Q4 2024 Sales, Adjusted EPS, Free Cash Flow

This is a U.S. news story, published by Yahoo Finance (Canada), that relates primarily to Mohawk Industries Inc news.

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Business & Economics

Mohawk Industries Inc (MHK) Q4 2024 Earnings Call Highlights: Resilience Amid Market Challenges

Summary

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86% Informative

Mohawk Industries Inc (NYSE:MHK) exceeded expectations in the fourth quarter due to sales actions, restructuring initiatives, and productivity improvements.

Residential demand remains soft, with existing U.S. home sales falling to a 30-year low.

Higher input costs and unfavorable price mix negatively impacted operating income margins.

Flooring North America experienced issues with a new order management system, impacting first-quarter operating income by $25 million to $30 million .

A: We aim to reach a 10% margin, but current conditions are challenging.

We import around $300 million from Mexico and export approximately $200 million to Canada .

Tariffs could negatively impact imports but may benefit U.S. manufacturing.

M&A activity is currently quiet, but we will continue share buybacks as part of our strategy.

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formal

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English

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