# EDGAR Filing Document

**Accession Number:** 0000715787
**File Stem:** 0000715787-23-000008
**Filing Date:** 2023-2
**Character Count:** 76554
**Document Hash:** 251e2caa6a84b3524c0e6f1237cc8892
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000715787-23-000008.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0000715787-23-000008

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 44

**CONFORMED PERIOD OF REPORT**: 20230228

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTERFACE INC
- **CENTRAL INDEX KEY:** 0000715787
- **STANDARD INDUSTRIAL CLASSIFICATION:** CARPETS AND RUGS [2273]
- **IRS NUMBER:** 581451243
- **STATE OF INCORPORATION:** GA
- **FISCAL YEAR END:** 0101

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33994
- **FILM NUMBER:** 23678282

**BUSINESS ADDRESS:**
- **STREET 1:** 1280 WEST PEACHTREE ST. NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 7704376800

**MAIL ADDRESS:**
- **STREET 1:** 1280 WEST PEACHTREE ST. NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERFACE FLOORING SYSTEMS INC
- **DATE OF NAME CHANGE:** 19870817

?xml version="1.0" ? tile-20230228

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

**FORM 8-K** 

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 28, 2023

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

 **INTERFACE INC** 

 

(Exact name of Registrant as Specified in its Charter)

Georgia 001-33994 58-1451243 <br> (State or other Jurisdiction of Incorporation or Organization) (Commission FileNumber) (IRS EmployerIdentification No.)

1280 West Peachtree Street NW <u>Atlanta</u> <u>Georgia</u> 30309 <br> (Address of principal executive offices) (Zip code)

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

<u>Not Applicable</u> 

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

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

---

| | | |
|:---|:---|:---|
| <u>Title of Each Class</u> | <u>Trading Symbol(s)</u> | <u>Name of Each Exchange on Which Registered</u> |
| 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&nbsp;&nbsp;&nbsp;&nbsp; ☐

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. ◻

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**Item 2.02**&nbsp;&nbsp;&nbsp;&nbsp; **<u>Results of Operations and Financial Condition.</u>**

On February 28, 2023, Interface, Inc. (the "Company") issued a press release reporting its financial results for the fourth quarter and full year of 2022 (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, goodwill and intangible asset impairment charges, cyber event costs, restructuring charges, asset impairment, severance and other charges. Adjusted EPS and adjusted net income also excludes loss on debt extinguishment, the discontinuance of interest rate swaps and the loss associated with a warehouse fire. Adjusted gross profit and adjusted gross profit margin exclude nora purchase accounting amortization, cyber event costs and the Thailand plant closure inventory write-down. Adjusted SG&A expenses exclude the cyber event impact and restructuring, asset impairment, severance, and other charges.

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, stock compensation amortization, goodwill and intangible asset impairment charges, cyber event costs, restructuring charges, asset impairment, severance and other charges, nora purchase accounting amortization, loss on debt extinguishment, the Thailand plant closure inventory write-down, and the loss associated with a warehouse fire.

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.

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**Item 7.01**&nbsp;&nbsp;&nbsp;&nbsp; **<u>Regulation FD Disclosure</u>**

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&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Statements and Exhibits</u>**

(d) Exhibits.

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | <u>[Press Release of Interface, Inc., dated February 28, 202](a991pressreleaseq42022.htm)[3](a991pressreleaseq42022.htm)[, reporting its financial results for the fourth quarter and full year of 2022 (furnished pursuant to Item 2.02 of this Report).](a991pressreleaseq42022.htm)</u> |
| 99.2 | <u>[Interface, Inc., slide presentation dated February 2023](investorpresentation2202.htm)</u>. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**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:&nbsp;&nbsp;&nbsp;&nbsp; | &nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Bruce A. Hausmann</u>&nbsp;&nbsp;&nbsp;&nbsp;  |
|  | Bruce A. Hausmann |
|  | Chief Financial Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;Date: February 28, 2023 |  |

---

## Exhibit 99.1

**FOR IMMEDIATE RELEASE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

![interfacelogo2.jpg](interfacelogo2.jpg)

Media Contact:Christine NeedlesGlobal Corporate Communications<u>Christine.Needles@interface.com</u>+1 404-491-4660 Investor Contact:Bruce HausmannChief Financial Officer<u>Bruce.Hausmann@interface.com</u>+1 770-437-6802

**Interface Reports Fourth Quarter and Full Year 2022 Results**

ATLANTA – February 28, 2023 – Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the fourth quarter and full fiscal year ended January 1, 2023.

Highlights:

Fourth Quarter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales totaled $335.6 million, down 1.2% year-over-year. Currency neutral net sales were up 3.6% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Currency neutral orders up 3.1% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP loss per share of $0.42, inclusive of non-cash goodwill and intangible asset impairment charge of $36.2 million; Adjusted earnings per share of $0.31.

Fiscal Year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales totaled $1.3 billion, up 8.1% year-over-year. Currency neutral net sales were up 13.0% versus prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continued reductions to both GAAP and Adjusted SG&A expenses as a percentage of net sales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP operating income was $75.4 million in 2022 versus $104.8 million in 2021; Adjusted operating income was $132.4 million in 2022, up 8% versus $122.3 million in 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP earnings per share of $0.33; Adjusted earnings per share of $1.25.

"Interface delivered strong results in 2022 driven by growth across all product lines and geographies. In a challenging macroeconomic environment, we grew net sales 13% on a currency neutral basis and increased adjusted operating income by 8% year-over-year. We continued to see robust demand for our carbon neutral and carbon negative products with currency neutral orders up 6.5% in 2022," commented Laurel Hurd, CEO of Interface.

"In January, I unveiled a new company strategy to the internal Interface team, focused on leveraging our strengths as one global organization to drive profitable growth across the business. This will enable us to bring the best of Interface to our customers, propelling us to the next level and into the future," continued Hurd. "We have already started to implement changes in our business that position us to capture the long-term growth and profitability of our differentiated products, innovative designs, and sought-after brands. We will also further focus our investments where they will have the most impact in our must win markets, segments, and products."

"Interface had a strong finish to the year while navigating an inflationary environment and a cybersecurity event in the fourth quarter. We maintained strong cost discipline despite these conditions, reducing SG&A expenses as a percent of net sales for the year by 186 basis points on a

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GAAP basis. We also ended the year with strong liquidity while continuing to invest in new products. Our capital allocation strategy and strong financial foundation will continue to position Interface for growth and return value for our shareholders," added Bruce Hausmann, CFO of Interface.

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**Fourth Quarter 2022 Financial Summary**

**Sales:** Fourth quarter net sales were $335.6 million, down 1.2% versus $339.6 million in the prior year period as currency headwinds offset underlying growth in the product portfolio.

Gross profit margin was 31.4% in the fourth quarter, a decrease of 431 basis points from the prior year period. Adjusted gross profit margin was 33.2%, a decrease of 294 basis points from adjusted gross profit margin for the prior year period due primarily to higher raw material costs, partially offset by higher selling prices.

Fourth quarter SG&A expenses were $83.5 million, or 24.9% of net sales, compared to $87.4 million, or 25.7% of net sales in the fourth quarter of 2021. Adjusted SG&A expenses were $79.4 million, or 23.7% of net sales, in the fourth quarter of 2022, compared to $81.6 million, or 24.0% of net sales, in the fourth quarter of 2021.

**Operating Income:** Fourth quarter operating loss was $14.6 million, compared to operating income of $33.9 million in the prior year period. Current year operating loss includes a goodwill and intangible asset impairment charge of $36.2 million, severance, asset impairment and other charges. Prior year operating income includes severance, asset impairment and other charges as well as a reversal of a portion of previously recognized restructuring charges. Fourth quarter 2022 adjusted operating income (AOI) was $32.0 million versus AOI of $41.1 million in the fourth quarter of 2021.

**Net Income and EPS:** On a GAAP basis, the Company recorded net loss of $24.6 million in the fourth quarter of 2022, or $0.42 per diluted share, compared to fourth quarter 2021 GAAP net income of $21.8 million, or $0.37 per diluted share. Fourth quarter 2022 adjusted net income was $18.1 million, or $0.31 per diluted share, versus fourth quarter 2021 adjusted net income of $27.8 million, or $0.47 per diluted share.

**Adjusted EBITDA:** In the fourth quarter of 2022, adjusted EBITDA was $41.3 million. This compares with adjusted EBITDA of $52.8 million in the fourth quarter of 2021.

**Fiscal Year 2022 Financial Summary**

**Sales:** Net sales for fiscal year 2022 were $1,297.9 million, versus $1,200.4 million in the prior year.

Gross profit margin was 33.7% for fiscal year 2022, a decrease of 232 basis points from the prior year. Adjusted gross profit margin was 34.7%, a decrease of 184 basis points from adjusted gross profit margin for the prior year due to higher labor and raw material costs, partially offset by higher selling prices.

SG&A expenses for fiscal year 2022 were $324.2 million, or 25.0% of net sales, compared to $324.3 million, or 27.0% of net sales in the prior year. Adjusted SG&A expenses were $317.6 million, or 24.5% of sales, for fiscal year 2022 compared to $316.1 million, or 26.3% of net sales, in the prior year.

**Operating Income:** Operating income for fiscal year 2022 was $75.4 million, compared to operating income of $104.8 million in the prior year. Operating income for 2022 includes a $36.2 million goodwill and intangible asset impairment charge. AOI was $132.4 million for fiscal year 2022 versus $122.3 million in the prior year.

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**Net Income and EPS:** On a GAAP basis, the Company recorded net income of $19.6 million in fiscal year 2022, or $0.33 per diluted share, compared to fiscal year 2021 GAAP net income of $55.2 million, or $0.94 per diluted share. Adjusted net income for fiscal year 2022 was $73.4 million, or $1.25 per diluted share, versus fiscal year 2021 adjusted net income of $72.3 million, or $1.23 per diluted share.

**Adjusted EBITDA:** In fiscal year 2022, adjusted EBITDA was $176.1 million. This compares with adjusted EBITDA of $169.4 million in fiscal year 2021.

**Cash and Debt:** The Company had cash on hand of $97.6 million and total debt of $520.2 million at the end of fiscal year 2022, compared to $97.3 million of cash and $518.1 million of total debt at the end of fiscal year 2021.

Fully diluted share count at the end of the fourth quarter of 2022 was 58.1 million shares

**Fourth Quarter 2022 Segment Results**

AMS Results:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 net sales were $196.0 million, up 2.7% versus $190.8 million in the prior year period primarily due to strength in the education and retail markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 orders were up 2% compared to the prior year period on a currency neutral basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 operating income was $17.6 million compared to $27.0 million in the prior year period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 AOI was $27.9 million versus $30.4 million in the prior year period.

EAAA Results:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 net sales were $139.6 million, down 6.2% versus $148.8 million in the prior year period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Currency fluctuations had an approximately $15.3 million negative impact on Q4 2022 sales as compared to Q4 2021 sales due to weakening of the Euro, British pound sterling and Australian dollar against the U.S. dollar. Excluding negative foreign currency impacts, EAAA's Q4 2022 net sales were up 3.9% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 orders were up 4% compared to the prior year period on a currency neutral basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 operating loss was $32.2 million compared to operating income of $6.9 million in the prior year period primarily due to a $32.3 million goodwill and intangible asset impairment charge in the current year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Q4 2022 AOI was $4.1 million versus $10.7 million in the prior year period.

**Fiscal Year 2022 Segment Results**

AMS Results:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales for fiscal year 2022 were $753.7 million, up 15.7% versus $651.2 million in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating income for fiscal year 2022 was $92.2 million compared to $81.4 million in the prior year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AOI for fiscal year 2022 was $102.4 million versus $85.0 million in the prior year.

EAAA Results:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales for fiscal year 2022 were $544.2 million, down 0.9% versus $549.2 million in the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Currency fluctuations had an approximately $56.7 million negative impact on net sales in fiscal year 2022 as compared to the prior year, primarily due to the weakening of the Euro, British Pound sterling and Australian dollar against the U.S. dollar. Excluding negative foreign currency impacts, EAAA's net sales were up 9.4% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating loss for fiscal year 2022 was $16.8 million compared to operating income of $23.4 million in the prior year. Fiscal year 2022 included a non-cash goodwill and intangible asset impairment charge of $32.3 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AOI for fiscal year 2022 was $30.1 million versus $37.3 million in the prior year.

**Outlook** 

Interface has entered 2023 with positive momentum, including a strong backlog and customer demand. However, the Company remains cautious about 2023 given the considerable macro-economic uncertainty including ongoing inflation and rising interest rates. It is difficult to predict these conditions or their potential impact on the industry. Interface has successfully managed through many challenging periods, and the Company believes it is strongly positioned to navigate through these unpredictable macro dynamics in 2023.

As the Company continues to monitor this situation, it is anticipating:

For the first quarter of 2023:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales of $290 million to $305 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted gross profit margin of approximately 34.0%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted SG&A expenses of approximately $82 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted Interest & Other expenses of approximately $10 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fully diluted weighted average share count of approximately 58.7 million shares.

For the full fiscal year 2023:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Year-over-year net sales growth of 1% to 5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted gross profit margin of approximately 35.0%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted SG&A expenses that are 25.0% - 25.5% of net sales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted Interest & Other expenses of approximately $36 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An adjusted effective tax rate for the full year of approximately 28.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital expenditures of approximately $32 million.

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**Webcast and Conference Call Information**

Interface will host a conference call on February 28, 2023, at 8:00 a.m. Eastern Time, to discuss its fourth quarter and fiscal year 2022 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/194791085, 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, goodwill and intangible asset impairment charges, cyber event costs, restructuring charges, asset impairment, severance and other charges. Adjusted EPS and adjusted net income also excludes loss on debt extinguishment, the discontinuance of interest rate swaps and the loss associated with a warehouse fire. Adjusted gross profit and adjusted gross profit margin exclude nora purchase accounting amortization, cyber event costs and the Thailand plant closure inventory write-down. Adjusted SG&A expenses exclude the cyber event impact and restructuring, asset impairment, severance, and other charges. 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, stock compensation amortization, goodwill and intangible asset impairment charges, cyber event costs, restructuring charges, asset impairment, severance and other charges, nora purchase accounting amortization, loss on debt extinguishment, the Thailand plant closure inventory write-down, and the loss associated with a warehouse fire. 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.

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**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.

Follow us on Facebook, Instagram, LinkedIn, Twitter, and Pinterest.

**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 2023 first quarter and 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 2, 2022, as supplemented in the Company's Quarterly Report on Form 10-Q for the quarter ended July 3, 2022: "The COVID-19 pandemic could have 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 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 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 closing or other adverse government regulations"; "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"; "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"; "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* 

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*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 or other unexpected events"; "Disruptions to or failures of our information technology systems could adversely affect our business"; "We face risks associated with litigation and claims"; and "The conflict between Russia and Ukraine could adversely affect our business, results of our operations and financial position". 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 -

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| | | | | |
|:---|:---|:---|:---|:---|
| **Consolidated Statements of Operations** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
| *(In thousands, except per share data)* | **1/1/2023** | **1/2/2022** | **1/1/2023** | **1/2/2022** |
| Net Sales | $335555 | $339646 | $1297919 | $1200398 |
| Cost of Sales | 230112 | 218268 | 860186 | 767665 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross Profit | 105443 | 121378 | 437733 | 432733 |
| Selling, General & Administrative Expenses | 83479 | 87448 | 324190 | 324315 |
| Restructuring Charges | 373 |  | 1965 | 3621 |
| Goodwill and Intangible Asset Impairment Charge | 36180 |  | 36180 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating Income (Loss) | (14589) | 33930 | 75398 | 104797 |
| Interest Expense | 8142 | 7409 | 29929 | 29681 |
| Other Expense, net | 1864 | 264 | 3552 | 2483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (Loss) Before Taxes | (24595) | 26257 | 41917 | 72633 |
| Income Tax Expense | 21 | 4431 | 22357 | 17399 |
| Net Income (Loss) | $(24616) | $21826 | $19560 | $55234 |
| Earnings (Loss) Per Share – Basic | $(0.42) | $0.37 | $0.33 | $0.94 |
| Earnings (Loss) Per Share – Diluted | $(0.42) | $0.37 | $0.33 | $0.94 |
| Common Shares Outstanding – Basic | 58166 | 59055 | 58865 | 58971 |
| Common Shares Outstanding – Diluted | 58166 | 59055 | 58865 | 58971 |

---

------

---

| | | |
|:---|:---|:---|
| **Consolidated Balance Sheets** | | |
| *(In thousands)* | **1/1/2023** | **1/2/2022** |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash | $97564 | $97252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Receivable | 182807 | 171676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory | 306327 | 265092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Assets | 30339 | 38320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets | 617037 | 572340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, Plant & Equipment | 297976 | 329801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Lease Right-of-Use Asset | 81644 | 90561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill and Intangible Assets | 162195 | 223204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets | 107651 | 114151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $1266503 | $1330057 |
| **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable | $78264 | $85924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued Liabilities | 120138 | 146298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Portion of Operating Lease Liabilities | 11857 | 14588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Portion of Long-Term Debt | 10211 | 15002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities | 220470 | 261812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-Term Debt | 510003 | 503056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Lease Liabilities | 72305 | 77905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Long-Term Liabilities | 102188 | 123886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | 904966 | 966659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' Equity | 361537 | 363398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities and Shareholders' Equity | $1266503 | $1330057 |

---

------

---

| | | |
|:---|:---|:---|
| **Consolidated Statements of Cash Flows** | **Twelve Months Ended** | **Twelve Months Ended** |
| *(In thousands)* | **1/1/2023** | **1/2/2022** |
| OPERATING ACTIVITIES |  |  |
| Net Income | $19560 | $55234 |
| Adjustments to Reconcile Net Income to Cash Provided by Operating Activities: |  |  |
| Depreciation and Amortization | 40337 | 46345 |
| Stock Compensation Amortization | 8527 | 5467 |
| Loss on Disposal of Fixed Assets | 4319 | 4427 |
| Bad Debt Expense | 26 | (263) |
| Goodwill and Intangible Asset Impairment Charge | 36180 |  |
| Amortization of Acquired Intangible Assets | 5038 | 5636 |
| Deferred Income Taxes and Other Non-Cash Items | 13414 | (16379) |
| Change in Working Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Receivable | (17489) | (36096) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (49651) | (47074) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid Expenses and Other Current Assets | 7020 | (4800) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable and Accrued Expenses | (24220) | 74192 |
| Cash Provided by Operating Activities | 43061 | 86689 |
| INVESTING ACTIVITIES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Expenditures | (18437) | (28071) |
| Cash Used in Investing Activities | (18437) | (28071) |
| FINANCING ACTIVITIES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolving Loan Borrowing | 206031 | 76000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revolving Loan Repayments | (189281) | (71500) |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan Repayments | (13191) | (60485) |
| &nbsp;&nbsp;&nbsp;&nbsp; Repurchase of Common Stock | (17171) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax Withholding Payments for Share-Based Compensation | (402) | (193) |
| &nbsp;&nbsp;&nbsp;&nbsp; Debt Issuance Costs | (1032) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends Paid | (2355) | (2362) |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Lease Payments | (2089) | (2282) |
| Cash Used in Financing Activities | (19490) | (60858) |
| Net Cash Provided by (Used in) Operating, Investing and Financing Activities | 5134 | (2240) |
| Effect of Exchange Rate Changes on Cash | (4822) | (3561) |
| CASH AND CASH EQUIVALENTS |  |  |
| Net Change During the Period | 312 | (5801) |
| Balance at Beginning of Period | 97252 | 103053 |
| Balance at End of Period | $97564 | $97252 |

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------

**Segment Results**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
| *(in thousands)* | **1/1/2023** | **1/2/2022** | **1/1/2023** | **1/2/2022** |
| **Net Sales** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AMS | $195972 | $190814 | $753740 | $651216 |
| &nbsp;&nbsp;&nbsp;&nbsp;EAAA | 139583 | 148832 | 544179 | 549182 |
| **Consolidated Net Sales** | $335555 | $339646 | $1297919 | $1200398 |
| **Segment AOI** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AMS | $27868 | $30438 | $102370 | $85014 |
| &nbsp;&nbsp;&nbsp;&nbsp;EAAA | 4150 | 10680 | 30058 | 37268 |
| **Consolidated AOI** | $32018 | $41118 | $132428 | $122282 |
| \* Note: Segment AOI includes allocation of corporate SG&A expenses | \* Note: Segment AOI includes allocation of corporate SG&A expenses | \* Note: Segment AOI includes allocation of corporate SG&A expenses |  |  |

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**Net Sales by Region**

---

| | |
|:---|:---|
| | **Twelve Months Ended** |
| *% of Total* | **1/1/2023** |
| **Net Sales** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AMS | 58% |
| &nbsp;&nbsp;EMEA | 29% |
| &nbsp;&nbsp;APAC | 13% |
| **Consolidated Net Sales** | 100% |

---

**Gross Billings by Customer Vertical**

---

| | |
|:---|:---|
| | **Twelve Months Ended** |
| *% of Total* | **1/1/2023** |
| **Gross Billings** |  |
| &nbsp;&nbsp;Corporate/Office | 48% |
| &nbsp;&nbsp;Education | 17% |
| &nbsp;&nbsp;Healthcare | 10% |
| &nbsp;&nbsp;Government | 6% |
| &nbsp;&nbsp;Retail | 6% |
| &nbsp;&nbsp;Residential/Living | 4% |
| &nbsp;&nbsp;Hospitality | 3% |
| &nbsp;&nbsp;Consumer Residential | 2% |
| &nbsp;&nbsp;Other | 4% |
| **Consolidated Gross Billings** | 100% |

---

------

**Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures** 

*(In millions, except per share amounts)*

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** |
| | | | | **Adjustments** | **Adjustments** | | | | | | **Adjustments** | **Adjustments** | | |
| |<br>**<u>Gross Profit</u>** |<br>**<u>SG&A</u>** |<br>**<u>Operating Income (Loss)</u>** | **<u>Pre-tax</u>** | **<u>Tax Effect</u>** |<br>**<u>Net Income (Loss)</u>** |<br>**<u>Diluted EPS</u>** |<br>**<u>Gross Profit</u>** |<br>**<u>SG&A</u>** |<br>**<u>Operating Income</u>** | **<u>Pre-tax</u>** | **<u>Tax Effect</u>** |<br>**<u>Net Income</u>** |<br>**<u>Diluted EPS</u>** |
| **GAAP As Reported** | $105.4 | $83.5 | $(14.6) |  |  | $(24.6) | $(0.42) | $121.4 | $87.4 | $33.9 |  |  | $21.8 | $0.37 |
| Non-GAAP Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Purchase Accounting Amortization | 1.2 |  | 1.2 | 1.2 | (0.4) | 0.9 | 0.01 | 1.4 |  | 1.4 | 1.4 | (0.4) | 1.0 | 0.02 |
| Restructuring, Asset Impairment, Severance and Other Charges |  | (3.7) | 4.1 | 4.1 | (0.6) | 3.5 | 0.06 |  | (5.8) | 5.8 | 5.8 | (1.5) | 4.3 | 0.07 |
| Goodwill and Intangible Asset Impairment |  |  | 36.2 | 36.2 | (2.1) | 34.1 | 0.59 |  |  |  |  |  |  |  |
| Cyber Event Impact | 4.8 | (0.3) | 5.1 | 5.1 | (1.3) | 3.8 | 0.07 |  |  |  |  |  |  |  |
| Loss on Extinguishment of Debt |  |  |  | 0.1 |  | 0.1 |  |  |  |  |  |  |  |  |
| Loss on Discontinuance of Interest Rate Swaps |  |  |  | 0.4 | (0.1) | 0.3 | 0.01 |  |  |  | 0.9 | (0.2) | 0.7 | 0.01 |
| Adjustments Subtotal \* | 6.0 | (4.1) | 46.6 | 47.1 | (4.4) | 42.7 | 0.73 | 1.4 | (5.8) | 7.2 | 8.1 | (2.1) | 6.0 | 0.10 |
| **Adjusted (non-GAAP) \*** | $111.4 | $79.4 | $32.0 |  |  | $18.1 | $0.31 | $122.7 | $81.6 | $41.1 |  |  | $27.8 | $0.47 |
| \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components |  |  |  |  |  |  |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** |
| | | | | **Adjustments** | **Adjustments** | | | | | | **Adjustments** | **Adjustments** | | |
| |<br>**<u>Gross Profit</u>** |<br>**<u>SG&A</u>** |<br>**<u>Operating Income</u>** | **<u>Pre-tax</u>** | **<u>Tax Effect</u>** |<br>**<u>Net Income</u>** |<br>**<u>Diluted EPS</u>** |<br>**<u>Gross Profit</u>** |<br>**<u>SG&A</u>** |<br>**<u>Operating Income</u>** | **<u>Pre-tax</u>** | **<u>Tax Effect</u>** |<br>**<u>Net Income /(Loss)</u>** |<br>**<u>Diluted EPS</u>** |
| **GAAP As Reported** | $437.7 | $324.2 | $75.4 |  |  | $19.6 | $0.33 | $432.7 | $324.3 | $104.8 |  |  | $55.2 | $0.94 |
| Non-GAAP Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Purchase Accounting Amortization | 5.0 |  | 5.0 | 5.0 | (1.5) | 3.6 | 0.06 | 5.6 |  | 5.6 | 5.6 | (1.6) | 4.0 | 0.07 |
| Thailand Plant Closure Inventory Write-down | 2.5 |  | 2.5 | 2.5 |  | 2.5 | 0.04 |  |  |  |  |  |  |  |
| Goodwill and Intangible Asset Impairment |  |  | 36.2 | 36.2 | (2.1) | 34.1 | 0.58 |  |  |  |  |  |  |  |
| Restructuring, Asset Impairment, Severance and Other Charges |  | (6.2) | 8.2 | 8.2 | (0.6) | 7.6 | 0.13 |  | (8.2) | 11.8 | 11.8 | (2.4) | 9.5 | 0.16 |
| Cyber Event Impact | 4.8 | (0.3) | 5.1 | 5.1 | (1.3) | 3.8 | 0.07 |  |  |  |  |  |  |  |
| Warehouse Fire Loss |  |  |  |  |  |  |  |  |  |  | (0.2) |  | (0.1) |  |
| Loss on Extinguishment of Debt |  |  |  | 0.1 |  | 0.1 |  |  |  |  |  |  |  |  |
| Loss on Discontinuance of Interest Rate Swaps |  |  |  | 2.8 | (0.7) | 2.1 | 0.04 |  |  |  | 4.9 | (1.2) | 3.7 | 0.06 |
| Adjustments Subtotal \* | 12.3 | (6.6) | 57.0 | 60.0 | (6.1) | 53.9 | 0.92 | 5.6 | (8.2) | 17.5 | 22.2 | (5.1) | 17.1 | 0.29 |
| **Adjusted (non-GAAP) \*** | $450.1 | $317.6 | $132.4 |  |  | $73.4 | $1.25 | $438.4 | $316.1 | $122.3 |  |  | $72.3 | $1.23 |
| \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* 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", "AOI")**

*(In millions)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** |
| | **AMS Segment** | **EAAA Segment** | **Consolidated \*** | **AMS Segment** | **EAAA Segment** | **Consolidated \*** |
| Net Sales as Reported (GAAP) | $196 | $139.6 | $335.6 | $190.8 | $148.8 | $339.6 |
| Impact of Changes in Currency | 1.0 | 15.3 | 16.4 |  |  |  |
| **Currency Neutral Net Sales \*** | $197.0 | $154.9 | $351.9 | $190.8 | $148.8 | $339.6 |
| \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components |  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** |
| | **AMS Segment** | **EAAA Segment** | **Consolidated \*** | **AMS Segment** | **EAAA Segment** | **Consolidated \*** |
| Net Sales as Reported (GAAP) | $753.7 | $544.2 | $1297.9 | $651.2 | $549.2 | $1200.4 |
| Impact of Changes in Currency | 2.1 | 56.7 | 58.8 |  |  |  |
| **Currency Neutral Net Sales \*** | $755.8 | $600.9 | $1356.7 | $651.2 | $549.2 | $1200.4 |
| \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components |  |  |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2022** | **Fourth Quarter 2021** | **Fourth Quarter 2021** | **Fourth Quarter 2021** |
| | **AMS Segment** | **EAAA Segment** | **Consolidated \*** | **AMS Segment** | **EAAA Segment** | **Consolidated \*** |
| **GAAP Operating Income (Loss)** | $17.6 | $(32.2) | $(14.6) | $27.0 | $6.9 | $33.9 |
| Non-GAAP Adjustments |  |  |  |  |  |  |
| Purchase Accounting Amortization |  | 1.2 | 1.2 |  | 1.4 | 1.4 |
| Thailand Plant Closure Inventory Write-down |  |  |  |  |  |  |
| Cyber Event Impact | 3.9 | 1.2 | 5.1 |  |  |  |
| Goodwill and Intangible Asset Impairment | 3.8 | 32.3 | 36.2 |  |  |  |
| Restructuring, Asset Impairment, Severance and Other Charges | 2.5 | 1.6 | 4.1 | 3.4 | 2.4 | 5.8 |
| Adjustments Subtotal \* | 10.3 | 36.4 | 46.6 | 3.4 | 3.8 | 7.2 |
| **AOI \*** | $27.9 | $4.1 | $32.0 | $30.4 | $10.7 | $41.1 |
| \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components |  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2022** | **Fiscal Year 2021** | **Fiscal Year 2021** | **Fiscal Year 2021** |
| | **AMS Segment** | **EAAA Segment** | **Consolidated \*** | **AMS Segment** | **EAAA Segment** | **Consolidated \*** |
| **GAAP Operating Income (Loss)** | $92.2 | $(16.8) | $75.4 | $81.4 | $23.4 | $104.8 |
| Non-GAAP Adjustments |  |  |  |  |  |  |
| Purchase Accounting Amortization |  | 5.0 | 5.0 |  | 5.6 | 5.6 |
| Thailand Plant Closure Inventory Write-down |  | 2.5 | 2.5 |  |  |  |
| Cyber Event Impact | 3.9 | 1.2 | 5.1 |  |  |  |
| Goodwill and Asset Impairment | 3.8 | 32.3 | 36.2 |  |  |  |
| Restructuring, Asset Impairment, Severance and Other Charges | 2.4 | 5.8 | 8.2 | 3.6 | 8.3 | 11.8 |
| Adjustments Subtotal \* | 10.1 | 46.9 | 57.0 | 3.6 | 13.9 | 17.5 |
| **AOI \*** | $102.4 | $30.1 | $132.4 | $85.0 | $37.3 | $122.3 |
| \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components | \* Note: Sum of reconciling items may differ from total due to rounding of individual components |  |  |  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Fourth Quarter 2022** | **Fourth Quarter 2021** | **Fiscal Year 2022** | **Fiscal Year 2021** |
| **Net Income (Loss) as Reported (GAAP)** | $(24.6) | $21.8 | $19.6 | $55.2 |
| Income Tax Expense |  | 4.4 | 22.4 | 17.4 |
| Interest Expense (including debt issuance cost amortization) | 8.1 | 7.4 | 29.9 | 29.7 |
| Depreciation and Amortization (excluding debt issuance cost amortization) | 9.3 | 10.6 | 38.7 | 44.3 |
| Stock Compensation Amortization | 1.9 | 1.3 | 8.5 | 5.5 |
| Purchase Accounting Amortization | 1.2 | 1.4 | 5.0 | 5.6 |
| Goodwill and Intangible Asset Impairment | 36.2 |  | 36.2 |  |
| Restructuring, Asset Impairment, Severance and Other Charges | 4.1 | 5.8 | 8.2 | 11.8 |
| Thailand Plant Closure Inventory Write-down |  |  | 2.5 |  |
| Cyber Event Impact | 5.1 |  | 5.1 |  |
| Warehouse Fire Loss |  |  |  | (0.2) |
| **Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)\*** | $**41.3** | $**52.8** | $**176.1** | $**169.4** |
|  | **As of 1/1/23** |  |  |  |
| Total Debt | $520.2 |  |  |  |
| Total Cash on Hand | (97.6) |  |  |  |
| **Total Debt, Net of Cash on Hand (Net Debt)** | $**422.7** |  |  |  |
|  | **1/1/2023** |  |  |  |
| Total Debt / Fiscal Year 2022 Net Income | 26.6x |  |  |  |
| Net Debt / Fiscal Year 2022 AEBITDA | 2.4x |  |  |  |
| Note: Sum of reconciling items may differ from total due to rounding of individual components | Note: Sum of reconciling items may differ from total due to rounding of individual components | 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. | \* Historical AEBITDA figures have been updated to reflect a change in depreciation and amortization values used to calculate AEBITDA. | \* Historical AEBITDA figures have been updated to reflect a change in depreciation and amortization values used to calculate AEBITDA. | \* Historical AEBITDA figures have been updated to reflect a change in depreciation and amortization values used to calculate AEBITDA. | \* Historical AEBITDA figures have been updated to reflect a change in depreciation and amortization values used to calculate AEBITDA. |

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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.

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## Exhibit 99.2

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Investor Presentation \| February 2023

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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 2, 2022, as supplemented in the Company's Quarterly Report on Form 10-Q for the quarter ended July 3, 2022, 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

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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, LVT, rigid core, and vinyl sheet 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

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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 49 years of innovation© C h ri s to p h e r P a yn e / E s to

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

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6 Interface at a Glance Diversified portfolio positioned for growth with strength across market segments Interface: a compelling investment 58% Americas 29% EMEA 13% APAC Revenue by Region 52% Non-office 48% Office Revenue by Customer Vertical Corporate Education Healthcare & Senior Living TransportationGovernment AustraliaGermanyUnited States Note: Figures represent Fiscal Year 2022

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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 a g e s© C h ri s to p h e r P a yn e / E s to … and unwavering commitment to our people winning culture commitment to talent development meaningful DEI progress

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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

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Interface Positioning

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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 a r W it t

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Leading Global Provider of Commercial Flooring Solutions Total global commercial flooring market = $39 Billion Interface served market = $9+ Billion, up from ~$4.2 Billion prior to 2017 • Global share leader in $5B Carpet Tile segment (now exceeds Broadloom segment globally) • Entered high growth $3.3B LVT segment in 2017 • 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

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12 Interface Positioning Interface serves growing segments of hard and soft surface with the highest margins. Participating in Attractive Commercial Flooring Segments Source: Management estimates Segment Size vs. Forecasted Growth and Gross Margin Wood Laminate LVT Other Resilient Ceramic Tile Carpet Tile Rubber Broadloom (4%) (2%) 0% 2% 4% 6% 8% 10% 12% 14% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% E s ti m a te d C A G R t h ro u g h 2 0 2 4 Gross Margin Bubble size = Global commercial value of category, 2019

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13 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% V o lu m e (s q u a re m e te rs i n m ill io n s)

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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 Fiscal Year 2022, may not sum to 100% due to rounding Americas 58% of Net Sales Europe 29% of Net Sales Asia-Pacific 13% of Net Sales Carpet Manufacturing Facility Rubber Manufacturing Facility LVT Supplier Facility Showroom 14 Interface Positioning

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Diversified Customer Verticals 15 Interface Positioning Note: Figures represent Fiscal Year 2022 for Interface and nora combined, figures in chart may not sum to 100% due to rounding 48% Corporate 17% 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 6% Retail 4% Residential Living 3% Hospitality 2% Consumer Residential 4% Other Revenue by Vertical Government

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Environmental, Social and Governance Overview

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17 ESG Overview 2021 ESG Highlights • Received validation of our 2030 greenhouse gas reduction targets as science-based from the Science-Based Targets initiative (SBTi) • Continued to deliver flooring products that are carbon neutral across their full product life cycle through Carbon Neutral Floors™ program • Collected 6.1 million pounds of post- consumer carpet through the ReEntry™ Reclamation & Recycling program • Became the first flooring company to sign The Climate Pledge, which brings together global organizations to drive climate action • Continued efforts to reduce our operational footprint, including waste, energy, greenhouse gas emissions, and water Environmental Sustainability in Action • Established a DEI framework and published our DEI Commitment statement • Invested in best-in-class tools and platforms to improve data visibility, including a best-in-class human capital management system • Launched a Global Culture Survey in partnership with Great Place to Work® • Continued to support the communities where we live and work • Implemented workplace strategies to support employee health and wellbeing globally • Completed 7,500+ hours of training for improved organizational effectiveness and to protect our people, processes, and technology Social Responsible Business • Delivered improved compliance training on key risks, including topics such as anti- bribery, anti-corruption, conflicts of interest, cybersecurity, and sanctions compliance • Reinforced our global compliance training, our Values, Code of Business Conduct and Ethics, and other policies throughout the year via local and global communications • Maintained a formal Enterprise Risk Management program tailored to our specific risk profile and needs • Continued to provide a Fraud & Ethics hotline, through EthicsPoint, to provide a simple, risk-free way to anonymously and confidentially report actual or suspected activities and behaviors Governance Compliance & Ethics

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Click here to access our 2021 ESG Report, Design With Purpose This report highlights our progress to reduce environmental impacts, cultivate social responsibility, and operate with strong governance. 18 The linked 2021 ESG Report is not a part of, or incorporated into, this presentation

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Financial Performance

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20 Investor Presentation Financials At-a-Glance Currency Neutral Net Sales $351.9 +3.6% YoY Net Sales $335.6 (1.2%) YoY Adjusted SG&A 23.7% % of Net Sales Adjusted Operating Income $32.0 9.5% of Net Sales Net Debt / Adjusted EBITDA 2.4x Net Sales $1,297.9 +8.1% YoY Adjusted EBITDA $176.1 13.6% of Net Sales Adjusted Operating Income $132.4 10.2% of Net Sales Q4 2022 FY 2022 We delivered strong results in 2022 reflecting broad based strength across the business despite a challenging operating environment with persistent input cost inflation and currency headwinds. I'm really proud of the global team's hard work and execution in 2022, which allowed us to significantly offset these headwinds through pricing and efficiencies." Laurel Hurd, CEO " \* All financials in millions Adjusted Earnings Per Share $0.31 Adjusted Earnings Per Share $1.25

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Financial Performance GAAP Financial Results 21 ($ in millions, except EPS) Full Year 2022 2021 Change 2022 2021 Change Net Sales $336 $340 (1%) $1,298 $1,200 8% Gross Profit 105 121 (13%) 438 433 1% % of Net Sales 31.4% 35.7% 33.7% 36.0% SG&A Expense 83 87 (5%) 324 324 (0%) % of Net Sales 24.9% 25.7% 25.0% 27.0% Restructuring Charges 0 - NM 2 4 (46%) Goodwill and Intangible Asset Impairment Charge 36 - NM 36 - NM Operating Income (Loss) (15) 34 (143%) 75 105 (28%) % of Net Sales (4.3%) 10.0% 5.8% 8.7% Net Income (Loss) (25) 22 (213%) 20 55 (65%) % of Net Sales (7.3%) 6.4% 1.5% 4.6% Diluted EPS ($0.42) $0.37 (214%) $0.33 $0.94 (65%) Fourth Quarter

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Financial Performance Adjusted Financial Results\* 22 \* See Appendix for a reconciliation of Non-GAAP figures ($ in millions, except EPS) Full Year 2022 2021 Change 2022 2021 Change Net Sales $336 $340 (1%) $1,298 $1,200 8% Adjusted Gross Profit 111 123 (9%) 450 438 3% % of Net Sales 33.2% 36.1% 34.7% 36.5% Adj SG&A Expense 79 82 (3%) 318 316 0% % of Net Sales 23.7% 24.0% 24.5% 26.3% Adjusted Operating Income 32 41 (22%) 132 122 8% % of Net Sales 9.5% 12.1% 10.2% 10.2% Adjusted Net Income 18 28 (35%) 73 72 2% % of Net Sales 5.4% 8.2% 5.7% 6.0% Adjusted Diluted EPS $0.31 $0.47 (34%) $1.25 $1.23 2% Adjusted EBITDA $41 $53 (22%) $176 $169 4% Fourth Quarter

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23 Financial Performance Earnings Metrics\* Adjusted EBITDA Adjusted Earnings Per Share (Diluted) \* See Appendix for a reconciliation of Non-GAAP figures $ million $1.18 $1.49 $1.59 $1.15 $1.23 $1.25 2017 2018 2019 2020 2021 2022 $152 $185 $197 $146 $169 $176 2017 2018 2019 2020 2021 2022

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Cash Total Debt Net Debt / Adjusted EBITDA Financial Performance Capitalization and Liquidity\* Net Debt 24 $ million \* See Appendix for a reconciliation of Non-GAAP figures $87 $81 $81 $103 $97 $98 2017 2018 2019 2020 2021 2022 $230 $619 $596 $577 $518 $520 2017 2018 2019 2020 2021 2022 $143 $538 $515 $474 $421 $423 2017 2018 2019 2020 2021 2022 0.9x 2.9x 2.6x 3.2x 2.5x 2.4x 2017 2018 2019 2020 2021 2022

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25 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 Shareowners Utilize strong free cash flow to support future dividend payments and execute $100 million share repurchase authorization Capital Deployment Philosophy

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Appendix

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Appendix Reconciliation of Non-GAAP Figures 27 Note: Sum of reconciling items may differ from total due to rounding of individual components ($ in millions) Q4 2021 Q4 2022 Fiscal Year 2021 Fiscal Year 2022 Net Sales as Reported (GAAP) $339.6 $335.6 $1,200.4 $1,297.9 Impact of Changes in Currency - 16.4 - 58.8 Currency Neutral Sales $339.6 $351.9 $1,200.4 $1,356.7 Gross Profit as Reported (GAAP) $121.4 $105.4 $432.7 $437.7 Purchase Accounting Amortization 1.4 1.2 5.6 5.0 Cyber Event Impact - 4.8 - 4.8 Thailand Plant Closure Inventory Write-Down - - - 2.5 Adjusted Gross Profit $122.7 $111.4 $438.4 $450.1 SG&A Expense as Reported (GAAP) $87.4 $83.5 $324.3 $324.2 Restructuring, Asset Impairment, Severance and Other Charges (5.8) (3.6) (8.2) (6.1) Cyber Event Impact - (0.3) - (0.3) Loss on Extinguishment of Debt - (0.1) - (0.1) Adjusted SG&A Expense $81.6 $79.4 $316.1 $317.6 Q4 2021 Q4 2022 Fiscal Year 2021 Fiscal Year 2022 Operating Income (Loss) as Reported (GAAP) $33.9 ($14.6) $104.8 $75.4 Purchase Accounting Amortization 1.4 1.2 5.6 5.0 Thailand Plant Closure Inventory Write-Down - - - 2.5 Cyber Event Impact - 5.1 - 5.1 Goodwill and Intangible Asset Impairment - 36.2 - 36.2 Restructuring, Asset Impairment, Severance and Other Charges 5.8 4.1 11.8 8.2 Adjusted Operating Income\* $41.1 $32.0 $122.3 $132.4

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Appendix Reconciliation of Non-GAAP Figures 28 Note: Sum of reconciling items may differ from total due to rounding of individual components ($ in millions) Q4 2021 Q4 2022 Fiscal Year 2021 Fiscal Year 2022 Net Income (Loss) as Reported (GAAP) $21.8 ($24.6) $55.2 $19.6 Purchase Accounting Amortization 1.0 0.9 4.0 3.6 Thailand Plant Closure Inventory Write-Down - - - 2.5 Restructuring, Asset Impairment, Severance and Other Charges 4.3 3.5 9.5 7.6 Cyber Event Impact - 3.8 - 3.8 Goodwill and Intangible Asset Impairment - 34.1 - 34.1 Loss on Extinguishment of Debt - 0.1 - 0.1 Warehouse Fire Loss - - (0.1) - Loss on Discontinuance of Interest Rate Swaps 0.7 0.3 3.7 2.1 Adjusted Net Income $27.8 $18.1 $72.3 $73.4 2017 2018 2019 2020 2021 2022 Q4 2021 Q4 2022 Diluted EPS as Reported (GAAP) $0.86 $0.84 $1.34 ($1.23) $0.94 $0.33 $0.37 ($0.42) Purchase Accounting Amortization - 0.38 0.08 0.07 0.07 0.06 0.02 0.01 Transaction Related Expenses - 0.12 - - - - - - Thailand Plant Closure Inventory Write-Down - - - - - 0.04 - - Impact of Change in Equity Award Forfeiture Accounting - - - 0.02 - - - - Restructuring, Asset Impairment, Severance and Other Charges 0.08 0.26 0.17 0.23 0.16 0.13 0.07 0.06 Cyber Event Impact 0.07 - 0.07 Goodwill and Intangible Asset Impairment - - - 2.05 - 0.58 - 0.59 Tax Act Expense (Benefit) 0.25 (0.11) - - - - - - 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 0.01 FIN 48 Release on Discontinued Operations - - - (0.22) - - - - Adjusted Diluted EPS\* $1.18 $1.49 $1.59 $1.15 $1.23 $1.25 $0.47 $0.31

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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. 29 ($ in millions) Q4 2021 Q4 2022 Net Income (Loss) as Reported (GAAP) $21.8 ($24.6) Income Tax Expense 4.4 0.0 Transaction Related Other Expense - - Interest Expense (including debt issuance cost amortization) 7.4 8.1 Depreciation and Amortization (excluding debt issuance cost amortization) 10.6 9.3 Stock Compensation Amortization 1.3 1.9 Purchase Accounting Amortization 1.4 1.2 Thailand Plant Closure Inventory Write-Down - - Cyber Event Impact - 5.1 Goodwill and Intangible Asset Impairment - 36.2 Restructuring, Asset Impairment, Severance and Other Charges 5.8 4.1 Warehouse Fire Loss - - Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)\* $52.8 $41.3 ($ in millions) 2017 2018 2019 2020 2021 2022 Net Income (Loss) as Reported (GAAP) $53.2 $50.3 $79.2 ($71.9) $55.2 $19.6 Income Tax Expense (Benefit) 47.3 4.7 22.6 (7.5) 17.4 22.4 Transaction Related Other Expense - 4.2 - - - - Interest Expense (includiing debt issuance cost amortization) 7.1 15.4 25.7 29.2 29.7 29.9 Depreciation and Amortization (excluding debt issuance cost amortization) 29.8 37.9 42.0 43.8 44.3 38.7 Stock Compensation Amortization 7.2 14.5 8.7 (0.5) 5.5 8.5 Purchase Accounting Amortization - 32.1 5.9 5.5 5.6 5.0 Transaction and Integration Related Expenses - 5.3 - - - - Thailand Plant Closure Inventory Write-Down - - - - - 2.5 Cyber Event Impact 5.1 Goodwill and Intangible Asset Impairment - - - 121.3 - 36.2 Restructuring, Asset Impairment, Severance and Other Charges 7.3 20.5 12.9 16.7 11.8 8.2 Warehouse Fire Loss - - - 4.2 (0.2) - SEC Fine - - - 5.0 - - Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (AEBITDA)\* $152.0 $184.9 $197.0 $145.7 $169.4 $176.1 ($ in millions) 2017 2018 2019 2020 2021 2022 Total Debt $230 $619 $596 $577 $518 $520 Less: Cash (87) (81) (81) (103) (97) (98) Net Debt $143 $538 $515 $474 $421 $423 Total Debt / LTM Net Income as Reported (GAAP) 4.3x 12.3x 7.5x (8.0x) 9.4x 26.6x Net Debt / LTM Adjusted EBITDA 0.9x 2.9x 2.6x 3.2x 2.5x 2.4x

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