Mohawk Industries, Inc. is a leading global flooring manufacturer, operating in 19 countries and selling products in approximately 170 countries, making it the world's largest flooring company based on annual sales . The company operates through three main segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW) . Mohawk Industries emphasizes innovation, sustainability, and a diverse product offering to maintain its competitive edge in the flooring industry .
- Global Ceramic - Designs, manufactures, and markets a broad line of ceramic, porcelain, and natural stone tile products, as well as porcelain slabs and quartz countertops, primarily distributed in North America, Europe, and Latin America.
- Flooring North America (Flooring NA) - Offers a wide range of floor covering products, including broadloom carpet, carpet tile, rugs, laminate, luxury vinyl tile (LVT), sheet vinyl, and wood flooring, distributed mainly in North America.
- Flooring Rest of the World (Flooring ROW) - Focuses on laminate, vinyl products, wood flooring, and other related products, primarily distributed in Europe and Australasia.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jeffrey S. Lorberbaum ExecutiveBoard | Chairman and Chief Executive Officer | N/A | Jeffrey S. Lorberbaum is the Chairman and CEO of Mohawk Industries, continuing in this role as of October 25, 2024. | View Report → |
W. Christopher Wellborn ExecutiveBoard | Vice Chair of the Board of Directors | N/A | W. Christopher Wellborn retired as President and COO but continues as Vice Chair and senior advisor. | |
James F. Brunk Executive | Chief Financial Officer | N/A | James F. Brunk has been the CFO since April 1, 2021, overseeing financial operations and compliance. | |
Ken Walma Executive | President of the Flooring North America Segment | N/A | Ken Walma joined Mohawk Industries on November 11, 2024, and became President of Flooring North America on February 1, 2025. | |
Malisa M. Maynard Executive | Chief Sustainability Officer | N/A | Malisa M. Maynard leads ESG strategy as Chief Sustainability Officer since May 25, 2023. | |
Mauro Vandini Executive | President of the Global Ceramic Segment | N/A | Mauro Vandini became President of the Global Ceramic Segment on September 15, 2024, with a background in ceramic manufacturing. | |
Paul F. De Cock Executive | President and Chief Operating Officer | N/A | Paul F. De Cock became President and COO on February 1, 2025, after leading Flooring North America. | |
R. David Patton Executive | Vice President – Business Strategy, General Counsel, and Secretary | N/A | R. David Patton has been in his current role since July 2013, overseeing business strategy and legal matters. | View Report → |
William W. Harkins Executive | Chief Accounting Officer and Corporate Controller | N/A | William W. Harkins has been CAO and Corporate Controller since August 1, 2022, with a background at Mars and Coca-Cola. | |
Wim Messiaen Executive | President – Flooring Rest of the World | N/A | Wim Messiaen became President of Flooring Rest of the World on February 1, 2024, with extensive leadership experience. | |
Bruce C. Bruckmann Board | Director | Managing Director of Bruckmann, Rosser, Sherrill & Co., Inc.; Director of H&E Equipment Services L.L.C.; Director of Heritage-Crystal Clean Inc.; Director of Eos Fitness | Bruce C. Bruckmann has been a director since October 1992, with significant experience in corporate finance. | |
Jerry W. Burris Board | Director | President and CEO of Midwest Can Company; Director of nVent Electric plc | Jerry W. Burris has been a director since February 2022, with a background in executive leadership. | |
John M. Engquist Board | Director | Executive Chairman of H&E Equipment Services, Inc.; Director at LSU Foundation Board; Board member at Franciscan Missionaries of Our Lady Health System, Inc.; Our Lady of the Lake Regional Medical Center; St. Jude Children’s Research Hospital | John M. Engquist has been a director since February 2020, with extensive leadership roles in equipment services. | |
Joseph A. Onorato Board | Director | Member of the Dean’s Advisory Council at Quinnipiac University School of Business | Joseph A. Onorato has been a director since February 2008, with a strong background in finance and accounting. | |
Karen A. Smith Bogart Board | Director | President of Smith Bogart Consulting; Director at Michelman Inc. | Karen A. Smith Bogart has been a director since May 2011, with extensive executive experience in consumer products and governance. | |
William H. Runge III Board | Director | Managing Director at Alvarez & Marsal | William H. Runge III has been a director since July 2014, with experience in executive roles across various industries. |
-
Given that your net sales decreased by approximately 2% compared to last year and you continue to face pricing and mix pressures, what specific strategies are you implementing to sustain margins and drive growth in this challenging environment?
-
With the commercial segment anticipated to slow down and knowing it constitutes roughly 25% of your business with generally higher margins, how do you plan to mitigate the potential negative impact on overall profitability in 2025?
-
In the Flooring Rest of World segment, sales volumes didn't pick up as expected after the holidays, and market conditions remain challenging. What are the underlying factors for this underperformance, and what actions are you taking to address them?
-
Considering the European market is facing political uncertainties and higher interest rates, which may impact the timing of recovery, how are you adjusting your operations and expectations in Europe relative to other geographies?
-
Residential remodeling, which comprises almost half of your business, remains under significant pressure with existing home sales at multi-decade lows. What gives you confidence in forecasting a recovery in 2025, and what indicators are you monitoring to support this outlook?
Research analysts who have asked questions during MOHAWK INDUSTRIES earnings calls.
John Lovallo
UBS Group AG
5 questions for MHK
Keith Hughes
Truist Financial Corporation
5 questions for MHK
Susan Maklari
Goldman Sachs Group Inc.
5 questions for MHK
Timothy Wojs
Robert W. Baird & Co.
5 questions for MHK
Trevor Allinson
Wolfe Research, LLC
5 questions for MHK
Michael Rehaut
JPMorgan Chase & Co.
4 questions for MHK
Philip Ng
Jefferies
4 questions for MHK
Stephen Kim
Evercore ISI
4 questions for MHK
Adam Baumgarten
Zelman & Associates
3 questions for MHK
Eric Bosshard
Cleveland Research Company
3 questions for MHK
Laura Champine
Loop Capital Markets LLC
3 questions for MHK
Rafe Jadrosich
Bank of America
3 questions for MHK
Collin Verron
Deutsche Bank
2 questions for MHK
Matthew Bouley
Barclays PLC
2 questions for MHK
Michael Dahl
RBC Capital Markets
2 questions for MHK
Richard Reid
Wells Fargo & Company
2 questions for MHK
Sam Reid
Wells Fargo
2 questions for MHK
Aatish Shah
Evercore ISI
1 question for MHK
Andrew Azzi
JPMorgan Chase & Co.
1 question for MHK
Brian Biros
Stephens Inc.
1 question for MHK
Chris Dendrinos
RBC Capital Markets
1 question for MHK
Kathryn Thompson
Thompson Research Group
1 question for MHK
Matthew Bouley
Barclays
1 question for MHK
Mike Dahl
RBC Capital Markets
1 question for MHK
Phil Ng
Jefferies
1 question for MHK
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Ceramic Tile Business in Brazil | 2023 | Completed in Q1 2023, this acquisition was part of a dual transaction (with Mexico) in Mohawk’s Global Ceramic segment. The combined deal, valued at approximately $515.5–$519.3 million, involved a significant allocation to working capital, property/plant/equipment, and goodwill of $84.4–$86.8 million, set to deliver strategic synergies and operational efficiencies in Brazil’s ceramic tile market. |
Ceramic Tile Business in Mexico | 2023 | Completed in Q1 2023, this acquisition formed the second part of the ceramic tile business transactions, sharing a combined purchase price of roughly $515.5 million and a goodwill allocation of about $85.9 million. It strategically enhances Mohawk’s ceramic performance, leveraging best practices, operational expertise, and cost reduction measures in a more favorable economic setting. |
Foss Floors | 2022 | Completed on July 6, 2022, Mohawk acquired Foss Floors for approximately $146.4 million in cash. The deal brought in a Georgia-based manufacturer specializing in non-woven, needle-punch technology and diversified product offerings (rugs, carpet, DIY tiles, artificial turf), with $56.2 million in goodwill and $15 million in intangibles, bolstering Mohawk's Flooring North America segment. |
Vitromex | 2022 | Announced on June 3, 2022 and valued at $293 million in cash, the deal for Vitromex, a leading ceramic tile manufacturer in Mexico, is set to make Mohawk the #2 ceramic producer in a $1.7 billion market. The acquisition includes four manufacturing facilities and approximately $200 million in prior year sales, aligning with Mohawk’s strategy to expand product offerings and operational efficiencies in the Mexican ceramic market, with final closing expected around early 2023 upon government approvals. |
Recent press releases and 8-K filings for MHK.
- Net sales were $2.758 billion, up 1.4% year-over-year, while adjusted EBITDA declined to $359 million from $392 million in Q3 2024.
- Adjusted diluted EPS fell to $2.67 from $2.90 a year ago.
- Generated approximately $310 million of free cash flow and repurchased about 315,000 shares for $40 million in the quarter.
- Performance weighed by pricing headwinds, temporary plant shutdowns and higher input costs, partly offset by productivity gains and success of new premium collections.
- Issued Q4 2025 EPS guidance of $1.90–$2.00 amid continued soft market conditions and housing turnover constraints.
- Net sales of $2.8 billion, flat year-over-year on a constant currency basis, and adjusted EPS of $2.67 in Q3 2025.
- Identified $110 million of cost savings this year and generated $310 million of free cash flow in the quarter; additional restructuring actions expected to deliver $60–70 million of savings in 2026.
- Repurchased 315,000 shares for approximately $40 million in Q3 (YTD buybacks of $108 million).
- Updated full-year CapEx target to $480 million and depreciation & amortization to $640 million; gross debt at $1.9 billion with leverage of 1.1x.
- Ongoing demand weakening in residential remodeling and new construction due to consumer uncertainty, partially offset by strength in premium product mix and commercial channels.
- Net sales of $2.8 billion, flat year-over-year, with adjusted EPS of $2.67 and $310 million in free cash flow; repurchased 315,000 shares (~$40 million) in Q3 and $108 million year-to-date.
- Q4 EPS guidance of $1.90–$2.00, excluding one-time charges and reflecting one additional shipping day; markets remain soft in residential remodeling but commercial end-markets hold up.
- Targeting $110 million of annualized savings (including $32 million of new actions) to offset higher input costs; facing an annual ~$110 million tariff headwind (≈20% on imports) with price increases and supply-chain optimizations underway.
- Q3 net sales were $2.8 billion, up 1.4% as reported and flat on a constant-currency basis.
- Q3 adjusted EPS was $2.67 (reported EPS $1.75); adjusted operating margin was 7.5%.
- Generated $310 million of free cash flow in Q3 and repurchased 315,000 shares for $40 million (YTD buybacks $108 million).
- Announced additional restructuring actions delivering $32 million of annualized savings, bringing total 2025 cost savings to $110 million.
- Q4 EPS guidance of $1.90–$2.00, reflecting one extra shipping day and excluding one-time charges.
- Reported net sales of $2.8 billion, unchanged year-over-year; net earnings of $147 million (EPS $2.34) and adjusted net earnings of $173 million (adjusted EPS $2.77).
- Segment net sales: Global Ceramic up 0.5% (7.9% margin), Flooring North America down 1.2% (5.5% margin) and Flooring Rest of World up 1.0% (9.0% margin).
- Generated approximately $125 million free cash flow and repurchased 393,000 shares for $42 million, with a new $500 million share buyback authorization.
- Reaffirmed Q3 adjusted EPS guidance of $2.56 to $2.66, excluding restructuring and other extraordinary charges.
- Ongoing cost-control and operational improvement initiatives expected to yield $100 million of restructuring savings in 2025, with emphasis on local manufacturing and tariff mitigation.
- Sales were approximately $2.5 billion in Q1 2025 with a 5.7% decline, while achieving an adjusted EPS of $1.52, reflecting cost productivity gains and restructuring activities.
- The company is addressing tariff challenges—including a projected annual impact of around $50 million—through strategic price increases and supply chain adjustments.
- Management expects ongoing restructuring efforts to yield about $100 million in savings for the year, helping to mitigate pricing pressures and inflationary impacts.