# EDGAR Filing Document

**Accession Number:** 0000851968
**File Stem:** 0000851968-25-000131
**Filing Date:** 2025-10
**Character Count:** 37788
**Document Hash:** edddcf47e9fa07885000163e7f436f92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000851968-25-000131.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0000851968-25-000131

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251023

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MOHAWK INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000851968
- **STANDARD INDUSTRIAL CLASSIFICATION:** CARPETS AND RUGS [2273]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 521604305
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13697
- **FILM NUMBER:** 251413366

**BUSINESS ADDRESS:**
- **STREET 1:** 160 S INDUSTRIAL BLVD
- **STREET 2:** PO BOX 12069
- **CITY:** CALHOUN
- **STATE:** GA
- **ZIP:** 30701
- **BUSINESS PHONE:** 706-624-2032

**MAIL ADDRESS:**
- **STREET 1:** 160 S INDUSTRIAL BLVD
- **STREET 2:** P O BOX 12069
- **CITY:** CALHOUN
- **STATE:** GA
- **ZIP:** 30703

?xml version='1.0' encoding='ASCII'? mhk-20251023

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): October 23, 2025**![MohawkIND Logo - FINAL (002).jpg](mhk-20251023_g1.jpg)

**MOHAWK INDUSTRIES, INC.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **01-13697** | **52-1604305** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission File Number)** | **(I.R.S. Employer<br>Identification No.)** |
| **160 S. Industrial Blvd., Calhoun, Georgia** | | **30701** |
| **(Address of principal executive offices)** | | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (706) 629-7721**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communication pursuant to Rule 425 under Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (CFR 240.17R 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol** | **Name of Each Exchange on Which Registered** |
| **Common Stock, $.01 par value** | **MHK** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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<u>Item 2.02 Results of Operations and Financial Condition.</u>

The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On October 23, 2025, Mohawk Industries, Inc. (the "Company") issued a press release to report the Company's earnings for the fiscal quarter ended September 27, 2025, which is attached to this report as Exhibit 99.1.

<u>Item 9.01 Financial Statements and Exhibits.</u>

(d) Exhibits

<u>[99.1 Press release dated October 23, 2025.](a2025q3pressreleaseandtabl.htm)</u>

104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the iXBRL document)

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | Mohawk Industries, Inc. |
| Date: | October 23, 2025 | By: | /s/ David L. Repp |
|  |  |  | DAVID L. REPP |
|  |  |  | Chief Accounting Officer and Corporate Controller |

---

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<u>INDEX TO EXHIBITS</u>

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| | |
|:---|:---|
| <u>Exhibit</u> | |
| 99.1 | <u>[Press release dated October 23, 2025.](a2025q3pressreleaseandtabl.htm)</u> |
| 104 | Cover Page Interactive Data File (cover page XBRL tags are embedded within the iXBRL document) |

---

## Exhibit 99.1

**NEWS RELEASE**

**For Release:&nbsp;&nbsp;&nbsp;&nbsp;Immediately&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

**Contact:&nbsp;&nbsp;&nbsp;&nbsp;James Brunk, Chief Financial Officer - (706) 624-2239&nbsp;&nbsp;&nbsp;&nbsp;**

**MOHAWK INDUSTRIES REPORTS Q3 2025 RESULTS**

**Calhoun, Georgia, October 23, 2025** — Mohawk Industries, Inc. (NYSE: MHK) today announced third quarter 2025 net earnings of $109 million and earnings per share ("EPS") of $1.75; adjusted net earnings were $167 million, and adjusted EPS was $2.67. Net sales for the third quarter of 2025 were $2.8 billion, up 1.4% as reported and essentially flat on an adjusted basis versus the prior year. During the third quarter of 2024, the Company reported net sales of $2.7 billion, net earnings of $162 million and earnings per share of $2.55; adjusted net earnings were $184 million, and adjusted EPS was $2.90.

For the nine months ended September 27, 2025, net earnings and EPS were $328 million and $5.24, respectively; adjusted net earnings were $435 million, and adjusted EPS was $6.96. Net sales for the first nine months of 2025 were $8.1 billion, a decrease of 1.4% as reported and 0.6% on an adjusted basis versus the prior year. For the nine months ended September 28, 2024, the Company reported net sales of $8.2 billion, net earnings and EPS were $425 million and $6.66, respectively; adjusted net earnings were $494 million and adjusted EPS was $7.75.

Commenting on the Company's third quarter, Chairman and CEO Jeff Lorberbaum stated, "Our net sales in the quarter were in line with our expectations, slightly ahead of prior year as reported. Though economic conditions across our regions weakened more than anticipated compared to the prior quarter, we believe we outperformed our markets. Our sales and product mix continued to benefit from the success of our premium residential and commercial offering and collections introduced during the past two years. Our results reflected benefits from ongoing productivity and restructuring initiatives as well as the impact of favorable currency exchange and lower interest expense, offset by higher input costs and temporary plant shutdowns. Across our markets, material and energy expenses are now improving from peak levels, though higher costs from earlier in the year will continue to impact our fourth quarter earnings.

With our markets remaining challenged, we are executing targeted actions across the organization to drive performance, such as operational enhancements, administrative process improvements and technology advancements. We are lowering our cost structure without impacting our long-term growth potential when the market recovers. We have identified additional restructuring opportunities to rationalize less efficient assets and

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streamline logistics operations and administrative functions across our segments. These new actions will result in annualized savings of approximately $32 million at a net cash cost of approximately $20 million after asset sales. Combined with our previously announced restructuring actions, we anticipate delivering $110 million in savings this year.

During the quarter, we continued to focus on our working capital management and generated approximately $310 million in free cash flow. We repurchased 315,000 shares in the quarter for approximately $40 million as part of our current stock buyback authorization. Year to date, we have purchased $108 million of our outstanding shares.

Our industry is currently at various stages of passing through the impact of higher tariffs on imported products and should compensate for the increased product cost over time. As previously stated, we continue to address the situation by optimizing our supply chain and implementing price adjustments on affected product categories. Ocean freight costs have been declining and are partially offsetting the tariff impact for U.S. importers. Based on recent changes, engineered wood and laminate imports will now be subject to reciprocal tariffs like other flooring categories, which should benefit domestically produced products. Because the evolving tariff situation will require some time to reach equilibrium, we will continue to adjust our strategies with changing rates and market conditions.

Net sales in the Global Ceramic Segment increased by 4.4% as reported, or 1.8% adjusted for constant days and exchange rates versus the prior year. The Segment's operating margin was 6.5% as reported, or 8.1% on an adjusted basis due to higher input costs, partially offset by productivity gains.

Net sales in the Flooring Rest of the World Segment increased by 4.3% as reported, or increased by 0.9% adjusted for constant days and exchange rates versus the prior year. The Segment's operating margin was 6.1% as reported, or 8.3% on an adjusted basis due to competitive industry pricing.

Net sales in the Flooring North America Segment decreased by 3.8% versus the prior year as reported. The Segment's operating margin was 5.8% as reported, or 7.2% on an adjusted basis due to higher input costs and competitive industry pricing, partially offset by productivity gains.

All of our markets face a shortage of available housing as supply has failed to keep pace with household formation. To meet growing demand, new home construction and remodeling must expand, which will also lower housing inflation pressures. Most central banks have shifted from prioritizing inflation reduction to stimulating economic growth. Declining interest rates in the U.S. and around the world should gradually encourage increased home sales and remodeling. While we believe these actions will benefit the housing market

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over time, we remain focused on optimizing the controllable aspects of our business, including our sales strategies, product innovation and operational productivity. Our previously announced restructuring initiatives continue to benefit our results by streamlining our operations and reducing our cost structure. We are leveraging the scope of our product portfolio, distribution advantages and industry-leading brands to expand our relationships with current and new customers. Our product mix continues to benefit from our premium collections and commercial sales, which is mitigating some of the pricing pressures in our markets. We are managing the impact of tariffs on our U.S. imported product offering through pricing actions and supply chain optimization, and we are reinforcing the value of our domestic manufacturing. Based on current trends in our regions, we believe that market volume should remain soft through the end of the year. Given these factors, we expect our fourth quarter adjusted EPS will be between $1.90 and $2.00 with one additional shipping day and excluding any restructuring or other one-time charges.

For more than three years, the flooring industry has been impacted both by consumers postponing large, discretionary purchases and low home sales, which have reduced new construction and remodeling activity. Housing turnover has a significant effect on our industry, with U.S. consumers spending an estimated five times as much on remodeling their flooring in the first year after buying a home than non-movers. Declining interest rates, increased disposable income and higher home equity should support greater home sales and remodeling in our markets. The housing stock in our regions is aging and requires significant renovation to preserve property values. During this cycle, we have enhanced our operations, cost position and product offering to capitalize on the future market recovery. While the inflection point remains unpredictable, market fundamentals, significant pent-up demand and Mohawk's unique business strengths support long-term profitable growth."

\# \# \#

**ABOUT MOHAWK INDUSTRIES**

Mohawk Industries is a leading global flooring manufacturer, providing products that enhance residential and commercial spaces in approximately 180 countries. During the past two decades, we have expanded the Company's operational footprint with manufacturing facilities in North America, Europe, South America, Oceania and Asia. Our vertically integrated manufacturing and distribution processes provide competitive advantages in the production of ceramic tile, carpet, laminate, wood, stone, and vinyl flooring. Our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.

Certain of the statements in the immediately preceding paragraphs, particularly anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words "could," "should," "believes," "anticipates," "expects," and "estimates," or similar expressions constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For those statements, Mohawk claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Management believes that these forward-looking statements are reasonable as and when made; however, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak

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only as of the date when made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. Important factors that could cause future results to differ from historical experience and our present expectations or projections include, but are not limited to, the following: changes in economic or industry conditions; the impact of tariffs; competition; inflation and deflation in freight, raw material prices and other input costs; inflation and deflation in consumer markets; currency fluctuations; energy costs and supply; timing and level of capital expenditures; timing and implementation of price increases for the Company's products; impairment charges; identification and consummation of acquisitions on favorable terms, if at all; integration of acquisitions; international operations; introduction of new products; rationalization of operations; taxes and tax reform; product and other claims; litigation; geopolitical conflict; regulatory and political changes in the jurisdictions in which the Company does business; and other risks identified in Mohawk's U.S. Securities and Exchange Commission reports and public announcements.

**Conference call Friday, October 24, 2025, at 11:00 AM Eastern Time**

To participate in the conference call via the Internet, please visit **https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-3rd-quarter-2025-earnings-call**. To participate in the conference call via telephone, register in advance at **https://dpregister.com/sreg/10203204/fff9ab9d5c** to receive a unique personal identification number. You may also dial 1-833-630-1962 (U.S./Canada) or 1-412-317-1843 (international) on the day of the call for operator assistance. For those unable to listen at the designated time, the call will remain available for replay through November 21, 2025, by dialing 1-877-344-7529 (U.S./Canada) or 1-412-317-0088 (international) and entering Conference ID #9747441. The call will be archived and available for replay for one year under the "Investors" tab of mohawkind.com.

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| | | | | |
|:---|:---|:---|:---|:---|
| **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** | **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** | **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** | **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** | **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** |
| **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** | **CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| *(In millions, except per share data)* | **September 27, 2025** | September 28, 2024 | **September 27, 2025** | September 28, 2024 |
| **Net sales** | $**2757.9** | 2719.0 | **8085.7** | 8199.7 |
| Cost of sales | **2103.0** | 2026.4 | **6133.2** | 6133.8 |
| **Gross profit** | **654.9** | 692.6 | **1952.5** | 2065.9 |
| Selling, general and administrative expenses | **518.2** | 480.3 | **1531.0** | 1493.0 |
| **Operating income** | **136.7** | 212.3 | **421.5** | 572.9 |
| Interest expense | **5.0** | 11.2 | **16.6** | 38.6 |
| Other (income) and expense, net | **(0.4)** | (0.7) | **2.2** | (0.2) |
| **Earnings before income taxes** | **132.1** | 201.8 | **402.7** | 534.5 |
| Income tax expense | **23.3** | 39.8 | **74.8** | 109.9 |
| **Net earnings including noncontrolling interests** | **108.8** | 162.0 | **327.9** | 424.6 |
| Net earnings attributable to noncontrolling interests | **—** |  | **—** | 0.1 |
| **Net earnings attributable to Mohawk Industries, Inc.** | $**108.8** | 162.0 | **327.9** | 424.5 |
| **Basic earnings per share attributable to Mohawk Industries, Inc.** | $**1.75** | 2.57 | **5.26** | 6.69 |
| **Weighted-average common shares outstanding - basic** | **62.0** | 63.1 | **62.3** | 63.5 |
| **Diluted earnings per share attributable to Mohawk Industries, Inc.** | $**1.75** | 2.55 | **5.24** | 6.66 |
| **Weighted-average common shares outstanding - diluted** | **62.3** | 63.4 | **62.6** | 63.8 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Information** | | | | |
|  | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| *(In millions)* | **September 27, 2025** | September 28, 2024 | **September 27, 2025** | September 28, 2024 |
| Net cash provided by operating activities | $**386.6** | 319.6 | **596.6** | 736.9 |
| Less: Capital expenditures | **76.3** | 115.4 | **245.6** | 293.6 |
| **Free cash flow** | $**310.3** | 204.2 | **351.0** | 443.3 |
| **Depreciation and amortization** | $**170.3** | 156.2 | **476.3** | 481.9 |

---

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| | | |
|:---|:---|:---|
| **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** | **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** | **MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES** |
| **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** |
| (Unaudited) | (Unaudited) | (Unaudited) |
| *(In millions)* | **September 27, 2025** | September 28, 2024 |
| **ASSETS** |  |  |
| **Current assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $**516.2** | 424.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables, net | **2249.6** | 2043.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | **2692.9** | 2612.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | **548.9** | 541.9 |
| **Total current assets** | **6007.6** | 5621.4 |
| Property, plant and equipment, net | **4678.8** | 4750.5 |
| Right of use operating lease assets | **401.1** | 392.4 |
| Goodwill | **1198.7** | 1168.6 |
| Intangible assets, net | **834.2** | 850.7 |
| Deferred income taxes and other non-current assets | **500.1** | 529.6 |
| **Total assets** | $**13620.5** | 13313.2 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| **Current liabilities:** |  |  |
| &nbsp;&nbsp;Short-term debt and current portion of long-term debt | $**175.6** | 465.3 |
| &nbsp;&nbsp;Accounts payable and accrued expenses | **2379.6** | 2194.1 |
| &nbsp;&nbsp;Current operating lease liabilities | **119.2** | 111.6 |
| **Total current liabilities** | **2674.4** | 2771.0 |
| Long-term debt, less current portion | **1743.3** | 1716.4 |
| Non-current operating lease liabilities | **300.0** | 298.0 |
| Deferred income taxes and other long-term liabilities | **561.8** | 672.1 |
| **Total liabilities** | **5279.5** | 5457.5 |
| **Total stockholders' equity** | **8341.0** | 7855.7 |
| **Total liabilities and stockholders' equity** | $**13620.5** | 13313.2 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Segment Information** | | | | |
|  | Three Months Ended | Three Months Ended | As of or for the Nine Months Ended | As of or for the Nine Months Ended |
| *(In millions)* | **September 27, 2025** | September 28, 2024 | **September 27, 2025** | September 28, 2024 |
| Net sales: |  |  |  |  |
| Global Ceramic | $**1104.7** | 1058.0 | **3219.3** | 3218.4 |
| Flooring NA | **936.8** | 974.0 | **2746.0** | 2832.7 |
| Flooring ROW | **716.4** | 687.0 | **2120.4** | 2148.6 |
| Consolidated net sales | $**2757.9** | 2719.0 | **8085.7** | 8199.7 |
| Operating income (loss): |  |  |  |  |
| Global Ceramic | $**71.6** | 83.4 | **201.5** | 215.3 |
| Flooring NA | **54.4** | 73.0 | **116.3** | 196.3 |
| Flooring ROW | **43.8** | 67.8 | **168.3** | 204.3 |
| Corporate and intersegment eliminations | **(33.1)** | (11.9) | **(64.6)** | (43.0) |
| Consolidated operating income | $**136.7** | 212.3 | **421.5** | 572.9 |
| Assets: |  |  |  |  |
| Global Ceramic |  |  | $**5136.6** | 4892.7 |
| Flooring NA |  |  | **4002.5** | 3958.9 |
| Flooring ROW |  |  | **4059.8** | 4020.7 |
| Corporate and intersegment eliminations |  |  | **421.6** | 440.9 |
| Consolidated assets |  |  | $**13620.5** | 13313.2 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc.** | **Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc.** | **Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc.** | **Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc.** | **Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc.** |
|  | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| *(In millions, except per share data)* | **September 27, 2025** | September 28, 2024 | **September 27, 2025** | September 28, 2024 |
| Net earnings attributable to Mohawk Industries, Inc. | $**108.8** | 162.0 | **327.9** | 424.5 |
| Adjusting items: |  |  |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **47.2** | 19.5 | **102.9** | 68.8 |
| &nbsp;&nbsp;Software implementation cost write-off | **—** | 7.8 | **(0.4)** | 7.8 |
| &nbsp;&nbsp;Legal settlements, reserves and fees | **21.6** | 0.7 | **27.1** | 10.8 |
| &nbsp;&nbsp;Adjustments of indemnification asset | **(0.3)** | (0.4) | **(0.5)** | 1.8 |
| &nbsp;&nbsp;Income taxes - adjustments of uncertain tax position | **0.3** | 0.4 | **0.5** | (1.8) |
| &nbsp;&nbsp;Income tax effect of foreign tax regulation change | **—** | 2.9 | **—** | 2.9 |
| &nbsp;&nbsp;Income tax effect of adjusting items | **(11.1)** | (8.9) | **(22.1)** | (20.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net earnings attributable to Mohawk Industries, Inc. | $**166.5** | 184.0 | **435.4** | 494.3 |
| Adjusted diluted earnings per share attributable to Mohawk Industries, Inc. | $**2.67** | 2.90 | **6.96** | 7.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Weighted-average common shares outstanding - diluted | **62.3** | 63.4 | **62.6** | 63.8 |

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| | |
|:---|:---|
| **Reconciliation of Total Debt to Net Debt** | |
| *(In millions)* | **September 27, 2025** |
| Short-term debt and current portion of long-term debt | $**175.6** |
| Long-term debt, less current portion | **1743.3** |
| Total debt | **1918.9** |
| Less: Cash and cash equivalents | **516.2** |
| Net debt | $**1402.7** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Net Earnings to Adjusted EBITDA** | **Reconciliation of Net Earnings to Adjusted EBITDA** | **Reconciliation of Net Earnings to Adjusted EBITDA** | | | |
|  |  |  |  |  | Trailing Twelve |
|  | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Months Ended |
| *(In millions)* | December 31,<br>2024 | March 29,<br>2025 | June 28,<br>2025 | **September 27,<br>2025** | **September 27,<br>2025** |
| Net earnings including noncontrolling interests | $93.2 | 72.6 | 146.5 | **108.8** | **421.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 9.8 | 6.4 | 5.2 | **5.0** | **26.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | 18.3 | 17.5 | 34.0 | **23.3** | **93.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (earnings) loss attributable to noncontrolling interests |  |  |  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization<sup>(1)</sup> | 156.4 | 150.4 | 155.6 | **170.3** | **632.7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EBITDA | 277.7 | 246.9 | 341.3 | **307.4** | **1173.3** |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | 20.3 | 20.8 | 25.3 | **30.7** | **97.1** |
| &nbsp;&nbsp;Software implementation cost write-off | 5.1 | (0.4) |  | **—** | **4.7** |
| &nbsp;&nbsp;Impairment of goodwill and indefinite-lived intangibles | 8.2 |  |  | **—** | **8.2** |
| &nbsp;&nbsp;Legal settlements, reserves and fees | (0.9) | 0.6 | 4.9 | **21.6** | **26.2** |
| &nbsp;&nbsp;Adjustments of indemnification asset |  |  | (0.1) | **(0.3)** | **(0.4)** |
| Adjusted EBITDA | $310.4 | 267.9 | 371.4 | **359.4** | **1309.1** |
| Net debt to adjusted EBITDA |  |  |  |  | **1.1** |

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<sup>(1)</sup> Includes accelerated depreciation of $5.3 for Q4 2024, $5.4 for Q1 2025, $4.1 for Q2 2025 and $16.4 for Q3 2025.

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| | | |
|:---|:---|:---|
| **Reconciliation of Net Sales to Adjusted Net Sales** | **Reconciliation of Net Sales to Adjusted Net Sales** | |
|  | Three Months Ended | Nine Months Ended |
| *(In millions)* | **September 27, 2025** | **September 27, 2025** |
| **Mohawk Consolidated** | **Mohawk Consolidated** |  |
| Net sales | $**2757.9** | **8085.7** |
| Adjustment for constant shipping days | **10.8** | **100.7** |
| Adjustment for constant exchange rates | **(61.2)** | **(38.7)** |
| Adjusted net sales | $**2707.5** | **8147.7** |

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| | |
|:---|:---|
| | Three Months Ended |
| | **September 27, 2025** |
| **Global Ceramic** | **Global Ceramic** |
| Net sales | $**1104.7** |
| Adjustment for constant exchange rates | **(27.6)** |
| Adjusted net sales | $**1077.1** |

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| | |
|:---|:---|
| **Flooring ROW** | |
| Net sales | $**716.4** |
| Adjustment for constant shipping days | **10.8** |
| Adjustment for constant exchange rates | **(33.7)** |
| Adjusted net sales | $**693.5** |

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| | | |
|:---|:---|:---|
| **Reconciliation of Gross Profit to Adjusted Gross Profit** | **Reconciliation of Gross Profit to Adjusted Gross Profit** | **Reconciliation of Gross Profit to Adjusted Gross Profit** |
|  | Three Months Ended | Three Months Ended |
| *(In millions)* | **September 27, 2025** | September 28, 2024 |
| Gross Profit | $**654.9** | 692.6 |
| Adjustments to gross profit: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **44.1** | 16.4 |
| &nbsp;&nbsp;Software implementation cost write-off | **—** | 2.3 |
| Adjusted gross profit | $**699.0** | 711.3 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Adjusted gross profit as a percent of net sales | **25.3** | **%** | 26.2 | % |

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| | | |
|:---|:---|:---|
| **Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses** | **Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses** | **Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses** |
|  | Three Months Ended | Three Months Ended |
| *(In millions)* | **September 27, 2025** | September 28, 2024 |
| Selling, general and administrative expenses | $**518.2** | 480.3 |
| Adjustments to selling, general and administrative expenses: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **(3.1)** | (3.1) |
| &nbsp;&nbsp;Software implementation cost write-off | **—** | (5.5) |
| &nbsp;&nbsp;Legal settlements, reserves and fees | **(21.6)** | (0.7) |
| Adjusted selling, general and administrative expenses | $**493.5** | 471.0 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Adjusted selling, general and administrative expenses as a percent of net sales | **17.9** | **%** | 17.3 | % |

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| | | |
|:---|:---|:---|
| **Reconciliation of Operating Income to Adjusted Operating Income** | **Reconciliation of Operating Income to Adjusted Operating Income** | **Reconciliation of Operating Income to Adjusted Operating Income** |
|  | Three Months Ended | Three Months Ended |
| *(In millions)* | **September 27, 2025** | September 28, 2024 |
| **Mohawk Consolidated** |  |  |
| Operating income | $**136.7** | 212.3 |
| Adjustments to operating income: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **47.2** | 19.5 |
| &nbsp;&nbsp;Software implementation cost write-off | **—** | 7.8 |
| &nbsp;&nbsp;Legal settlements, reserves and fees | **21.6** | 0.7 |
| Adjusted operating income | $**205.5** | 240.3 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Adjusted operating income as a percent of net sales | **7.5** | **%** | 8.8 | % |

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| | | |
|:---|:---|:---|
| **Global Ceramic** | | |
| Operating income | $**71.6** | 83.4 |
| Adjustments to segment operating income: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **18.2** | 7.4 |
| Adjusted segment operating income | $**89.8** | 90.8 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Adjusted segment operating income as a percent of net sales | **8.1** | **%** | 8.6 | % |

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| | | |
|:---|:---|:---|
| **Flooring NA** | | |
| Operating income | $**54.4** | 73.0 |
| Adjustments to segment operating income: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **13.5** | 8.1 |
| &nbsp;&nbsp;Software implementation cost write-off | **—** | 7.8 |
| Adjusted segment operating income | $**67.9** | 88.9 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Adjusted segment operating income as a percent of net sales | **7.2** | **%** | 9.1 | % |

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| | | |
|:---|:---|:---|
| **Flooring ROW** | | |
| Operating income | $**43.8** | 67.8 |
| Adjustments to segment operating income: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **15.5** | 4.0 |
| Adjusted segment operating income | $**59.3** | 71.8 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Adjusted segment operating income as a percent of net sales | **8.3** | **%** | 10.5 | % |

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| | | |
|:---|:---|:---|
| **Corporate and intersegment eliminations** | | |
| Operating (loss) | $**(33.1)** | (11.9) |
| Adjustments to segment operating (loss): |  |  |
| &nbsp;&nbsp;Legal settlements, reserves and fees | **21.6** | 0.7 |
| Adjusted segment operating (loss) | $**(11.5)** | (11.2) |

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| | | |
|:---|:---|:---|
| **Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes** | **Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes** | **Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes** |
|  | Three Months Ended | Three Months Ended |
| *(In millions)* | **September 27, 2025** | September 28, 2024 |
| Earnings before income taxes | $**132.1** | 201.8 |
| Net earnings attributable to noncontrolling interests | **—** |  |
| Adjustments to earnings including noncontrolling interests before income taxes: |  |  |
| &nbsp;&nbsp;Restructuring, acquisition and integration-related and other costs | **47.2** | 19.5 |
| &nbsp;&nbsp;Software implementation cost write-off | **—** | 7.8 |
| &nbsp;&nbsp;Legal settlements, reserves and fees | **21.6** | 0.7 |
| &nbsp;&nbsp;Adjustments of indemnification asset | **(0.3)** | (0.4) |
| Adjusted earnings before income taxes | $**200.6** | 229.4 |

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| | | | |
|:---|:---|:---|:---|
| **Reconciliation of Income Tax Expense to Adjusted Income Tax Expense** | **Reconciliation of Income Tax Expense to Adjusted Income Tax Expense** | **Reconciliation of Income Tax Expense to Adjusted Income Tax Expense** | **Reconciliation of Income Tax Expense to Adjusted Income Tax Expense** |
|  | Three Months Ended | Three Months Ended | Three Months Ended |
| *(In millions)* | **September 27, 2025** | **September 27, 2025** | September 28, 2024 |
| Income tax expense | **$** | **23.3** | 39.8 |
| Adjustments to income tax expense: |  |  |  |
| &nbsp;&nbsp;Income taxes - adjustments of uncertain tax position | **(0.3)** | **(0.3)** | (0.4) |
| &nbsp;&nbsp;Income tax effect of foreign tax regulation change |  |  | (2.9) |
| &nbsp;&nbsp;Income tax effect of adjusting items | **11.1** | **11.1** | 8.9 |
| Adjusted income tax expense | **$** | **34.1** | 45.4 |
| Adjusted income tax rate to adjusted earnings before income taxes | **17.0%** | **17.0%** | 19.8% |

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The Company supplements its condensed consolidated financial statements, which are prepared and presented in accordance with US GAAP, with certain non-GAAP financial measures. As required by the Securities and Exchange Commission rules, the tables above present a reconciliation of the Company's non-GAAP financial measures to the most directly comparable US GAAP measure. Each of the non-GAAP measures set forth above should be considered in addition to the comparable US GAAP measure, and may not be comparable to similarly titled measures reported by other companies. The Company believes these non-GAAP measures, when reconciled to the corresponding US GAAP measure, help its investors as follows: Non-GAAP revenue measures that assist in identifying growth trends and in comparisons of

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revenue with prior and future periods and non-GAAP profitability measures that assist in understanding the long-term profitability trends of the Company's business and in comparisons of its profits with prior and future periods.

The Company excludes certain items from its non-GAAP revenue measures because these items can vary dramatically between periods and can obscure underlying business trends. Items excluded from the Company's non-GAAP revenue measures include: foreign currency transactions and translation; more or fewer shipping days in a period and the impact of acquisitions.

The Company excludes certain items from its non-GAAP profitability measures because these items may not be indicative of, or are unrelated to, the Company's core operating performance. Items excluded from the Company's non-GAAP profitability measures include: restructuring, acquisition and integration-related and other costs, legal settlements, reserves and fees, impairment of goodwill and indefinite-lived intangibles, acquisition purchase accounting, including inventory step-up from purchase accounting, adjustments of indemnification asset, adjustments of uncertain tax position and European tax restructuring.

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