Mohawk Industries reports stable sales with net income of $73 million

From GlobeNewswire: 2025-05-03 01:37:00

Mohawk Industries, Inc. reported a net income of $73 million and an EPS of $1.15 for the first quarter of 2025. Net sales for the quarter were $2.5 billion, down 5.7% from the previous year. The company’s President and CEO, Jeff Lorberbaum, commented that the quarter saw relatively stable sales despite shipping days and negative currency factors. The company expects to absorb the impact of tariffs through price increases and supply chain adjustments. Despite global trade uncertainties, Mohawk remains optimistic about the long-term prospects of the flooring industry. The company’s adjusted net earnings were $95.6 million, with adjusted EPS of $1.52.

The company’s segment performance showed a decrease in net sales for Global Ceramic, Flooring NA, and Flooring ROW. Operating income was affected by restructuring, acquisition, and integration-related costs. The company remains focused on cost reduction and operational improvements to navigate the challenging market conditions. Mohawk’s adjusted EBITDA for the quarter was $267.9 million, reflecting ongoing efforts to optimize sales and reduce costs. The company expects adjusted EPS for the second quarter to be between $2.52 and $2.62. For more information, a conference call is scheduled for May 2, 2025, at 11:00 AM Eastern Time.



Read more at GlobeNewswire: Mohawk Industries presenta i risultati del primo trimestre