Interface Inc 2025年季度报告

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐NoþNumber of shares outstanding of each of the registrant’s classes of common stock, as of May1, 2025: Item 1.Financial Statements (Unaudited) Consolidated Statements of Comprehensive Income –Three Months Ended March 30, 2025 and March 31, 2024 Notes to Consolidated Condensed Financial StatementsManagement’s Discussion and Analysis of Financial Condition and Results of Operations Quantitative and Qualitative Disclosures about Market Risk Legal Proceedings Other Information 6 NOTE 1 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of PresentationReferences in this Quarterly Report on Form 10-Q to “Interface,” “the Company,” “we,” “our,” “ours” and “us” refer toInterface, Inc. and its subsidiaries or any of them, unless the context requires otherwise. 10-K for the fiscal year ended December29, 2024, as filed with the Commission. The financial information included in this report has been prepared by the Company. In the opinion of management, the financialinformation included in this report contains all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature unless otherwise disclosed. Nevertheless, the results shown for interim periods arenot necessarily indicative of results to be expected for the full year. The December29, 2024, consolidated condensed balance sheetdata was derived from audited financial statements, but does not include all disclosures required by accounting principles generallyaccepted in the United States (“GAAP”). Global economic challenges including but not limited to the potential impacts of government-imposed tariffs and retaliatorytariffs, inflation, supply chain disruptions, the Russia-Ukraine war and the conflicts in the Middle East, and slow market conditions in certain parts of the globe could cause economic uncertainty and volatility. The Company considered these impacts and subsequentgeneral uncertainties and volatility in the global economy on the assumptions and estimates used herein. These uncertainties couldresult in a future material adverse effect to the amounts reported within the Company’s consolidated condensed financial statements if Certain reclassifications to prior year information have been made in the consolidated condensed statements of cash flows to conform to the current period presentation. The previously reported line item “deferred income taxes and other” was separated intotwo line items in the current period presentation of the consolidated condensed statements of cash flows to provide additionalinformation. These reclassifications had no effect on cash provided by operating activities as previously reported.Recently Issued Accounting Pronouncements–Not Yet AdoptedIn November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, amount of selling expenses, and the definition of selling expenses in annual reporting periods. The new guidance in ASU 2024-03 iseffective for annual periods beginning after December 15, 2026 and interim periods within annual reporting periods beginning afterDecember 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this ASU to its consolidatedfinancial statements. a material impact to our consolidated financial statements. The Company generates revenue from sales of modular carpet, resilient flooring, rubber flooring, and other flooring-relatedmaterial, and from the installation of carpet and other flooring-related material. A summary of these revenue streams, as a percentageof net sales, for the three months ended March30, 2025 and March31, 2024 is as follows: geography as follows: segment includes revenue from the Europe and Asia-Pacific geographies. See Note 10 entitled “Segment Information” for additionalinformation. Inventories are summarized as follows:March 30, 2025December 29, 2024(in thousands)Finished goods$207,419$ EPS. Any unvested share-based awards considered non-participating securities (restricted share units and performance shares) areincluded in diluted EPS calculations when the inclusion of these shares would be dilutive.The following table shows the computationof basic and diluted EPS: Numerator:Net income$13,002$Denominator:Weighted average shares outstanding58,325(1) $0.22$Diluted EPS$0.22$ was $0.2million for the three months ended March31, 2024. have been antidilutive. For the three months ended March31, 2024,1,049,405non-participating securities (restricted share units andperformance shares) were excluded from the computation of diluted EPS as