Articles from Mohawk Industries, Inc.

CALHOUN, Ga., Jan. 07, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries’ (NYSEMHK) fourth quarter 2024 earnings release on Thursday, February 6, you are invited to listen to the conference call that will be broadcast live on Friday, February 7, at 11:00 am ET.

CALHOUN, Ga., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced the planned retirement of Chris Wellborn, President and Chief Operating Officer and the promotion of Paul De Cock to succeed Mr. Wellborn effective February 1, 2025. The Company also announced that Ken Walma is joining the organization and will succeed Mr. De Cock as President of the Flooring North America Segment on February 1, 2025, after acquiring comprehensive knowledge of the Company’s operations. Following his retirement, Mr. Wellborn will serve as Vice Chair of Mohawk’s Board of Directors and assist with these leadership transitions.

CALHOUN, Ga., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced third quarter 2024 net earnings of $162 million and earnings per share (“EPS”) of $2.55; adjusted net earnings were $184 million, and adjusted EPS was $2.90. Net sales for the third quarter of 2024 were $2.7 billion, a decrease of 1.7% as reported and 2.1% on an adjusted basis versus the prior year. During the third quarter of 2023, the Company reported net sales of $2.8 billion, a net loss of $760 million and a loss per share of $11.94; adjusted net earnings were $174 million, and adjusted EPS was $2.72. The Company’s prior-year earnings were impacted by non-cash impairment charges of $876 million in the third quarter of 2023.

CALHOUN, Ga., Oct. 10, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Third Quarter 2024 earnings release on Thursday, October 24, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, October 25, 2024, at 11:00 am ET.

CALHOUN, Ga., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced the promotion of Mauro Vandini as President of the Company’s Global Ceramic Segment, effective September 15, 2024. Vandini will also maintain his present role as President of Mohawk’s European Ceramic business with the support of his talented team.

CALHOUN, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced second quarter 2024 net earnings of $157 million and earnings per share (“EPS”) of $2.46; adjusted net earnings were $192 million, and adjusted EPS was $3.00. Net sales for the second quarter of 2024 were $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis versus the prior year. During the second quarter of 2023, the Company reported net sales of $3.0 billion, net earnings of $101 million and EPS of $1.58; adjusted net earnings were $176 million, and adjusted EPS was $2.76.

CALHOUN, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today published its 15th annual impact report, Surfaces with Purpose, which documents the Company’s 2023 progress toward its sustainability goals and shares activities from around the globe that reflect Mohawk’s commitment to people and the planet.

CALHOUN, Ga., June 28, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Second Quarter 2024 earnings release on Thursday, July 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, July 26, 2024, at 11:00 am ET.

CALHOUN, Ga., April 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) 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, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis versus the prior year. During the first quarter of 2023, the Company reported net sales of $2.8 billion, net earnings of $80 million and EPS of $1.26; adjusted net earnings were $112 million, and adjusted EPS was $1.75.

CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET.

CALHOUN, Ga., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced fourth quarter 2023 net earnings of $139 million and earnings per share (“EPS”) of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96. Net sales for the fourth quarter of 2023 were $2.6 billion, a decrease of 1.4% as reported and 4.1% on a legacy and constant basis versus the prior year. During the fourth quarter of 2022, the Company reported net sales of $2.7 billion, net earnings of $33 million and EPS of $0.52; adjusted net earnings were $84 million, and adjusted EPS was $1.32.

CALHOUN, Ga., Jan. 08, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Fourth Quarter 2023 earnings release on Thursday, February 8, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, February 9, 2024, at 11:00 am ET.

CALHOUN, Ga., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) 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. The Company’s current market capitalization along with continued challenging macroeconomic conditions and higher discount rates prompted a review of its goodwill and intangible asset balances, which resulted in the impairment charges. Adjusted net earnings were $174 million, and adjusted earnings per share (“EPS”) were $2.72, excluding impairment and other non-recurring charges. Net sales for the third quarter of 2023 were $2.8 billion, a decrease of 5.2% as reported and 8.1% on a legacy and constant currency and days basis versus the prior year. 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. Adjusted net earnings were $212 million, and adjusted EPS was $3.34, excluding impairment and other non-recurring charges.

CALHOUN, Ga., Oct. 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Third Quarter 2023 earnings release on Thursday, October 26, 2023, you are invited to listen to the conference call that will be broadcast live on Friday, October 27, 2023, at 11:00 am ET.

CALHOUN, Ga., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today published its 2022 Environmental, Social and Governance (ESG) Report, Connections That Create Value, which details the Company’s progress toward its sustainability goals and shares stories that showcase the exceptional work accomplished by Mohawk’s thousands of employees around the globe.

CALHOUN, Ga., July 27, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced second quarter 2023 net earnings of $101 million and diluted earnings per share (“EPS”) of $1.58. Adjusted net earnings were $176 million, and adjusted EPS was $2.76, excluding restructuring, acquisition and other charges. Net sales for the second quarter of 2023 were $3.0 billion, a decrease of 6.4% as reported and 9.6% on a legacy and constant currency and days basis versus the prior year. For the second quarter of 2022, net sales were $3.2 billion, net earnings were $280 million and EPS was $4.40. Adjusted net earnings were $281 million, and adjusted EPS was $4.41, excluding restructuring, acquisition and other charges.

CALHOUN, Ga., July 17, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced that Wim Messiaen will join the Company on October 16, 2023, following the completion of his contractual notice, and will succeed Bernard Thiers as president of the Company’s Flooring Rest of the World segment effective February 1, 2024. Mr. Thiers will continue in a senior advisory role after February 1 to ensure a successful transition of the business and its strategies.

CALHOUN, Ga., July 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Second Quarter 2023 earnings release on Thursday July 27, 2023, you are invited to listen to the conference call that will be broadcast live on Friday July 28, 2023, at 11:00 am ET.

Only Flooring Manufacturer to Receive Prestigious Honor for Reducing Emissions

CALHOUN, Ga., April 27, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced first quarter 2023 net earnings of $80 million and diluted earnings per share (EPS) of $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 was $3.78. Adjusted net earnings were $246 million, and adjusted EPS was $3.78, excluding restructuring, acquisition and other charges.

CALHOUN, Ga., April 05, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) First Quarter 2023 earnings release on Thursday April 27, 2023, you are invited to listen to the conference call that will be broadcast live on Friday April 28, 2023, at 11:00 am ET.

CALHOUN, Ga., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced fourth quarter 2022 net earnings of $33 million and diluted earnings per share (EPS) of $0.52. Adjusted net earnings were $84 million and adjusted EPS was $1.32, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2022 were $2.7 billion, a decrease of 4.0% as reported and 1.3% on a constant currency and days basis. For the fourth quarter of 2021, net sales were $2.8 billion, net earnings were $189 million and EPS was $2.80. Adjusted net earnings were $199 million, and adjusted EPS was $2.95, excluding restructuring, acquisition and other charges.

CALHOUN, Ga., Jan. 16, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK), the world’s largest floor covering manufacturer, today announced that it has entered into an agreement with plaintiffs to resolve the previously disclosed securities class action lawsuit. Mohawk and certain of its executive officers were named as defendants in this lawsuit initially filed on January 3, 2020, in the United States District Court for the Northern District of Georgia (the “Securities Class Action”). Mohawk believes that this Securities Class Action is without merit and that it has substantive defenses to the claims of liability and damages; however, Mohawk has concluded that further litigation would be protracted, burdensome and expensive. In exchange for dismissal and a full release of claims against the defendants, the parties reached an agreement to settle the Securities Class Action for $60 million, of which a significant portion is covered by insurance. The settlement of the Securities Class Action is expected to be submitted for preliminary approval by the court. The settlement of this case is subject to the usual and customary final documentation, public notice, and court approval.

CALHOUN, Ga., Jan. 05, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Fourth Quarter 2022 earnings release on Thursday February 9, 2023, you are invited to listen to the conference call that will be broadcast live on Friday February 10, 2023, at 11:00 am ET.

CALHOUN, Ga., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSEMHK) today announced a 2022 third quarter net loss of $534 million and a diluted loss per share of $8.40, including the impact of non-cash impairment charges of $696 million. The Company’s current market capitalization along with challenging economic conditions and higher discount rates prompted a review of its goodwill and intangible asset balances, which resulted in the impairment charges. Adjusted net earnings were $212 million, and adjusted earnings per share (EPS) were $3.34, excluding impairment and other non-recurring charges. Net sales for the third quarter of 2022 were $2.9 billion, an increase of 3.6% as reported and 8.3% on a constant basis. For the third quarter of 2021, net sales were $2.8 billion, net earnings were $271 million and EPS was $3.93. Adjusted net earnings were $272 million, and adjusted EPS was $3.95, excluding restructuring, acquisition, and other charges.

CALHOUN, Ga., Oct. 05, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSEMHK) Third Quarter 2022 earnings release on Thursday October 27, 2022, you are invited to listen to the conference call that will be broadcast live on Friday October 28, 2022 at 11:00 am ET.