Mohawk Industries Inc. reported fourth-quarter 2024 net sales of $2.63 billion, a 1.0% increase from 2023’s fourth-quarter net sales of $2.61 billion.
Net earnings for the fourth quarter of 2024 reached $93.2 million, a 33.2% decrease from net earnings of $139.5 million in the fourth quarter of 2023.
For the year ended Dec. 31, 2024, net earnings were $517.8 million, a 16.38% increase from Dec. 31, 2023, which had net earnings of $439.4 million. Net sales for 2024 were $10.8 billion, a 2.72% decrease from 2023 net sales of $11.1 billion.
“Our fourth quarter results exceeded our expectations as sales actions, restructuring initiatives and productivity improvements benefited our performance,” CEO Jeff Lorberbaum said in a statement. “Additionally, the negative sales impact from U.S. hurricanes was limited to approximately $10 million. While residential demand remained soft in our markets, our product introductions last year and our marketing initiatives contributed to our sales performance around the globe.”
The full report for the fourth quarter of 2024 can be viewed here.
