Mohawk Industries Inc
NYSE:MHK

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Mohawk Industries Inc
NYSE:MHK
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Price: 111.96 USD -2.82% Market Closed
Market Cap: 7B USD

Mohawk Industries Inc
Investor Relations

Mohawk Industries Inc. stands as a prominent force in the global flooring market, an industry as robust and diverse as the products it manufactures. Emerging initially as a modest carpet manufacturer, Mohawk has evolved into a sprawling enterprise, making its mark across a wide array of flooring categories, including carpet, ceramic tile, laminate, wood, stone, and luxury vinyl tile. At the heart of Mohawk's business model is a vertically integrated structure that allows the company to control every facet of production—from the procurement of raw materials to the distribution of finished goods. This integrated approach not only streamlines operations but also enables Mohawk to adapt quickly to changing market demands and consumer preferences, ensuring a broad and adaptable product portfolio.

Revenue generation for Mohawk is buoyed by its extensive global distribution network and its dynamic marketing strategies. The company sells its products to a vast clientele that includes residential builders, commercial property developers, and individual consumers, primarily through an array of retailers and distributors. This multi-channel distribution strategy allows Mohawk to penetrate various market segments effectively, maximizing its reach and potential for revenue. Moreover, continuous innovation and investment in sustainable manufacturing processes have marked Mohawk's operations, enhancing both efficiency and environmental responsibility. Consequently, the company has managed to fortify its presence not just by the breadth of its product offerings but also by its commitment to quality and sustainability, positioning Mohawk as a market leader in flooring solutions.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 24, 2025
AI Summary
Q3 2025

Revenue: Net sales for Q3 were $2.8 billion, up 1.4% as reported and in line with expectations, benefiting from premium product mix and commercial sales.

EPS: Adjusted earnings per share were $2.67, reflecting productivity gains and restructuring, offset by higher input costs and temporary plant shutdowns.

Cost Savings: Additional restructuring actions will deliver $32 million in annualized savings, with total 2025 restructuring savings expected at $110 million.

Tariff Impact: Tariffs on imported products have a roughly $110 million annual cost impact before mitigations; price increases of 5–10% have been announced and are flowing through gradually.

Cash Flow & Buybacks: Free cash flow was $310 million for the quarter; the company repurchased $40 million in shares and $108 million year-to-date.

Guidance: Q4 EPS is expected between $1.90 and $2.00, with continued market softness and one extra shipping day factored in.

Market Trends: Macro conditions remain challenging with weak consumer confidence, postponed remodeling, and declining home sales, though commercial sectors are holding up better.

Margins: Gross margin was 23.7% as reported (25.3% excluding charges); input costs are easing but still elevated, and management expects pricing and productivity to offset inflation into 2026.

Key Financials
Revenue
$2.8B
Earnings Per Share
$2.67 (adjusted), $1.75 (reported)
Gross Margin
23.7% (reported), 25.3% (excl. charges)
Operating Income
5% (reported), 7.5% (adjusted)
SG&A Expense
18.8% (reported), 17.9% (excl. charges)
Interest Expense
$5M
Tax Rate
17%
Free Cash Flow
$310M
Share Repurchases
$40M in Q3, $108M YTD
Gross Debt
$1.9B
Leverage
1.1x
Restructuring Savings
$110M annualized (2025), $32M from new actions
Segment Revenue - Global Ceramic
$1.1B
Segment Operating Margin - Global Ceramic
8.1% (adjusted)
Segment Revenue - Flooring North America
$937M
Segment Operating Margin - Flooring North America
7.2% (adjusted)
Segment Revenue - Flooring Rest of World
$716M
Segment Operating Margin - Flooring Rest of World
8.3% (adjusted)
Cash and Cash Equivalents
$516M
Inventories
$2.7B
CapEx
$76M (Q3), $480M (full year plan)
Depreciation & Amortization
$170M (Q3), $640M (full year plan)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeffrey S. Lorberbaum
Chairman & CEO
No Bio Available
Mr. William Christopher Wellborn
President, COO & Director
No Bio Available
Mr. William W. Harkins
Chief Accounting Officer & Corporate Controller
No Bio Available
Mr. Claudio Coni
Chief Information Officer
No Bio Available
Mr. Rodney David Patton
VP of Business Strategy, General Counsel & Secretary
No Bio Available
Mr. Clifford C. Suing
CFO of Global Ceramic Segment
No Bio Available
Ms. Malisa M. Maynard
Chief Sustainability Officer
No Bio Available
Mr. Wim Messiaen
President of Flooring Rest of the World
No Bio Available
Mr. Mauro Vandini
President of Global Ceramic segment
No Bio Available

Contacts

Address
GEORGIA
Calhoun
160 S Industrial Blvd, PO Box 12069
Contacts
+17066242032.0
mohawkind.com