Mohawk Q1 adjusted EPS $1.75 vs $3.78 year-ago; sales down 6.9%

MOHAWK INDUSTRIES INC

2023-Q1 EPS reported $1.26 revenue$2,806,223,000

Net sales $2.8B, down 6.9% YoY; net earnings $80M ($1.26 EPS) vs $245M ($3.78 EPS) last year.
Adjusted net earnings $112M, adj. EPS $1.75, excluding restructuring and acquisition charges.
Flooring North America sales -11.1%, adj. op margin 0.5%; Flooring Rest of World -9.7%, adj. op margin 12.6%; Global Ceramic -0.5%, adj. op margin 6.3%.
Q2 adj. EPS guidance $2.56-$2.66; free cash flow $129M in Q1.
Completed two ceramic acquisitions in Brazil and Mexico with ~$425M combined 2022 sales.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOHAWK INDUSTRIES INC reported first quarter 2023 results: revenue $2.8 billion, net income $80 million, EPS $1.26.

Period: first quarter 2023
Revenue: $2.8 billion
Net income: $80 million
EPS: $1.26
Result: reported results

Exact text from the filing

$1.26. Adjusted net earnings were $112 million, and adjusted EPS was $1.75, excluding restructuring, acquisition and other charges. Net sales for the first quarter of 2023 were $2.8 billion, a decrease of 6.9% as reported and 5.9% on a constant currency and days basis. For the first quarter of 2022, net sales were $3.0 billion, net earnings were $245 million and EPS

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Source: SEC EDGAR

accession 0000851968-23-000062

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