---
schema_version: "secwatch.filing_event.v1"
accession: "0000851968-23-000094"
form_type: "8-K"
ticker: "MHK"
cik: "0000851968"
company_name: "MOHAWK INDUSTRIES INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:23:03.999468+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mohawk posts Q3 net loss of $760M, impairment charge of $876M; adjusted EPS $2.72 vs $3.34 prior year

## Summary
- Net loss $760M ($11.94 diluted loss per share) including $876M non-cash impairment of goodwill and intangibles; adjusted EPS $2.72.
- Net sales $2.8B, down 5.2% as reported (8.1% on legacy/constant currency) vs Q3 2022 sales of $2.9B.
- Global Ceramic margin -32.5% (adj. 8.0%), Flooring ROW -22.4% (adj. 10.9%), Flooring NA -17.4% (adj. 8.1%).
- Restructuring to shut Italian ceramic, convert U.S. LVT to direct extrusion; expects $30M annual savings, ~$55M charge.
- Q4 2023 adjusted EPS guidance $1.80-$1.90; full-year adjusted EPS expected above $9.00; free cash flow $385M in Q3.

## SEC filing metadata
- accession: 0000851968-23-000094
- form_type: 8-K
- ticker: MHK
- cik: 0000851968
- company_name: MOHAWK INDUSTRIES INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/mhk-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000851968-23-000094
- JSON: https://secwatch.observer/filing/0000851968-23-000094.json
- Plain text: https://secwatch.observer/filing/0000851968-23-000094.txt

## Key facts
- Earnings Releases
  MOHAWK INDUSTRIES INC reported nine-month period ending October 1, 2022 adjusted results: net income adjusted net earnings were $739 million, EPS adjusted EPS was $11.56.
  - Period: nine-month period ending October 1, 2022 adjusted
  - Net income: adjusted net earnings were $739 million
  - EPS: adjusted EPS was $11.56
  - Result: reported results
  source text: adjusted net earnings were $739 million, and adjusted EPS was $11.56, excluding impairment and other non-recurring charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported nine-month period ending September 30, 2023 results: revenue net sales were $8.5 billion, net income reported a net loss and loss per share of $579 million, EPS loss per share of $9.10.
  - Period: nine-month period ending September 30, 2023
  - Revenue: net sales were $8.5 billion
  - Net income: reported a net loss and loss per share of $579 million
  - EPS: loss per share of $9.10
  - Result: reported results
  source text: Adjusted net earnings were $462 million, and adjusted EPS was $7.23, excluding impairment and other non-recurring charges. For the first nine months of 2023, net sales were $8.5 billion, a decrease of 6.2% as reported and 8.7% on a legacy and constant currency and days basis versus the prior year. For the nine-month period ending October 1, 2022, the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported nine-month period ending October 1, 2022 results: revenue net sales of $9.1 billion, net income net loss of $8 million, EPS loss per share of $0.13.
  - Period: nine-month period ending October 1, 2022
  - Revenue: net sales of $9.1 billion
  - Net income: net loss of $8 million
  - EPS: loss per share of $0.13
  - Result: reported results
  source text: For the nine-month period ending October 1, 2022, the Company reported net sales of $9.1 billion, a net loss of $8 million and a loss per share of $0.13; adjusted net earnings were $739 million, and adjusted EPS was $11.56, excluding impairment and other non-recurring charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported third quarter 2022 results: revenue net sales of $2.9 billion, net income net loss of $534 million, EPS loss per share of $8.40.
  - Period: third quarter 2022
  - Revenue: net sales of $2.9 billion
  - Net income: net loss of $534 million
  - EPS: loss per share of $8.40
  - Result: reported results
  source text: During the third quarter of 2022, the Company reported net sales of $2.9 billion, a net loss of $534 million and a loss per share of $8.40.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported third quarter 2023 adjusted results: net income Adjusted net earnings were $174 million, EPS adjusted earnings per share (“EPS”) were $2.72.
  - Period: third quarter 2023 adjusted
  - Net income: Adjusted net earnings were $174 million
  - EPS: adjusted earnings per share (“EPS”) were $2.72
  - Result: reported results
  source text: Adjusted net earnings were $174 million, and adjusted earnings per share (“EPS”) were $2.72, excluding impairment and other non-recurring charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported third quarter 2022 adjusted results: net income Adjusted net earnings were $212 million, EPS adjusted EPS was $3.34.
  - Period: third quarter 2022 adjusted
  - Net income: Adjusted net earnings were $212 million
  - EPS: adjusted EPS was $3.34
  - Result: reported results
  source text: Adjusted net earnings were $212 million, and adjusted EPS was $3.34, excluding impairment and other non-recurring charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported third quarter 2023 results: revenue Net sales for the third quarter of 2023 were $2.8 billion, net income net loss of $760 million, EPS loss per share of $11.94.
  - Period: third quarter 2023
  - Revenue: Net sales for the third quarter of 2023 were $2.8 billion
  - Net income: net loss of $760 million
  - EPS: loss per share of $11.94
  - Result: reported results
  source text: Mohawk Industries, Inc. (NYSE: MHK) today announced a third quarter 2023 net loss of $760 million and a loss per share of $11.94 with the impact of non-cash impairment charges of $876 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm
- Earnings Releases
  MOHAWK INDUSTRIES INC reported nine-month period ending September 30, 2023 adjusted results: net income Adjusted net earnings were $462 million, EPS adjusted EPS was $7.23.
  - Period: nine-month period ending September 30, 2023 adjusted
  - Net income: Adjusted net earnings were $462 million
  - EPS: adjusted EPS was $7.23
  - Result: reported results
  source text: Adjusted net earnings were $462 million, and adjusted EPS was $7.23, excluding impairment and other non-recurring charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851968/000085196823000094/0000851968-23-000094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.