Mohawk Industries Q3 2025 Financial Results
Mohawk Industries, a leading global flooring manufacturer, has released its financial results for the third quarter of 2025. The company reported net earnings of $109 million and earnings per share (EPS) of $1.75. Adjusted net earnings were $167 million, with an adjusted EPS of $2.67. Net sales for the quarter were $2.8 billion, reflecting a 1.4% increase compared to the same period last year.
Financial Highlights
For the nine months ending September 27, 2025, Mohawk Industries reported net earnings of $328 million and an EPS of $5.24. Adjusted net earnings for the same period were $435 million, with an adjusted EPS of $6.96. Net sales for the first nine months of 2025 were $8.1 billion, a slight decrease of 1.4% compared to the previous year.
Business and Operational Highlights
Despite challenging economic conditions, Mohawk Industries managed to outperform its markets. The company's sales and product mix benefited from the success of its premium residential and commercial offerings. The Global Ceramic Segment saw a 4.4% increase in net sales, while the Flooring Rest of the World Segment experienced a 4.3% increase. However, the Flooring North America Segment saw a 3.8% decrease in net sales compared to the previous year.
Strategic Initiatives and Corporate Developments
During the quarter, Mohawk Industries generated approximately $310 million in free cash flow and repurchased 315,000 shares for approximately $40 million. The company has identified additional restructuring opportunities that are expected to result in annualized savings of approximately $32 million at a net cash cost of $20 million after asset sales. Combined with previously announced restructuring actions, the company anticipates delivering $110 million in savings this year.
Management's Perspective
Chairman and CEO Jeff Lorberbaum commented, "Our net sales in the quarter were in line with our expectations, slightly ahead of the prior year as reported. Though economic conditions across our regions weakened more than anticipated, we believe we outperformed our markets. Our results reflected benefits from ongoing productivity and restructuring initiatives as well as the impact of favorable currency exchange and lower interest expense, offset by higher input costs and temporary plant shutdowns."
Future Outlook
Looking ahead, Mohawk Industries expects its fourth-quarter adjusted EPS to be between $1.90 and $2.00, excluding any restructuring or other one-time charges. The company remains focused on optimizing its sales strategies, product innovation, and operational productivity to capitalize on future market recovery.
Original SEC Filing: MOHAWK INDUSTRIES INC [ MHK ] - 8-K - Oct. 23, 2025