[Q2 2025 Financial Highlights](index=1&type=section&id=Q2%202025%20Financial%20Highlights) Mohawk Industries reported Q2 2025 net sales were flat year-over-year, while both GAAP and adjusted net earnings and EPS declined Q2 & H1 2025 Key Financial Results (vs. Prior Year) | Metric | Q2 2025 (USD) | Q2 2024 (USD) | Change | H1 2025 (USD) | H1 2024 (USD) | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Net Sales | $2.8B | $2.8B | ~0% | $5.3B | $5.5B | -2.8% | | Net Earnings | $147M | $157M | -6.4% | $219M | $262M | -16.4% | | EPS | $2.34 | $2.46 | -4.9% | $3.49 | $4.10 | -14.9% | | Adjusted Net Earnings | $173M | $192M | -9.9% | $269M | $310M | -13.2% | | Adjusted EPS | $2.77 | $3.00 | -7.7% | $4.29 | $4.85 | -11.5% | [Management Commentary & Business Outlook](index=1&type=section&id=Management%20Commentary%20%26%20Business%20Outlook) Management highlights operational improvements and tariff management, anticipating input cost pressures to peak in Q3 with adjusted EPS guidance of **$2.56** to **$2.66** [Operational Performance and Strategy](index=1&type=section&id=Operational%20Performance%20and%20Strategy) The company is executing restructuring plans for **$100 million** in benefits, enhancing product mix, and leveraging North American manufacturing to mitigate tariffs - Restructuring actions are on schedule and expected to deliver approximately **$100 million** in benefits this year[10](index=10&type=chunk) - The company is mitigating industry pricing pressure by strengthening its product and channel mix, with a focus on premium collections and new introductions[3](index=3&type=chunk) - To counter increasing tariffs, the company is emphasizing its locally produced collections, as approximately **85%** of its U.S. sales are from goods produced in North America[6](index=6&type=chunk)[10](index=10&type=chunk) [Segment Performance](index=3&type=section&id=Segment%20Performance) In Q2 2025, Global Ceramic net sales and operating margin slightly increased, while Flooring Rest of World and North America segments experienced sales declines and margin pressures Q2 2025 Segment Performance vs. Prior Year | Segment | Net Sales Change (Reported) (%) | Net Sales Change (Adjusted) (%) | Operating Margin (Adjusted) (%) | | :--- | :--- | :--- | :--- | | Global Ceramic | +0.5% | +1.1% | 8.1% | | Flooring Rest of World | +1.0% | -3.0% | 10.4% | | Flooring North America | -1.2% | N/A | 7.3% | [Future Outlook and Guidance](index=3&type=section&id=Future%20Outlook%20and%20Guidance) The company anticipates continued sales constraints due to inflation and low consumer confidence, with input cost pressures peaking in Q3, and projects Q3 2025 adjusted EPS between **$2.56** and **$2.66** - Q3 2025 adjusted EPS is guided to be between **$2.56** and **$2.66**, excluding any restructuring charges or potential new tariff impacts[11](index=11&type=chunk) - Input cost pressures are expected to continue, with the impact peaking in the third quarter as higher costs flow through inventory[10](index=10&type=chunk) - The company believes it is strategically positioned to capitalize on opportunities as the industry recovers from the current cyclical downturn[5](index=5&type=chunk)[12](index=12&type=chunk) [Capital Allocation](index=1&type=section&id=Capital%20Allocation) Mohawk generated approximately **$125 million** in Q2 2025 free cash flow, repurchased **$42 million** in shares, and authorized a new **$500 million** share repurchase program - Generated approximately **$125 million** of free cash flow in Q2 2025[4](index=4&type=chunk) - Purchased approximately **393,000** shares for **$42 million** during the quarter[4](index=4&type=chunk) - The Board of Directors approved a new **$500 million** share repurchase authorization[4](index=4&type=chunk) [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements show a decline in Q2 2025 gross profit and operating income, an increase in total assets, and a significant decrease in H1 2025 operating cash flow [Condensed Consolidated Statements of Operations](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q2 2025 net sales remained flat at **$2.80 billion**, while gross profit, operating income, and net earnings all experienced year-over-year declines Q2 2025 Statement of Operations Highlights (in millions) | Account | Q2 2025 (USD millions) | Q2 2024 (USD millions) | | :--- | :--- | :--- | | Net sales | $2,802.1 | $2,801.3 | | Gross profit | $714.4 | $723.8 | | Operating income | $188.7 | $214.0 | | Net earnings | $146.5 | $157.4 | [Condensed Consolidated Balance Sheets](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 28, 2025, total assets increased to **$13.78 billion**, total liabilities decreased to **$5.48 billion**, and total stockholders' equity rose to **$8.30 billion** Balance Sheet Summary (in millions) | Account | June 28, 2025 (USD millions) | June 29, 2024 (USD millions) | | :--- | :--- | :--- | | Total current assets | $6,064.9 | $5,641.3 | | Total assets | $13,778.8 | $13,279.6 | | Total current liabilities | $2,853.2 | $2,937.7 | | Total liabilities | $5,481.2 | $5,627.1 | | Total stockholders' equity | $8,297.6 | $7,652.5 | [Other Financial Information (Cash Flow)](index=6&type=section&id=Other%20Financial%20Information%20%28Cash%20Flow%29) Net cash provided by operating activities for H1 2025 significantly decreased to **$210.0 million**, resulting in free cash flow of **$40.7 million** after capital expenditures Cash Flow Summary (in millions) | Metric | Six Months Ended 2025 (USD millions) | Six Months Ended 2024 (USD millions) | | :--- | :--- | :--- | | Net cash provided by operating activities | $210.0 | $417.3 | | Capital expenditures | $169.3 | $178.2 | | Free cash flow | $40.7 | $239.1 | [Segment Information](index=8&type=section&id=Segment%20Information) For H1 2025, all segments experienced year-over-year net sales declines, with Flooring North America's operating income halving, while Global Ceramic remained stable and Flooring Rest of World decreased Six Months Ended Segment Performance (in millions) | Segment | Net Sales H1 2025 (USD millions) | Net Sales H1 2024 (USD millions) | Operating Income H1 2025 (USD millions) | Operating Income H1 2024 (USD millions) | | :--- | :--- | :--- | :--- | :--- | | Global Ceramic | $2,114.7 | $2,160.4 | $130.0 | $131.9 | | Flooring NA | $1,809.2 | $1,858.7 | $61.8 | $123.3 | | Flooring ROW | $1,404.0 | $1,461.6 | $124.5 | $136.5 | [Non-GAAP Financial Measures and Reconciliations](index=8&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section details reconciliations of GAAP to non-GAAP financial measures, adjusting for items like restructuring costs and currency effects to provide a clearer view of core operating performance [Reconciliation of Net Earnings to Adjusted Net Earnings and EPS](index=8&type=section&id=Reconciliation%20of%20Net%20Earnings%20to%20Adjusted%20Net%20Earnings%20and%20EPS) Q2 2025 GAAP net earnings of **$146.5 million** were adjusted to **$173.3 million**, primarily due to **$29.4 million** in restructuring costs, resulting in an adjusted EPS of **$2.77** Q2 2025 Reconciliation of Net Earnings to Adjusted Net Earnings (in millions) | Metric | Q2 2025 (USD millions) | Q2 2024 (USD millions) | | :--- | :--- | :--- | | Net earnings (GAAP) | $146.5 | $157.4 | | Restructuring & other costs | $29.4 | $41.4 | | Other adjustments (net) | $4.9 | $(7.3) | | Adjusted net earnings (Non-GAAP) | $173.3 | $191.5 | [Reconciliation of Net Sales to Adjusted Net Sales](index=9&type=section&id=Reconciliation%20of%20Net%20Sales%20to%20Adjusted%20Net%20Sales) Q2 2025 reported net sales of **$2.802 billion** were adjusted to **$2.780 billion** after accounting for constant shipping days and exchange rates, representing a **0.8%** adjusted year-over-year decrease Q2 2025 Reconciliation of Net Sales (in millions) | Metric | Amount (USD millions) | | :--- | :--- | | Net sales (GAAP) | $2,802.1 | | Adjustment for constant shipping days | $12.0 | | Adjustment for constant exchange rates | $(34.4) | | Adjusted net sales (Non-GAAP) | $2,779.7 | [Reconciliation of Profitability Metrics](index=10&type=section&id=Reconciliation%20of%20Profitability%20Metrics) Q2 2025 adjusted operating income decreased to **$223.0 million** (**8.0%** margin) from **$256.7 million** (**9.2%** margin) in Q2 2024, primarily due to restructuring cost adjustments Q2 2025 Reconciliation of Operating Income (in millions) | Metric | Q2 2025 (USD millions) | Q2 2024 (USD millions) | | :--- | :--- | :--- | | Operating income (GAAP) | $188.7 | $214.0 | | Restructuring & other costs | $29.4 | $41.4 | | Legal settlements, etc. | $4.9 | $1.3 | | Adjusted operating income (Non-GAAP) | $223.0 | $256.7 | | Adjusted operating margin | 8.0% | 9.2% | [Reconciliation of Net Earnings to Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20Net%20Earnings%20to%20Adjusted%20EBITDA) Mohawk's TTM Adjusted EBITDA was **$1,342.1 million** as of June 28, 2025, resulting in a net debt to Adjusted EBITDA ratio of **1.2x** - Trailing twelve months Adjusted EBITDA was **$1,342.1 million**[26](index=26&type=chunk) - The ratio of Net Debt to Adjusted EBITDA was **1.2x** as of June 28, 2025[26](index=26&type=chunk) [Reconciliation of Total Debt to Net Debt](index=9&type=section&id=Reconciliation%20of%20Total%20Debt%20to%20Net%20Debt) As of June 28, 2025, total debt was **$2.201 billion**, and after subtracting cash, net debt stood at **$1.654 billion** Net Debt Calculation as of June 28, 2025 (in millions) | Metric | Amount (USD millions) | | :--- | :--- | | Total debt | $2,201.0 | | Less: Cash and cash equivalents | $546.7 | | Net debt | $1,654.3 | - The company provides non-GAAP measures to help investors understand long-term profitability trends by excluding items that may not be indicative of core operating performance[34](index=34&type=chunk)[36](index=36&type=chunk)

CALHOUN, Ga., July 24, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced second quarter 2025 net earnings of $147 million and earnings per share (“EPS”) of $2.34; adjusted net earnings were $173 million, and adjusted EPS was $2.77. Net sales for the second quarter of 2025 were $2.8 billion, essentially flat as reported and a decrease of 0.8% adjusted for constant days and exchange rates versus the prior year. During the second quarter of 2024, the Company reported net sales of $2. ...

Company Overview - Mohawk Industries, Inc. operates as a provider of rugs, flooring, carpets, ceramic tiles, and other similar products [1] Investment Insights - Crude Value Insights offers an investing service and community focused on oil and natural gas, emphasizing cash flow and companies that generate it, leading to value and growth prospects with real potential [1] Subscriber Benefits - Subscribers gain access to a 50+ stock model account, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions of the sector [2]

Core Viewpoint - Mohawk Industries, Inc. is expected to report a decline in both earnings and net sales for the second quarter of 2025 due to ongoing macroeconomic challenges and industry headwinds, particularly in the residential remodeling market [2][4][10]. Financial Performance - The adjusted earnings for the last reported quarter beat the Zacks Consensus Estimate by 3.7% but declined 18.3% year over year [2]. - The consensus estimate for Mohawk's earnings per share (EPS) for the upcoming quarter is $2.63, reflecting a decrease of 12.3% from the previous year [3]. - Net sales are projected at $2.79 billion, indicating a 0.3% decrease from the year-earlier level [3][10]. Segment Performance - The Global Ceramic segment, which accounted for 39.3% of first-quarter 2025 net sales, is expected to decline by 0.5% to $1.1 billion year over year [5]. - The Flooring Rest of World segment, contributing 26.6% to net sales, is anticipated to decrease by 1.2% to $718.5 million [5]. - Conversely, the Flooring North America segment, which represents 34.1% of net sales, is expected to see a slight increase of 0.1% year over year to $959.1 million [5]. Cost and Margin Outlook - Cost inflation remains a significant challenge, particularly in raw materials, labor, and energy, making it difficult for the company to fully offset rising costs through pricing actions alone [6]. - The company expects adjusted EPS in the range of $2.52-$2.62, down from $3 in the previous year, with an adjusted gross margin decline of 170 basis points year over year to 25.4% [7][10]. Strategic Initiatives - Mohawk is implementing restructuring efforts expected to yield $100 million in incremental savings in 2025 and $285 million on a run-rate basis by 2026 [8]. - Strategic investments in new products, particularly in premium laminate and LVT, are anticipated to provide long-term pricing and margin benefits [8].

Analysts on Wall Street project that Mohawk Industries (MHK) will announce quarterly earnings of $2.63 per share in its forthcoming report, representing a decline of 12.3% year over year. Revenues are projected to reach $2.79 billion, declining 0.3% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this t ...

Core Viewpoint - Mohawk Industries, Inc. has released its 2024 Impact Report, highlighting progress in sustainability goals, new eco-friendly products, and initiatives benefiting employees, communities, and the planet [1][2]. Group 1: Sustainable Product Leadership - The report emphasizes Mohawk's commitment to designing products that reduce carbon emissions, increase recyclable components, and promote circular design [1][2]. - Mohawk offers a comprehensive range of sustainable products, including tiles, carpets, resilient materials, laminates, and wood, marketed in approximately 180 countries [1][5]. Group 2: Carbon Reduction and Resource Conservation - In 2024, Mohawk recycled billions of plastic bottles into flooring and repurposed nearly 1.5 billion pounds of waste wood into particleboard, along with upgrading approximately 50 million pounds of discarded tires into decorative mats [5]. - The company exceeded its Scope 1, 2, and biogenic emissions intensity targets, achieving a 30% reduction from a 2010 baseline, earning recognition as a climate leader in the U.S. [5]. - Renewable energy consumption increased by 117% in 2024, with solar energy generated from rooftop panels rising by 53% [5]. - Global water intensity improved by 45% compared to the 2010 baseline, reflecting significant wastewater reuse in production processes [5]. Group 3: High-Performance Workforce - Among Mohawk's 41,900 global employees, 10.5% have been with the company for 25 years or more, contributing to its recognition as one of America's best large employers [5]. - The company's global recordable incident rate has decreased by approximately 35% compared to the 2010 baseline due to safety initiatives and employee engagement [5].

CALHOUN, Georgia, July 15, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today published its 16th annual impact report, which highlights progress toward the Company’s sustainability goals, new environmentally friendly residential and commercial products, and activities that benefit the Company’s people and communities as well as the planet. “At Mohawk, we invest in what works—solutions that reduce our environmental impact, strengthen our business and benefit our customers,” said Chairman and ...

Core Viewpoint - Mohawk Industries will release its Q2 2025 financial results on July 24, 2025, and will host a live earnings call on July 25, 2025, at 11:00 AM ET [1]. Group 1: Company Overview - Mohawk Industries is a leading global flooring manufacturer, providing products for residential and commercial spaces [2]. - The company has established a competitive advantage through vertically integrated production and distribution processes across various flooring types, including carpets, tiles, and vinyl [2]. - Over the past two decades, Mohawk has transformed from a U.S. carpet manufacturer to the largest flooring company globally, with operations in North America, Europe, South America, Oceania, and Asia [2]. Group 2: Earnings Call Information - The earnings call will be accessible via a live stream and can also be replayed until August 22, 2025, using specific access codes [1][3]. - For those unable to attend the live call, a replay can be accessed through the company's investor relations website [1].

Company Overview - Mohawk Industries is the leading global flooring manufacturer, enhancing residential and commercial spaces worldwide [2] - The company has transformed from an American carpet manufacturer into the world's largest flooring company over the past two decades, with operations in North America, Europe, South America, Oceania, and Asia [2] - Mohawk's vertically integrated manufacturing and distribution processes provide competitive advantages in producing various flooring products, including carpet, rugs, ceramic tile, laminate, wood, stone, and vinyl flooring [2] Upcoming Earnings Call - Mohawk Industries will release its Second Quarter 2025 earnings on July 24, 2025, followed by a conference call on July 25, 2025, at 11:00 am ET [1] - The conference call will be available for live streaming on the company's investor relations website [1] - For those unable to attend the live call, a replay will be available until August 22, 2025 [1]

Group 1 - The stock of Mohawk Industries, Inc. (MHK) is experiencing significant attention due to high implied volatility in the options market, particularly the Aug 15, 2025 $65 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Mohawk Industries currently holds a Zacks Rank 3 (Hold) in the Textile - Home Furnishing industry, which is in the top 5% of the Zacks Industry Rank, but analysts have not increased earnings estimates for the current quarter, leading to a decrease in the consensus estimate from $2.67 to $2.63 per share [3] Group 2 - The high implied volatility surrounding Mohawk Industries may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]