Mohawk Industries Q4 Revenue $2.7B Up 2.4%, EPS $2.00 Beats Forecast
Mohawk Industries posted Q4 revenue of $2.7 billion, up 2.4% year-over-year but 0.7% below forecasts, and delivered EPS of $2.00, beating estimates by $0.02. Global Ceramic sales climbed 6.1% to $1.07 billion while North American flooring fell 4.8% to $892.5 million.
1. Q4 Financial Results
Mohawk Industries reported Q4 revenue of $2.7 billion, up 2.4% year-over-year but 0.7% below consensus estimates, and delivered EPS of $2.00, beating forecasts by $0.02. This performance reflects modest top-line growth and slight bottom-line outperformance.
2. Segment Performance
Global Ceramic sales increased 6.1% to $1.07 billion, matching estimates, while Flooring Rest-of-World revenue rose 6.6% to $737.1 million. North American flooring sales declined 4.8% to $892.5 million, and operating income was mixed across segments with Ceramic outperforming expectations.
3. Market Response and Analyst Views
Shares have risen 12.7% over the past month, outperforming the S&P 500, even as analysts maintain a sell rating, signaling potential near-term underperformance against broader markets.