Interface, Inc. (NASDAQ:TILE) Q4 2022 Earnings Conference Call February 28, 2023 8:00 AM ET
Company Participants
Christine Needles - Corporate Communications
Laurel Hurd - Chief Executive Officer
Bruce Hausmann - Chief Financial Officer
Conference Call Participants
Kathryn Thompson - Thompson Research Group
Keith Hughes - Truist
David MacGregor - Longbow Research
Operator
Greetings and welcome to the Interface Inc. Fourth Quarter 2022 Earnings Conference Call. Please note, today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]
I will now turn the conference over to Christine Needles, Corporate Communications. Ms. Needles, you may begin.
Christine Needles
[Technical Difficulty] 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 the risks and uncertainties described in our most recent annual report on Form 10-K, and second quarter 2022 quarterly report on Form 10-Q filed with the SEC. You should also consider any additional or updated information we include under the heading risk factors in our subsequent quarterly and annual report. 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 earnings 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 re-recorded or re-broadcasted without Interface's expressed permission. Your participation on the call, confirms your consent to 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. Interface delivered strong results in 2022 reflecting broad based strengths across the business. Currency neutral sales grew 13% and adjusted operating income increased 8%, 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.