Mohawk Industries 公布第一季度业绩

Core Viewpoint - Mohawk Industries reported a decline in net sales for Q1 2024 compared to the same period in 2023, with net sales of $2,679.4 million, down from $2,806.2 million, reflecting a decrease of approximately 4.5% [2][10]. Financial Performance - Net earnings attributable to Mohawk Industries increased to $105.0 million in Q1 2024, compared to $80.2 million in Q1 2023, representing a growth of 30.8% [2][14]. - Basic earnings per share (EPS) rose to $1.65 in Q1 2024 from $1.26 in Q1 2023, marking a 31.0% increase [2][12]. - Diluted EPS also increased to $1.64 from $1.26, reflecting the same percentage growth [2][12]. Segment Performance - Global Ceramic segment net sales were $1,044.8 million in Q1 2024, down from $1,059.3 million in Q1 2023 [7][11]. - Flooring North America (NA) segment reported net sales of $900.2 million, a decrease from $953.4 million in the previous year [7]. - Flooring Rest of World (ROW) segment net sales decreased to $734.4 million from $793.5 million [7]. Operating Income - Consolidated operating income for Q1 2024 was $146.6 million, up from $125.7 million in Q1 2023, indicating a growth of 16.9% [2][12]. - The Global Ceramic segment's operating income decreased to $48.8 million from $63.3 million [7][12]. - Flooring NA segment improved to an operating income of $45.0 million from a loss of $2.0 million [7][12]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $183.7 million, down from $257.3 million in Q1 2023 [3]. - Free cash flow decreased to $96.9 million from $128.8 million year-over-year [3]. Balance Sheet Highlights - Total assets decreased to $13,531.5 million as of March 30, 2024, from $14,763.5 million a year earlier [5]. - Total liabilities also decreased to $5,883.7 million from $6,657.8 million [5]. - Cash and cash equivalents increased to $658.5 million from $572.9 million [5]. Adjusted Financial Metrics - Adjusted net earnings attributable to Mohawk Industries were $118.8 million in Q1 2024, compared to $111.9 million in Q1 2023 [9]. - Adjusted diluted EPS rose to $1.86 from $1.75 year-over-year [9][12]. Debt and Leverage - Total debt as of March 30, 2024, was $2,626.0 million, with net debt calculated at $1,967.5 million after accounting for cash [8].