Mohawk Q2 Sales Flat, Earnings Down 6.4%

Calhoun, GA, July 25, 2025-Mohawk announced net sales for Q2 2025 were $2.8 billion, essentially flat. Net sales for the first six months of 2025 were $5.3 billion, a decrease of 2.8% compared to the first half of 2024’s $5.5 billion.

Q2 2025 net earnings for the company were $147 million, a 6.4% decline compared to earnings of $157 million in Q2 2024. For the first half of 2025, net earnings were $219 million, a 16% decline compared to net earnings of $262 million in first half of 2024.

Net sales for the Flooring North America (NA) division were $946.8 million for Q2 2025, a decline of 1.2% compared to $958.5 million in Q2 2024. For the first half of 2025, Flooring NA sales were $1.8 billion, a 5.3% decline from the prior year’s $1.9 billion.

Net sales for the global ceramic segment in Q2 2025 were $1.1 billion, virtually flat with the prior year. And for the first half, global ceramic sales were $2.1 billion, a 4.5% decline compared to $2.2 billion in the first half of 2024.

The Flooring Rest of World (ROW) division posted sales of $734 million for Q2 2025, a 1% increase compared to Q2 2024’s $727 million. For the first half 2025, Flooring ROW sales were $1.4 billion compared to $1.5 billion in the first half 2024, a 6.7% decline.

Commenting on the Company’s second quarter, Chairman and CEO Jeff Lorberbaum stated, “In challenging conditions across our regions, our results reflect the impact of our ongoing operational improvements, cost containment actions and market development initiatives. Our premium residential and commercial products and new collections introduced during the past 24 months benefited our performance. Our restructuring actions are on schedule and delivering the expected savings as we have closed high-cost operations, eliminated inefficient assets, streamlined distribution and leveraged technology to improve our administrative and operational costs. Our global operations teams continue to identify productivity initiatives to lower our costs through enhancements to equipment, conserving energy, optimizing our supply chain and re-engineering products. Our industry faced continued pricing pressure from lower market volumes, which we are mitigating through strengthening product and channel mix.

“During the second quarter, we generated approximately $125 million of free cash flow, and we purchased approximately 393,000 shares of our stock for approximately $42 million. Our Board of Directors recently approved a new authorization to acquire $500 million of the Company’s outstanding common stock. We are confident in our strategies to deliver long-term profitable growth as the industry recovers from this cyclical downturn.

“Given the increasing tariffs, we are emphasizing the benefits of our locally produced collections and leading position as a North American manufacturer. We have begun to address the implemented tariffs through price adjustments and supply chain optimization. Earlier this month, the U.S. government set a new deadline of August 1 for countries to complete tariff negotiations while also announcing specific tariffs on key trading partners. We are continuing to monitor the changing tariff levels and will adjust our strategies as they evolve.”