Mohawk(US:MHK)2023-08-10 08:48Company Overview - Mohawk's Q2 2023 TTM net sales reached $11.3 billion[7] - The company's adjusted EBITDA for Q2 2023 TTM was $1.4 billion[7] - Adjusted EPS for Q2 2023 TTM was $9.16[7] - Cash flow from operations for Q2 2023 TTM amounted to $987 million[7] Q2 2023 Financial Results - Net sales were $3.0 billion, a decrease of 9.6% year-over-year on a constant basis[29] - Adjusted EBITDA was $390 million, down 24.1% year-over-year[30] - Adjusted diluted EPS was $2.76, a decrease of 37.4% year-over-year[30] - Net sales decreased by 6.4%, or 9.6% on a constant and legacy basis, from $3.153 billion in Q2 2022 to $2.950 billion in Q2 2023[31] - Adjusted EBITDA margin decreased from 16.3% in Q2 2022 to 13.2% in Q2 2023[31] Segment Performance - Global Ceramic segment sales decreased by 6.7% on a constant and legacy basis[37] - Flooring Rest of the World segment sales decreased by 10.2% on a constant and legacy basis[43] - Flooring North America segment sales decreased by 12.1% on a legacy basis[45]