Mohawk Industries, Inc. has reported its financial results for the second quarter of 2025, showing a picture of sales stability despite facing a challenging economic environment. The company has reported net income of $147 million and sales were flat at $2.8 billion, similar to the same period last year. However, there is a slight decline in net profits compared with the 157 million in 2024.
Earnings per share stood at $2.34, while adjusted net income reached $173 million, with an adjusted EPS of $2.77. On an adjusted basis, sales have declined by 0.8% relative to the second quarter of 2024.
During the first half of 2025, the company reported net income of $219 million with an EPS of $3.49. Despite experiencing a 2.8% decrease in net sales, Mohawk has implemented effective cost-reduction strategies through process modernization and supply chain optimization.
The president and CEO, Jeff Lorberbaum, emphasized the positive impact of cost containment initiatives and operational improvements, essential in a challenging economic environment with inflationary pressures and consumer confidence in decline. These actions have begun to bear fruit, according to the executive.
In this quarter, Mohawk generated approximately $125 million in free cash flow and decided to repurchase 393,000 shares, for a total of $42 million. This transaction forms part of a program authorized by the board of directors for the repurchase of up to $500 million in common stock.
Lorberbaum also highlighted the company's adaptation in response to new tariffs, taking advantage of its local production capacity as a North American manufacturer to face external challenges. Segment results showed a slight increase in sales for the global ceramic sector, while the coatings divisions posted mixed results, with a decline in the flooring segment in North America.
For the next quarter, the company projects that adjusted EPS will fluctuate between $2.56 and $2.66, considering the possible effects of tariffs and restructuring costs.
In summary, although market conditions are complex, Mohawk Industries is optimistic about its long-term strategy, backed by its solid product portfolio and a renewed focus on operational efficiency.
