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Mar 31, 2025
Mohawk Q1 2025 Earnings Report
Mohawk Industries reported its first quarter 2025 financial results, with net earnings of $73 million and adjusted EPS of $1.52.
Key Takeaways
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.
Net sales for Q1 2025 were $2.5258 billion, a decrease of 5.7% as reported compared to the prior year.
Adjusted diluted EPS for Q1 2025 was $1.52, compared to $1.86 in Q1 2024.
The company purchased 225,000 shares of stock for approximately $26 million during the quarter.
Mohawk anticipates second quarter adjusted EPS to be between $2.52 and $2.62.
Revenue by Segment
Forward Guidance
Mohawk anticipates its second quarter adjusted EPS to be between $2.52 and $2.62, excluding restructuring or other one-time charges. The company expects to address the annualized cost of approximately $50 million from tariffs through price increases and supply chain adjustments.
Positive Outlook
- Service for Flooring North America's order system has returned to historical rates.
- Productivity gains and restructuring actions are expected to benefit earnings.
- The company is focusing on optimizing sales and lowering operational costs through restructuring initiatives, aiming for a $100 million benefit this year.
- Global Ceramic and FNA are improving their mix with increased participation in the commercial channel and sales of premium collections.
- The company remains optimistic about the long-term prospects of the flooring category and expects results to improve when industry volumes return to historical levels.
Challenges Ahead
- Conditions in the first quarter weakened sequentially, with residential remodeling being the slowest sector.
- Consumer confidence has fallen due to increasing anxiety about future prospects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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