Interface, Inc. (TILE) SEC Filings & Earnings Calls

Tariff Cost Exposure

“The Company incurred higher tariff costs on rubber and luxury vinyl tile products imported into the U.S. in fiscal year 2025 and in the first six months of 2026.” · word for word

Currency Fluctuation Risk

“Currency translation had a negative impact on consolidated cost of sales in the second quarter of 2026 and partially increased our costs by approximately $3.8 million (1.7%) compared to the same period last year.” · word for word

Tariff Cost Exposure

“In 2025, the U.S. government enacted a series of higher trade tariffs on goods imported into the U.S. As a result, the Company incurred higher tariff costs on rubber and luxury vinyl tile products imported into the U.S. in fiscal year 2025 and in the first quarter of 2026.” · word for word

Commercial Office Market Pressure

“Significant financial pressures in the commercial office market globally.” · word for word

Commercial real estate exposure

“The Company's business is tied to commercial interiors, which is sensitive to office utilization and CRE trends.”

Tariff exposure on LVT and rubber flooring

“We are particularly vulnerable to these trade policy changes as we source our luxury vinyl tile (LVT) products from a third-party manufacturer in South Korea and manufacture all our rubber flooring in Germany.” · word for word

Cybersecurity incident recurrence

“In November 2022, we discovered a cybersecurity attack, perpetrated by unauthorized third parties, affecting our IT systems (the “Cyber Event”).” · word for word

Office vacancy and hybrid work demand pressure

“Sales of our principal products are related to the renovation and construction of commercial and institutional buildings. This activity is cyclical and has been affected by the strength of a country’s or region’s general economy, prevailing interest rates and other factors, including increased office vacancies caused by lingering effects from the COVID-19 pa” · word for word

European energy supply disruption

“Any disruption in the supply of natural gas, oil, or other raw materials from Russia to Europe could adversely affect our ability to operate our business, our results of operations and our financial position, or adversely affect the ability of our key suppliers to meet our raw material requirements.” · word for word

Labor cost and attrition pressure

“Despite our focused efforts to attract and retain employees, including by offering higher levels of compensation in certain instances, we experienced attrition rates within our hourly workforce in recent years, that exceeded historical levels and we incurred higher operating costs at certain of our facilities in the form of higher levels of overtime pay.” · word for word

Macro uncertainty and competitive industry environment noted; ongoing risks from inflation and input costs

“While macro conditions remain uncertain, we enter 2026 with confidence” · word for word

Debt secured by substantially all assets; default could trigger foreclosure.

“The Agreement is secured by substantially all of the assets of the Company and its domestic subsidiaries” · word for word

Covenants limit ability to incur additional debt, make acquisitions, or pay dividends.

“these covenants limit the Borrowers’ ability to: create or incur liens on assets; make acquisitions of or investments in businesses” · word for word

Refinancing risk: redemption conditional on securing term loan; if not consummated, may extend or cancel.

“Condition precedent: Company shall have consummated one or more financing or refinancing transactions... If not satisfied, may extend or cancel.”

Tariff Exposure

“higher raw material and tariff-related costs” · word for word

PFAS Litigation

“PFAS lawsuit filed against Interface; case transferred to MDL.”

Macroeconomic Uncertainty

“Global economic challenges including tariffs, inflation, supply chain disruptions, and slow market conditions.”

Macroeconomic uncertainty: Company acknowledges challenging global macro environment, which could impact future demand.

“acknowledging a challenging and uncertain global macro environment” · word for word

Tariff and raw material cost pressure: Higher raw material and tariff-related costs partially offset margin gains.

“partially offset by higher raw material and tariff-related costs” · word for word