Mohawk Q1 net earnings $105M, adj EPS $1.86; guides Q2 adj EPS $2.68-$2.78

MOHAWK INDUSTRIES INC

2024-Q1 EPS reported $1.64 revenue$2,679,400,000

Net sales $2.7B, down 4.5% YoY; net earnings $105M ($1.64 EPS) vs $80M ($1.26 EPS) prior year.
Adjusted EPS $1.86, up from $1.75 YoY; adjusted net earnings $119M.
Flooring N.A. segment sales down 5.6%; operating margin 5.0% (adjusted 5.3%).
Q2 2024 adjusted EPS guidance $2.68-$2.78, above Q1 actual.
CEO cites restructuring, lower input costs, and productivity gains; industry at bottom of cycle.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOHAWK INDUSTRIES INC reported fiscal quarter ended March 30, 2024 results: revenue $2.7 billion, net income $105 million, EPS $1.64.

Period: fiscal quarter ended March 30, 2024
Revenue: $2.7 billion
Net income: $105 million
EPS: $1.64
Result: reported results

Exact text from the filing

Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion

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Source: SEC EDGAR

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