Interface Announces Changes to Segment Reporting Structure
ATLANTA, May 5, 2021 /PRNewswire/ -- Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, announced today it has expanded its financial reporting into two reportable segments, Americas (AMS) and Europe, Africa, Asia, and Australia (EAAA). The change will be effective with the first quarter 2021 financial statements.
"The timing of this change is aligned with the largely completed integration of our nora business and integration of our European and Asia Pacific commercial areas into a EAAA region, despite delays due to COVID-19. This change also provides greater visibility into performance and results across the Company," said Dan Hendrix, Chairman and CEO of Interface.
The Company will provide comparable historical financial data when it reports its first quarter 2021 results on May 7, 2021. The realignment solely impacts the Company's segment reporting and there is no change to previously reported consolidated results.
About Interface
Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life.
Learn more about Interface at interface.com and blog.interface.com, our nora brand at nora.com, our FLOR® brand at FLOR.com, and our Carbon Neutral Floors™ program at interface.com/carbonneutral.
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SOURCE Interface, Inc.
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