Mohawk Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2022
October 27, 2022 at 04:10 pm EDT
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Mohawk Industries, Inc. reported earnings results for the third quarter and nine months ended October 01, 2022. For the third quarter, the company reported sales was USD 2,917.54 million compared to USD 2,817.02 million a year ago. Net loss was USD 533.97 million compared to net income of USD 270.98 million a year ago. Basic loss per share from continuing operations was USD 8.4 compared to basic earnings per share from continuing operations of USD 3.95 a year ago. Diluted loss per share from continuing operations was USD 8.4 compared to diluted earnings per share from continuing operations of USD 3.93 a year ago.
For the nine months, sales was USD 9,086.39 million compared to USD 8,439.88 million a year ago. Net loss was USD 8.21 million compared to net income of USD 844.07 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to basic earnings per share from continuing operations of USD 12.16 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to diluted earnings per share from continuing operations of USD 12.11 a year ago.
Mohawk Industries, Inc. specializes in manufacturing and marketing ground coating products. The group's products are sold under the Mohawk, Aladdin, American Olean, Bigelow, Century Flooring, Columbia Flooring, Dal-Tile, Durkan, Horizon, Karastan, Lees, Merit, PureBond, Quick-Step, Uniclic, Unilin brands, etc. Net sales break down by family of products as follows:
- carpets and rugs (38.3%);
- tile products (35.2%): ceramic, porcelain, marble and natural stone tiles;
- floors (16.5%): solid wood flooring, laminate flooring and vinyl flooring;
- other (10%).
At the end of 2021, the group had 69 production sites worldwide.
Net sales break down geographically as follows: the United States (55.2%), Europe (27.8%), Russia (4%) and other (13%).
MOHAWK INDUSTRIES, INC. 
