From GlobeNewswire: 2025-02-08 09:43:16

Mohawk Industries, Inc. reported a net income of $93 million and earnings per share of $1.48 for Q4 2024, with net sales of $2.6 billion, a 1.0% increase from the previous period. For the full year 2024, net income was $518 million and EPS was $8.14, with net sales of $10.8 billion, a 2.7% decrease from the previous year. The company’s CEO, Jeff Lorberbaum, commented that Q4 results exceeded expectations due to commercial activities and restructuring initiatives. The industry faced challenges such as weak residential demand and geopolitical tensions. Mohawk is focusing on innovation and marketing efforts to drive sales globally.

In Q4, Mohawk’s Global Ceramic segment saw a 1.5% increase in net sales, while the Flooring Rest of the World segment saw a 2.1% decrease. The Flooring North America segment had a 2.8% increase in net sales. The company is optimistic about the industry’s cyclical recovery and is implementing cost-saving measures to improve long-term results. Adjusted net earnings for Mohawk in Q4 were $122.9 million, with adjusted EPS of $1.95. The company is confident in its ability to navigate market challenges and maximize results with the industry’s recovery.



Read more at GlobeNewswire: Mohawk Industries presenta i risultati del quarto