From GlobeNewswire: 2025-05-03 10:51:00

Mohawk Industries, Inc. reported first-quarter 2025 net earnings of $73 million and earnings per share of $1.15. Adjusted net earnings were $96 million, with sales decreasing by 5.7% to $2.5 billion. The company cited challenges from lost sales, extraordinary costs, and global tariffs. Mohawk is taking measures to address the impact of tariffs, including price increases and supply chain adjustments. The company expects adjusted EPS for the second quarter to be $2.52 to $2.62. Mohawk remains optimistic about the long-term outlook for the flooring category despite current economic uncertainties.

Sales were down in all segments, with net sales in Global Ceramic decreasing by 4.9%, Flooring NA by 4.2%, and Flooring ROW by 8.8%. The company reported a decrease in operating income due to various factors, including restructuring costs and lower sales volume. Adjusted measures are being taken to manage costs and optimize sales performance. Adjusted EBITDA for the first quarter was $267.9 million. Adjusted net sales, gross profit, and operating income figures were also provided to reflect the company’s financial performance accurately.

The company provided detailed reconciliations for various financial metrics, including net earnings, gross profit, operating income, and earnings before income taxes, to show adjustments made for certain items. These adjustments help investors understand the underlying performance of the business and provide a more accurate representation of financial results. Mohawk Industries continues to focus on cost reduction, product innovation, and operational efficiency to navigate challenging market conditions and drive long-term growth. Contact James Brunk, CFO, for more information.



Read more at GlobeNewswire: Mohawk Industries reporta resultados del primer trimestre