Mohawk Earnings Reports

Mohawk Industries delivered Q3 2025 revenue of $2.76 billion, a 1.4% increase year-over-year. GAAP EPS was $1.75, and adjusted EPS was $2.67. Net income totaled $108.8 million, with operating income of $136.7 million. The company generated $310.3 million in free cash flow and maintained a solid balance sheet with $516.2 million in cash and total assets of $13.62 billion.

Mohawk delivered Q2 2025 results with $2.8 billion in revenue and $147 million net income, driven by operational efficiencies and cost containment, despite pricing pressures and soft demand.

Mohawk Industries announced first quarter 2025 net earnings of $73 million and adjusted net earnings of $96 million. Net sales for the quarter were $2.5 billion, a decrease of 5.7% as reported, but relatively flat on a constant basis when adjusted for constant days and exchange rates. The company's performance benefited from productivity gains, restructuring actions, and a lower tax rate, partially offsetting pricing pressure and higher input costs.

Mohawk Industries reported Q4 2024 net earnings of $93 million and EPS of $1.48, with adjusted net earnings of $123 million and adjusted EPS of $1.95. Revenue for the quarter was $2.64 billion, a slight increase of 1.0% year-over-year. Operating income declined to $121.8 million from $167.1 million in Q4 2023. The company faced challenges from competitive pricing and rising input costs but benefited from cost-cutting initiatives and restructuring efforts.

Mohawk Industries reported Q3 2024 net sales of $2.7 billion, a decrease of 1.7% as reported and 2.1% on an adjusted basis versus the prior year. Net earnings were $162 million, with EPS of $2.55; adjusted net earnings were $184 million, and adjusted EPS was $2.90. The company generated free cash flow of $204 million in the quarter.

Mohawk Industries reported Q2 2024 net sales of $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis. Net earnings were $157 million, with an EPS of $2.46; adjusted EPS was $3.00. The company generated free cash flow of approximately $142 million during the quarter.

Mohawk Industries reported Q1 2024 net sales of $2.7 billion, a decrease of 4.5% year-over-year. However, EPS rose to $1.64, and adjusted EPS was $1.86, compared to $1.26 and $1.75 respectively in the prior year. The company benefited from restructuring, productivity initiatives, and lower raw material costs.

Mohawk Industries reported Q4 2023 net sales of $2.6 billion, a decrease of 1.4% as reported. Net earnings were $139 million, with an EPS of $2.18. The company focused on optimizing revenues and reducing costs through restructuring actions and manufacturing enhancements.

Mohawk Industries reported a net loss of $760 million for Q3 2023, impacted by $876 million in non-cash impairment charges. Adjusted net earnings were $174 million, with adjusted EPS at $2.72. Net sales were $2.8 billion, a 5.2% decrease as reported and 8.1% on a legacy and constant currency basis.

Mohawk Industries reported a decrease in net sales and earnings for Q2 2023 compared to the previous year, impacted by higher interest rates, inflation, and declining flooring sales. However, margins expanded sequentially due to seasonal improvements, increased production, productivity initiatives, and lower input costs. The company generated $147 million in free cash flow and is implementing restructuring actions to save $35 million annually.

Mohawk Industries reported Q1 2023 results with net sales of $2.8 billion, a decrease of 6.9% as reported. Net earnings were $80 million, and diluted EPS was $1.26. The company exceeded earnings expectations due to maintaining higher pricing and a stronger mix of products. Free cash flow generation was $129 million.

Mohawk Industries reported Q4 2022 results with net sales of $2.7 billion, a decrease of 4.0% as reported. Net earnings were $33 million, and diluted EPS was $0.52. The company faced challenges from rising interest rates, inflation, and lower consumer confidence, leading to decreased flooring volumes and scaled-back production.

Mohawk Industries reported a net loss of $534 million for Q3 2022, including $696 million in non-cash impairment charges. Adjusted EPS was $3.34. Net sales increased by 3.6% to $2.9 billion, or 8.3% on a constant basis. The company is managing through economic challenges by optimizing costs, productivity, and inventory levels, while also investing in long-term growth and strategic acquisitions.

Mohawk Industries reported Q2 2022 results with net sales increasing by 6.7% to $3.2 billion, but net earnings decreased to $280 million, and EPS decreased to $4.40. The company faced challenges including inflation and a strengthening U.S. dollar, but price increases and product mix improvements helped to offset some of these headwinds.

Mohawk Industries reported a strong first quarter in 2022, with net sales reaching a record $3.0 billion, a 13.0% increase year-over-year. Net earnings were $245 million, with an EPS of $3.78. The company benefited from higher pricing, growth in its ceramic businesses, and an improving commercial sector.

Mohawk Industries reported Q4 2021 net sales of $2.8 billion, a 4.5% increase as reported and 11.8% on a constant currency and days basis. Net earnings were $189 million, with an EPS of $2.80. Adjusted net earnings were $199 million, and EPS was $2.95, excluding restructuring, acquisition, and other charges.

Mohawk Industries reported a strong Q3 2021, with net sales of $2.8 billion, up 9.4% year-over-year, and diluted EPS of $3.93. Adjusted EPS was $3.95, excluding restructuring, acquisition, and other charges. The company managed through a challenging environment with supply chain difficulties and government lockdowns, while maintaining robust home sales and remodeling investments.

Mohawk Industries reported strong Q1 2021 results with net sales of $2.7 billion, up 16.8% as reported. Net earnings were $237 million, and EPS was $3.36. The company benefited from strong consumer demand, restructuring and productivity actions, and leverage on SG&A costs.

Mohawk Industries reported a strong fourth quarter with net sales of $2.6 billion, a 9.0% increase, and EPS of $3.49. The results exceeded expectations due to strengthening residential purchases and restructuring initiatives, though commercial activity remained weak.

Mohawk Industries reported a strong third quarter in 2020, with net sales of $2.6 billion, a 2% increase year-over-year. Net profit was $205 million, with diluted EPS of $2.87. Adjusted net earnings were $233 million, and EPS was $3.26, excluding restructuring, acquisition and other charges. The company generated approximately $530 million in cash, bringing cash and short-term investments to around $1.2 billion. The company benefited from increased demand and customers increasing inventory in distribution channels.

Mohawk Industries reported a net loss of $48 million, or $0.68 per share, for the second quarter of 2020. Adjusted EPS was $0.37. Net sales for the quarter were $2.0 billion, down 21% as reported and 19% on a constant currency basis.

Mohawk Industries reported Q1 2020 net sales of $2.3 billion, a 6.4% decrease compared to Q1 2019. Net earnings were $111 million, with a diluted EPS of $1.54. The company's performance was impacted by the COVID-19 outbreak, which led to reduced demand and production adjustments across all markets.

Mohawk Industries reported Q4 2019 net sales of $2.4 billion, a decrease of 1.0% as reported. Net earnings were $265 million, and EPS was $3.68, including a one-time tax benefit of $136 million. Adjusted EPS was $2.25, excluding restructuring, acquisition and other charges. The company's operating and free cash flow for the quarter were $440 million and $300 million, respectively.