Mohawk Industries 第三季度业绩报告

Core Insights - Mohawk Industries, Inc. reported a net sales of $2,719.0 million for the three months ended September 28, 2024, a decrease from $2,766.1 million in the same period of 2023, reflecting a decline of 1.7% [3][4] - The company achieved a gross profit of $692.6 million for the third quarter of 2024, slightly up from $692.0 million in the prior year [3][4] - Operating income for the third quarter of 2024 was $212.3 million, a significant recovery from a loss of $733.7 million in the same quarter of 2023 [3][4] - Net earnings attributable to Mohawk Industries, Inc. were $162.0 million for the third quarter of 2024, compared to a loss of $760.4 million in the same period of the previous year [3][4] Financial Performance - For the nine months ended September 28, 2024, net sales totaled $8,199.7 million, down from $8,522.8 million in the same period of 2023 [3][4] - The cost of sales for the third quarter of 2024 was $2,026.4 million, compared to $2,074.1 million in the same quarter of 2023 [3][4] - Selling, general and administrative expenses decreased to $480.3 million in Q3 2024 from $549.6 million in Q3 2023 [3][4] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the third quarter of 2024 was $319.6 million, down from $512.0 million in the same quarter of 2023 [4][5] - Free cash flow for the third quarter of 2024 was $204.2 million, compared to $384.6 million in the same period of 2023 [4][5] - Capital expenditures for the third quarter of 2024 were $115.4 million, slightly lower than $127.4 million in Q3 2023 [4][5] Balance Sheet Highlights - As of September 28, 2024, total assets were $13,313.2 million, an increase from $13,138.5 million as of September 30, 2023 [5][6] - Current liabilities decreased to $2,771.0 million from $3,188.6 million year-over-year [5][6] - Total stockholders' equity increased to $7,855.7 million from $7,271.4 million in the previous year [5][6] Segment Performance - Global Ceramic segment net sales for Q3 2024 were $1,058.0 million, down from $1,091.7 million in Q3 2023 [6][7] - Flooring North America segment reported net sales of $974.0 million, slightly up from $962.2 million in the same quarter of 2023 [6][7] - Flooring Rest of World segment net sales were $687.0 million, down from $712.2 million in the prior year [6][7]