Total Debt	$	444.4
Total Cash on Hand	(119.6)
Total Debt, Net of Cash on Hand (Net Debt)*	$	324.8


	10/1/2023
Total Debt / LTM Net Income	1284.4x
Net Debt / LTM AEBITDA	2.1x


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

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.

# # #

Investor Presentation | November 2023

This presentation contains forward-looking statements, including, in particular, statements about Interface’s plans, strategies and prospects. These are based on the Company’s current assumptions, expectations and projections about future events. Although Interface believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that these expectations will prove to be correct or that savings or other benefits anticipated in the forward-looking statements will be achieved. The forward-looking statements set forth involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including risks and uncertainties associated with economic conditions in the commercial interiors industry and the risks under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended January 1, 2023, which discussions are hereby incorporated by reference. You should also consider any additional or updated information we include under the heading “Risk Factors” in our subsequent annual and quarterly reports. Forward-looking statements in this presentation include, without limitation, the information set forth on the slides titled “Interface: a compelling investment”, “Brand Leader in the Specified Channel”, and “Financial Policy”. Other forward-looking statements can be identified by words such as “may,” “expect,” “forecast,” “anticipate,” “intend,” “plan,” “believe,” “could,” “should”, “goal”, “aim”, “objective”, “commitment”, “seek,” “project,” “estimate,” “target,” and similar expressions. Forward-looking statements speak only as of the date made. The Company assumes no responsibility to update or revise forward-looking statements and cautions listeners and meeting attendees not to place undue reliance on any such statements. This presentation includes certain financial measures not calculated in accordance with U.S. GAAP. They may be different from similarly titled non-GAAP measures used by other companies, and should not be used as a substitute for, or considered superior to, GAAP measures. Reconciliations to the most directly comparable GAAP measures appear in the Appendix. 2 Forward Looking Statements and Non-GAAP Measures

3 At Interface, we believe flooring is more than what you walk on. Who We Are Leading Established GlobalDedicated Engaged provider of commercial flooring: carpet tile, rubber, and LVT brand with a history of innovation and a commitment to the pursuit of sustainability to performance and improving the built environment, industry, and the world manufacturing capabilities with a focus on local market needs customer-centric and purpose- driven culture with deep design and innovation roots

4 Interface at a Glance Interface is a global leader in commercial flooring $1.3 billion in net sales in FY2022 3,600 global employees 6 manufacturing locations on 4 continents ATL headquartered in Atlanta, GA Recognized leader in sustainability First cradle-to-gate carbon negative commercial carpet tile 50 years of innovation © C hr is to ph er P ay ne / Es to

5 Interface at a Glance Interface: a compelling investment Premium brands with attractive margins and leadership in core categories Carpet Tile LVT Rubber

6 Interface at a Glance Diversified portfolio positioned for growth with strength across market segments Interface: a compelling investment 58% Americas 30% EMEA 12% APAC Revenue by Region 52% Non-office 48% Office Revenue by Customer Vertical Corporate Education Healthcare & Senior Living TransportationGovernment AustraliaGermanyUnited States Note: Figures represent LTM Q3 2023

7 Interface at a Glance Interface: a compelling investment We are global leaders in… … with a strong financial foundation Design InnovationSustainability attractive margins strong liquidity healthy balance sheet Im ag es © C hr is to ph er P ay ne / Es to … and unwavering commitment to our people winning culture commitment to talent development meaningful DEI progress

8 Interface at a Glance Interface: a compelling investment Strengths to Leverage • Selling system and customer partnerships • Sustainability leadership • Manufacturing expertise • Diversified portfolio • Strong cash generation and balance sheet Opportunities for Growth • Reset operating model to one global company with strong global functions • Expand margins through global supply chain management & improved productivity • Accelerate new global products & designs • Reallocate investment to big bets; drive profitable growth

Interface Positioning

Interface Positioning Attractive Product Portfolio 10 Carpet Tile • Industry-leading cradle-to-gate carbon negative carpet tile • Biomimicry-inspired design (i2) • No glue installation with TacTiles® • Faster, more profitable installation for contractors • Recyclable via our ReEntry® program • Carbon Neutral Floors™ Luxury Vinyl Tile (LVT) • Creative design freedom • Complements and enhances our carpet tile portfolio • No transition strips needed; same sizes as our carpet tiles • High acoustic value (Sound Choice™ backing) • Carbon Neutral Floors™ Rubber • Offered in modular tiles, sheet, and specialized surface sheet • Ideal for hygienic, high-traffic flooring applications • Extremely durable with strong chemical resistance • Carbon Neutral Floors™ © E lm ar W itt

Leading Global Provider of Commercial Flooring Solutions Total global commercial flooring market = $39 Billion Interface served market = $9+ Billion • Global share leader in $5B Carpet Tile segment (now exceeds Broadloom segment globally) • Leader in high growth $3.3B LVT segment • Entered $1.0B Rubber segment in 2018, acquisition of nora, the category leader Source: Management estimates $11.7 $7.4 $1.9 $1.0 $3.4 $3.3 $4.7 Other Global Commercial Flooring Segment (in Billions) 11 Interface Positioning Rubber $5.0

12 Brand Leader in the Specified Channel Interface competes on design, sustainability and innovation, commanding a premium price point and industry leading margins. Interface Positioning Source: Management estimates ~15-25% +25% Opportunity to expand in low/mid-range price points Maintain significant share of the high-end and mid- range price points Share leader in the specified and end user channels of commercial carpet tile Global Carpet Tile Price Categories Interface Share 0 20 40 60 80 100 120 Low End Mid-Range High End <15% ~15 – 25% +25% Vo lu m e (s qu ar e m et er s in m illi on s)

Global Sales and Manufacturing Platform • Sales & marketing offices in over 45 locations across 20 countries • Global account management • Six manufacturing locations on four continents • Global supply chain management • Unique blend of efficiency and customization Note: Figures represent LTM Q3 2023 Americas 58% of Net Sales Europe 30% of Net Sales Asia-Pacific 12% of Net Sales Carpet Manufacturing Facility Rubber Manufacturing Facility LVT Supplier Facility Showroom 13 Interface Positioning

Diversified Customer Verticals 14 Interface Positioning Note: Figures represent LTM Q3 2023, figures in chart may not sum to 100% due to rounding 48% Corporate 18% Education • Highest penetration of carpet tile vs broadloom • Global account management • New construction, renovations and remodels • Lease renewals result in recurring revenue • K-12 and higher education • Second highest penetration of carpet tile vs broadloom • Second largest market for rubber • Significant opportunity for broadloom conversion • Hospitals, Medical Office Building, Assisted Living, Senior Living and Life Sciences • Largest rubber market based on hygienic properties, chemical resistance, and durability • Significant opportunity for broadloom conversion • Retail and bank branches • Significant opportunity for broadloom conversion • High penetration of LVT • Federal, State, and Local procurement push for use of low carbon products • Low carbon footprint products support achievement of decarbonization goals outlined in US Inflation Reduction Act Corporate Education Healthcare Retail 10% Healthcare 6% Government 4% Retail 4% Residential Living 3% Hospitality 2% Consumer Residential 5% Other Revenue by Vertical Government

Environmental, Social and Governance Overview

16 ESG Overview 2022 ESG Highlights • Became the first flooring manufacturer to be third- party certified as a Carbon Neutral across our entire business • Continued to make progress on our verified Science Based Targets • Transitioned 100% of our carpet tile product manufactured in Europe to our carbon negative CQuest™ backing • Expanded our carbon negative carpet tile offering to FLOR®, our specialty design brand, helping residential customers create beautiful and environmentally conscious homes • Conducted our first Global Employee Commuting Survey, measuring employee commuting data with information directly from employees Environmental Stewardship • Completed the global rollout of Workday® for improved visibility into our people demographics; expanded the platform with launch of Workday Learning and Workday Talent & Performance • Continued to activate our global DEI strategy, introducing a mandatory Unconscious Bias Training course in the Americas and the launch of our first Inclusion Network, Women@Interface • Introduced expanded benefits program for U.S.- based employees that support mental and physical well-being • Launched The Home Project as part of our Reconciliation Action Plan to connect with, learn from, and collaborate with the First Nations people of Australia Social Responsibility • Adopted our Commitment to Human Rights, a global statement that outlines how we support human rights for all people • Updated our Security Incident Response Plan and deployed new technology to support enhanced data privacy and cybersecurity approach • Commenced search to appoint at least one new female director to the Board in 2024 • Updated our Code of Conduct, creating one source of guidance and policies for our employees to follow Governance & Ethics

Click here to access our 2022 Impact Report 17 The linked 2022 Impact Report is not a part of, or incorporated into, this presentation 2022 Impact Report This report highlights our commitment to operating in an ethical and sustainable manner that benefits all stakeholders – employees, customers, shareholders, and the environment – and our progress to reduce environmental impacts, cultivate social responsibility, and operate with strong governance.

Financial Performance

19 Financials At-a-Glance* (in $ millions) Currency Neutral Net Sales $306.1 (6.6%) YoY Net Sales $311.0 (5.1%) YoY Adjusted SG&A 25.5% % of Net Sales Adjusted Operating Income $32.4 10.4% of Net Sales Net Debt / Adjusted EBITDA 2.1x Net Sales $1,271.9 Adjusted EBITDA $151.1 11.9% of Net Sales Adjusted Operating Income $107.4 8.4% of Net Sales Q3 2023 LTM We are investing in customer-facing resources and innovation to drive short and long-term growth, while managing all other costs and focusing on productivity to improve margins.” Laurel Hurd, CEO “ Adjusted Earnings Per Share $0.28 Adjusted Earnings Per Share $0.91 Financial Performance * See Appendix for a reconciliation of Non-GAAP figures

Financial Performance GAAP Financial Results 20 ($ in millions, except EPS) 2023 2022 Change Net Sales $311 $328 (5%) Gross Profit 110 109 1% % of Net Sales 35.5% 33.2% SG&A Expense 79 81 (2%) % of Net Sales 25.5% 24.7% Operating Income 31 28 10% % of Net Sales 10.0% 8.6% Net Income (Loss) 10 14 (30%) % of Net Sales 3.2% 4.3% Diluted EPS 0.17$ 0.24$ (29%) Third Quarter

($ in millions, except EPS) 2023 2022 Change Net Sales $311 $328 (5%) Adjusted Gross Profit 112 110 1% % of Net Sales 35.9% 33.7% Adj SG&A Expense 79 79 0% % of Net Sales 25.5% 24.2% Adjusted Operating Income 32 31 4% % of Net Sales 10.4% 9.5% Adjusted Net Income 16 17 (6%) % of Net Sales 5.3% 5.3% Adjusted Diluted EPS 0.28$ 0.30$ (7%) Adjusted EBITDA $44 $43 2% Third Quarter Financial Performance Adjusted Financial Results* 21 * See Appendix for a reconciliation of Non-GAAP figures

22 Financial Performance Earnings Metrics* Adjusted EBITDA Adjusted Earnings Per Share (Diluted) * See Appendix for a reconciliation of Non-GAAP figures $ millions

Cash Total Debt Net Debt / LTM Adjusted EBITDA Financial Performance Capitalization and Liquidity* Net Debt 23 $ millions * See Appendix for a reconciliation of Non-GAAP figures

24 Financial Performance Balance capital allocation across investment in the business, managing our leverage ratio, and returning capital to shareholders. Financial Policy Reduce debt Optimize cost of capital and target Net Debt / Adjusted EBITDA < 2.0x Reinvest in the business Invest in strategic initiatives with high returns, including organic growth opportunities, innovation, manufacturing productivity, and salesforce effectiveness Explore M&A Opportunities Opportunistically evaluate accretive M&A transactions that are aligned with our strategy Return excess cash to Shareholders Utilize strong free cash flow to return excess cash to shareholders Capital Deployment Philosophy

Appendix

Appendix Reconciliation of Non-GAAP Figures 26 Note: Sum of reconciling items may differ from total due to rounding of individual components ($ in millions) Q3 2022 Q3 2023 Net Sales as Reported (GAAP) $327.8 $311.0 Impact of Changes in Currency - (4.9) Currency Neutral Sales $327.8 $306.1 Gross Profit as Reported (GAAP) $108.8 $110.3 Purchase Accounting Amortization 1.2 1.3 Thailand Plant Shutdown 0.5 - Adjusted Gross Profit $110.5 $111.6 SG&A Expense as Reported (GAAP) $80.8 $79.3 Restructuring, Asset Impairment, Severance and Other, net (1.6) 0.0 Cyber Event Impact - (0.1) Adjusted SG&A Expense $79.2 $79.2 Q3 2022 Q3 2023 LTM Q3 2023 Operating Income as Reported (GAAP) $28.0 $31.0 $54.8 Purchase Accounting Amortization 1.2 1.3 5.1 Thailand Plant Shutdown 0.5 0.0 - Cyber Event Impact - 0.1 6.1 Goodwill and Intangible Asset Impairment - - 36.2 Restructuring, Asset Impairment, Severance and Other, net 1.5 (0.0) 5.3 Adjusted Operating Income* $31.2 $32.4 $107.4

Appendix Reconciliation of Non-GAAP Figures 27Note: Sum of reconciling items may differ from total due to rounding of individual components (1) Represents insurance recovery of loss recognized in the first quarter of 2023. (2) Russia and Brazil foreign subsidiaries were substantially liquidated during the current period. The related cumulative translation adjustment was recognized in other expense. Q3 2022 Q3 2023 LTM Q3 2023 Net Income as Reported (GAAP) $14.1 $9.9 $0.3 Purchase Accounting Amortization 0.9 0.9 3.6 Thailand Plant Shutdown 0.5 - - Restructuring, Asset Impairment, Severance and Other, net 1.5 0.2 4.0 Cyber Event Impact - 0.1 4.6 Goodwill and Intangible Asset Impairment - - 34.3 Loss on Extinguishment of Debt - - 0.2 Property Casualty Loss(1) - 0.0 (0.4) Loss on Discontinuance of Interest Rate Swaps 0.5 0.1 1.0 Foreign Subsidiary Liquidation(2) - 5.1 5.1 Adjusted Net Income $17.4 $16.4 $52.9 2020 2021 2022 Q3 2022 Q3 2023 LTM Q3 2023 Diluted EPS as Reported (GAAP) ($1.23) $0.94 $0.33 $0.24 $0.17 $0.01 Purchase Accounting Amortization 0.07 0.07 0.06 0.01 0.02 0.06 Thailand Plant Shutdown - - 0.04 0.01 - - Impact of Change in Equity Award Forfeiture Accounting 0.02 - - - - - Restructuring, Asset Impairment, Severance and Other, net 0.23 0.16 0.13 0.03 0.00 0.07 Cyber Event Impact - - 0.07 - 0.00 0.08 Property Casualty Loss(1) - - - - 0.00 (0.01) Goodwill and Intangible Asset Impairment 2.05 - 0.58 - - 0.59 Warehouse Fire Loss 0.05 - - - - - SEC Fine 0.09 - - - - - Loss on Extinguishment of Debt 0.05 - 0.00 - - 0.00 Loss on Discontinuance of Interest Rate Swaps 0.05 0.06 0.04 0.01 0.00 0.02 FIN 48 Release on Discontinued Operations (0.22) - - - - - Foreign Subsidiary Liquidation(2) - - - - 0.09 0.09 Adjusted Diluted EPS* $1.15 $1.23 $1.25 $0.30 $0.28 $0.91

Appendix Reconciliation of Non-GAAP Figures Note: Sum of reconciling items may differ from total due to rounding of individual components * Historical AEBITDA figures have been updated to reflect a change in depreciation and amortization values used to calculate AEBITDA. (1) Represents insurance recovery of loss recognized in the first quarter of 2023. (2) Russia and Brazil foreign subsidiaries were substantially liquidated during the current period. The related cumulative translation adjustment was recognized in other expense. 28 ($ in millions) 2020 2021 2022 Q3 2022 Q3 2023 LTM Q3 2023 Net Income (Loss) as Reported (GAAP) ($71.9) $55.2 $19.6 $14.1 $9.9 $0.3 Income Tax Expense (Benefit) (7.5) 17.4 22.4 6.1 6.2 11.8 Interest Expense (including debt issuance cost amortization) 29.2 29.7 29.9 7.7 8.2 33.1 Depreciation and Amortization (excluding debt issuance cost amortization) 43.8 44.3 38.7 9.4 9.6 38.3 Share-Based Compensation Expense (0.5) 5.5 8.5 2.4 2.2 9.2 Purchase Accounting Amortization 5.5 5.6 5.0 1.2 1.3 5.1 Thailand Plant Shutdown - - 2.5 0.5 - - Cyber Event Impact - - 5.1 - 0.1 6.1 Property Casualty Loss(1) - - - - 0.0 (0.5) Goodwill and Intangible Asset Impairment 121.3 - 36.2 - - 36.2 Restructuring, Asset Impairment, Severance and Other, net 16.7 11.8 8.2 1.5 (0.0) 5.3 Warehouse Fire Loss 4.2 (0.2) - - - - SEC Fine 5.0 - - - - - Foreign Subsidiary Liquidation(2) - - - - 6.2 6.2 Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)* $145.7 $169.4 $176.1 $42.9 $43.7 $151.1 ($ in millions) 2020 2021 2022 Q3 2023 Total Debt $577 $518 $520 $444 Less: Cash (103) (97) (98) (120) Net Debt $474 $421 $423 $325 Total Debt / LTM Net Income as Reported (GAAP) (8.0x) 9.4x 26.6x 1284.4x Net Debt / LTM Adjusted EBITDA 3.2x 2.5x 2.4x 2.1x

Document and Entity Information Document	Nov. 03, 2023
Cover [Abstract]
Title of 12(b) Security	Common Stock, $0.10 Par Value Per Share
Document Type	8-K
Document Period End Date	Nov. 03, 2023
Entity Registrant Name	INTERFACE INC
Entity Incorporation, State or Country Code	GA
Entity File Number	001-33994
Entity Tax Identification Number	58-1451243
Entity Address, Address Line One	1280 West Peachtree Street NW
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	770
Local Phone Number	437-6800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000715787
Amendment Flag	false
Trading Symbol	TILE
Security Exchange Name	NASDAQ