Mohawk Q1 EPS $3.78, revenue $3.0B (+13% YoY); guides Q2 adjusted EPS $4.25-$4.35

MOHAWK INDUSTRIES INC

2022-Q1 EPS reported $3.78 revenue$3,015,663,000

Net sales $3.0B (+13.0% as reported, +17.3% constant currency); net earnings $245M, diluted EPS $3.78.
Global Ceramic sales +14.5%, op margin 9.4%; Flooring Rest of World +14.2%, op margin 15.3%; Flooring North America +10.6%, op margin 8.9%.
Q2 2022 adjusted EPS guidance $4.25-$4.35; citing inflation, European energy costs, and capacity expansions.
Board approved additional $500M share repurchase program in Feb; repurchased 2.1M shares ($307M) in Q1.

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