MHK
Mohawk Industries, Inc.110.30
-1.19-1.07%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Optimism amid cost offset details
Q&A highlighted trade show optimism from retail and R&R channels despite Q1 tracking Q4 softness, with management eyeing modest remodeling volume gains in transitional 2026 alongside price/mix improvements. They quantified $60M+ restructuring carryover, $30M new actions, and ongoing productivity to offset inflation akin to 2025's—led by wages, energy, tariffs—via 3-5% hikes now rolling out, some postponed amid competition. Tariffs proved milder than feared, offset by freight drops and supply chain tweaks on ~$100M annualized hit. Hard surfaces accelerate share via tariff-boosted laminates and hybrids. No cap alloc shifts; buybacks continue opportunistically. Customers hope for inflection. Watch remodeling durability.
Key Stats
Market Cap
6.85BP/E (TTM)
16.41Basic EPS (TTM)
6.72Dividend Yield
0%Recent Filings
10-K
FY2025 results
Mohawk posted FY2025 net sales of $10.8B, flat y/y despite lower volume, buoyed by price/mix and FX tailwinds; Q4 accelerated to +2.4% y/y growth while gross margins held at 23.9% amid input cost pressures. Global Ceramic drove gains with $4.3B sales and $267M operating income, up from $250M, on productivity and pricing; Flooring NA slipped to $114M income from $237M on system conversion hits and shutdowns, yet Flooring ROW stayed resilient at $213M. Q4 momentum built sequentially from Q3's +1.4%. Cash flow topped $1B; $440M capex trimmed 30% vs depreciation, $150M buybacks executed. Restructuring to yield $365M annualized savings. Russian operations pose supply risks.
8-K
Q4 sales up, profits mixed
Mohawk Industries reported Q4 2025 net sales of $2.7B, up 2.4% reported but down 3.3% adjusted, with net earnings at $42M versus $90M last year; adjusted EPS hit $2.00. Full-year sales dipped 0.5% to $10.8B amid housing weakness, yet free cash flow reached $621M, funding $150M share repurchases. Flooring NA swung to a loss. Q1 adjusted EPS seen at $1.75-$1.85.
8-K
De Cock named interim Flooring ROW President
Mohawk Industries named Paul De Cock as interim President of its Flooring Rest of World segment on February 5, 2026, succeeding Wim Messiaen who resigned to pursue other interests. De Cock retains his COO role, appointed February 1, 2025, with deep Flooring experience since 2006. No compensation changes. Leadership continuity holds firm.
8-K
CFO transition announced
Mohawk Industries announced CFO James F. Brunk's retirement effective April 1, 2026, with Nicholas P. Manthey succeeding him after a coordinated transition; Brunk stays on as senior advisor at $1.2M salary plus $1M stock grant vesting over two years. Manthey, 44, brings segment CFO experience since 2020 and prior roles at Bridgestone and Intel. Smooth handover planned.
10-Q
Q3 FY2025 results
Mohawk's Q3 sales edged up 1.4% y/y to $2,757.9M on FX tailwinds, yet operating income dropped 36% to $136.7M as restructuring costs hit $46.7M and input costs rose. Gross margin slipped to 23.7% amid plant shutdowns, while productivity gains cushioned some pain across segments—Global Ceramic up 4% to $1,105M, Flooring NA down 4%, Flooring ROW up 4%. YTD, revenue dipped 1.4% to $8,086M with operating income down 26% to $422M; diluted EPS fell to $5.24 from $6.66, matching 62.6M shares. Cash fell to $516M (OCF $597M, capex $246M, FCF $351M derived), total debt $1,919M with $1,432M Senior Facility availability. Restructuring to save $50M annually. PFAS suits loom.
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