Interface, Inc. (NASDAQ:TILE) Q2 Earnings Conference Call August 5, 2022 8:00 AM ET
Company Participants
Christine Needles - Global Head, Corporate Communications
Laurel Hurd - CEO
Bruce Hausmann - VP and CFO
Conference Call Participants
David MacGregor - Longbow Research
Keith Hughes - Truist Securities
Operator
Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Interface, Inc. Second Quarter 2022 Earnings Conference Call. 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] Thank you.
Christine Needles, Corporate Communications, you may begin your conference.
Christine Needles
Good morning, and welcome to Interface’s conference call regarding second quarter 2022 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 associated with the ongoing COVID-19 pandemic and those described in our most recent annual report on Form 10-K filed and quarterly report on form 10-Q 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 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 rerecorded 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’d like to turn the call over to Laurel Hurd, CEO.
Laurel Hurd
Thank you, Christine, and good morning everyone. We delivered another strong quarter with sales up 18% reflecting growth across all our core segments and regions are continuing to navigate ongoing inflationary pressure and foreign currency headwinds. I continue to be impressed with our team and in the way we’re managing through a challenging inflationary environment. Our strong execution along with pricing and productivity gains help to mostly offset over 1,500 basis points of input cost inflation in the quarter.