Interface, Inc. (NASDAQ:TILE) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET

Company Participants

Christine Needles - Investor Relations

Laurel Hurd - Chief Executive Officer

Bruce Hausmann - Chief Financial Officer

Conference Call Participants

Kathryn Thompson - Thompson Research Group

David MacGregor - Longbow Research

Keith Hughes - Truist Securities

Operator

Thank you for standing by. My name is Bhavesh and I will be your conference operator today. At this time I would like to welcome everyone to the Q1 2023 Interface Incorporated Earnings Conference Call. [Operator Instructions] Thank you. I will now hand the call over to Christine Needles of Corporate Communications. You may begin your conference.

Christine Needles

Good morning, and welcome to Interface’s conference call regarding first quarter 2023 results, hosted by Laurel Hurd, CEO; and Bruce Hausmann, CFO.

During today’s conference call any management comments regarding Interface’s business, which are not historical information, are forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements regarding the intent, belief or current expectations of our management team as well as the assumptions on which such statements are based.

Any forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could cause actual results to differ materially from any such statements, including risks and uncertainties described in our most recent annual report on Form 10-K filed with the SEC. The company assumes no responsibility to update forward-looking statements.

Management’s remarks during this call also refer to certain non-GAAP measures. Reconciliations of the non-GAAP measures to the most comparable GAAP measures and explanations for their use are contained in the company’s earning release and Form 8-K furnished with the SEC today.

Lastly, this call is being recorded and broadcasted for Interface. It contains copyrighted material and may not be rerecorded or rebroadcasted without Interface’s express permission. Your participation on the call confirms your consent for the company’s taping and broadcasting of it. After our prepared remarks, we will open up the call for questions.

Now I will turn the call over to Laurel Hurd, CEO.

Laurel Hurd

Thank you, Christine and good morning everyone. Before I move into the quarter’s results, I want to update you on our progress with One Interface. As a reminder, we announced this multiyear strategy after a deep dive into the business with a focus on increasing value for our shareholders. We plan to emerge from this process with more consistent growth in our core business, expanded and sustainably higher gross margins and a far more globally leverageable business.