Mohawk Industries Inc. $(MHK)$ has announced its financial results for the second quarter of 2025. The company reported a net income of $147 million and earnings per share $(EPS)$ of $2.34. The adjusted net income stood at $173 million, with an adjusted EPS of $2.77. The net sales for the quarter were $2.8 billion, marking a slight decline of 0.8% compared to the previous year when adjusted for constant days and currency rates. In comparison, the second quarter of 2024 saw a net sales figure of $2.8 billion, a net income of $157 million, and an EPS of $2.46. The adjusted net income for that period was $192 million, with an adjusted EPS of $3.00. For the first half of 2025, Mohawk Industries reported a net income of $219 million and an EPS of $3.49. The adjusted net income was $269 million, with an adjusted EPS of $4.29. Net sales for this period totaled $5.3 billion, reflecting a 2.8% decrease from the previous year. On an adjusted basis, sales were down 0.7% compared to the prior year. In the first half of 2024, the company recorded net sales of $5.5 billion, a net income of $262 million, and an EPS of $4.10, with an adjusted net income of $310 million and an adjusted EPS of $4.85. Looking ahead, Mohawk Industries has provided guidance for the third quarter, anticipating an adjusted EPS between $2.56 and $2.66, excluding restructuring or other one-time charges. The company continues to focus on market development, operational improvements, and cost savings amidst ongoing inflation and low consumer confidence, which are impacting industry sales. Mohawk is also implementing productivity initiatives to offset higher costs expected to peak in the third quarter. Additionally, the evolving U.S. trade policy is expected to benefit the company, as a significant portion of its sales are derived from products manufactured in North America.
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