Interface, a commercial flooring company, announced 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.
To learn more, visit interface.com.