Interface, Inc. (NASDAQ:TILE) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET

Company Participants

Christine Needles - Corporate Communications
Laurel Hurd - President & CEO
Bruce Hausmann - VP & CFO

Conference Call Participants

Kathryn Thompson - Thompson Research Group
Alexander Paris - Barrington Research
David MacGregor - Longbow Research

Operator

Thank you for standing by. My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter 2024 Interface, Inc. 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]

I would now like to turn the call over to Christine Needles, Corporate Communications. You may begin.

Christine Needles

Good morning, and welcome to Interface's conference call regarding second quarter 2024 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 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 rebroadcasted without Interface's express 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. To begin our call, I want to thank the entire Interface team for achieving another very strong quarter. The team continues to be committed to our One Interface strategy and combined with strong commercial execution and operational discipline, we delivered excellent performance in the second quarter as currency neutral net sales increased 6% year-over-year and adjusted gross profit margin increased 183 basis points to 35.7%.