Business
Interface : Quarterly Report for Quarter Ending April 5, 2026 (Form 10-Q)
Interface : Quarterly Report for Quarter Ending April 5, 2026 (Form
About this update from Interface, Inc.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our discussions below in this Item 2 are based upon the more detailed discussions about our business, operations and financial condition included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025, under Part II, Item 7 of that Form 10-K. Our discussions here focus on our results during the quarter ended April 5, 2026, or as of, April 5, 2026, and the comparable periods of 2025, and to the extent applicable, any material changes from the information discussed in that Form 10-K or other important intervening developments or information since that time. These discussions should be read in conjunction with that Form 10-K for more detailed and background information. The three-month period ended April 5, 2026 includes 14 weeks, and the three-month period ended March 30, 2025 includes 13 weeks. Forward-Looking Statements This report contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties associated with the economic conditions in the commercial interiors industry as well as the risks and uncertainties discussed under the heading "Risk Factors" included in Part I, Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2025. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. Executive Overview During the quarter ended April 5, 2026, we had consolidated net sales of $331.0 million, up 11.3% compared to $297.4 million in the first quarter last year, primarily due to higher sales volume partially driven by an extra week in 2026. The sales increase was primarily in the corporate office market segment. Fluctuations in currency exchange rates positively impacted net sales during the first quarter of 2026, as discussed below. Consolidated operating income was $32.3 million for the first quarter of 2026, compared to $23....