Company Participants Conference Call Participants Operator I would now like to turn the conference over to James Brunk. Please go ahead. Thank you, Dave. Good morning, everyone. Welcome to Mohawk Industries' quarterly investor call. Joining me on today's call are Jeff Lorberbaum, Chairman, Chief Executive Officer; and Chris Wellborn, President and Chief Operating Officer. Today, we'll update you on the company's first quarter performance and provide guidance for the second quarter of 2023. This call may inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [Mark One] ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to MOHAWK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) | Delaware | 01-13697 | 52-1604305 | | --- | --- | --- | | (State or other jurisd ...

Mohawk Industries, Inc. (NYSE:MHK) Q4 2022 Earnings Conference Call February 10, 2023 4:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Christopher Wellborn - President & Chief Operating Officer. Conference Call Participants Phil Ng - Jefferies Susan Maklari - Goldman Sachs Eric Bosshard - Cleveland Research Company Truman Patterson - Wolfe Research Mike Dahl - RBC Capital Markets Stephen Kim - Evercore ISI Keith Hughes - Truist Securi ...

Mohawk Industries, Inc. (NYSE:MHK) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Chris Wellborn - President & Chief Operating Officer. Conference Call Participants Susan Maklari - Goldman Sachs John Lovallo - UBS Michael Rehaut - JPMorgan Keith Hughes - Truist Phil Ng - Jefferies Adam Baumgarten - Zelman & Associates Mike Dahl - RBC Capital Markets Laura Champine - Loop Capital Ste ...

Mohawk Industries, Inc. (NYSE:MHK) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Chris Wellborn - President & Chief Operating Officer. Conference Call Participants Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs David MacGregor - Longbow Research Phil Ng - Jefferies Eric Bosshard - Cleveland Research Kathryn Thompson - Thompson Research Group Michael Rehaut - JPMorgan Keith H ...

Mohawk Industries, Inc. (NYSE:MHK) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO William Wellborn - President, COO & Director Conference Call Participants Timothy Wojs - Robert W. Baird & Co. Matthew Bouley - Barclays Bank Susan Maklari - Goldman Sachs Group Keith Hughes - Truist Securities Michael Rehaut - JPMorgan Chase & Co. Stephen Kim - Evercore ISI Michael Dahl - RBC Capital Markets Philip Ng - Jefferies Truman Pa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 01-13697 MOHAWK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-K [Mark One] ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 | Delaware | | | 52-1604305 | | --- | --- | --- | ...

Mohawk Industries, Inc. (NYSE:MHK) Q4 2021 Earnings Conference Call February 11, 2022 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Chris Wellborn - President & Chief Operating Officer Conference Call Participants Truman Patterson - Wolfe Research Eric Bosshard - Cleveland Research Adam Baumgarten - Zelman Susan Maklari - Goldman Sachs Mike Dahl - RBC Capital Markets Michael Rehaut - JPMorgan Phil Ng - Jefferies Keith Hughes - Tru ...

Financial Data and Key Metrics Changes - Net sales for Q3 2021 rose 9% year-over-year to approximately $2.8 billion, with adjusted EPS at $3.95 per share, reflecting strong performance despite supply chain challenges [7][22] - Gross margin increased to 29.7%, up from 28.3% last year, driven by improved pricing and mix, offsetting inflation [18][19] - Operating margin was reported at 12.8%, improving from 11.5% in the prior year, attributed to better pricing and productivity gains [20][22] Business Line Data and Key Metrics Changes - Global ceramic sales reached just under $1 billion, a 9.6% increase, with operating margin excluding charges at 11.9%, up 160 basis points [23][24] - Flooring North America sales exceeded $1 billion, a 6.9% increase, with operating margin at 11.4%, an increase of 320 basis points [25][26] - Flooring Rest of the World sales exceeded $760 million, a 12.7% increase, with operating margin at 17.4%, a decrease due to material constraints and COVID lockdowns [27][28] Market Data and Key Metrics Changes - The commercial sector showed improvement, although at a slower rate due to COVID concerns delaying project timelines [8] - European operations faced significant challenges with natural gas costs rising to about four times earlier levels, impacting margins [12][61] - Inventory levels increased by approximately 20% year-over-year, primarily due to higher material costs and transportation delays [30] Company Strategy and Development Direction - The company is focused on enhancing organizational flexibility, reducing operational complexity, and aligning pricing with costs to improve margins [9][10] - Investments are being made to expand production capacity in response to growing demand, particularly in laminate and LVT segments [39][92] - The company plans to continue implementing price increases to offset rising material and energy costs [66][81] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth, citing robust new home construction and residential remodeling trends [67][68] - The company anticipates continued inflationary pressures but expects to align pricing with costs over time [66][130] - Management noted that the fourth quarter would see typical seasonal patterns, with operations running at high levels to improve service and inventory [64][101] Other Important Information - The company generated over $1.9 billion of EBITDA for the trailing 12 months, with a strong balance sheet supporting further investments and acquisitions [15][32] - A stock purchase program was increased by an additional $500 million, with approximately $250 million repurchased since the end of Q2 [15][32] Q&A Session Summary Question: Natural gas headwind impact - Management indicated that the $25 million headwind in Q4 is expected to be a significant factor going forward, with gas prices being highly volatile [71][72] Question: Flooring Rest of World profitability outlook - Management noted that margins are historically high, but inflation and material costs will continue to impact profitability [74][75] Question: Fourth quarter margin expectations - Management expects typical seasonality in Q4, with continued supply and labor constraints affecting margins [78][80] Question: Capital investments for 2022 - Planned capital expenditures for 2022 are estimated at approximately $800 million, focusing on expanding production capacity [91][92] Question: Competition and market share - Management believes they are performing well relative to imports, but inventory levels and distribution changes complicate the assessment [93][94] Question: Production constraints in North America - LVT production is the most constrained due to material shortages, while carpet production is less affected [96][97] Question: European ceramic pricing challenges - Management confirmed that Ceramic Europe is the most impacted by pricing pressures, while other segments have been able to push through price increases [134]

Mohawk Industries, Inc. (NYSE:MHK) Q2 2021 Earnings Conference Call July 30, 2021 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeffrey Lorberbaum - Chairman and Chief Executive Officer Christopher Wellborn - President and Chief Operating Officer Conference Call Participants Eric Bosshard - Cleveland Research Company, LLC Michael Dahl - RBC Capital Markets Adam Baumgarten - Zelman & Associates Susan Maklari - Goldman Sachs Group, Inc. Michael Rehaut - JPMorgan Chase & Co. Keith Hugh ...