Mohawk Industries, Inc.: How Are They Dealing With Innovation and Differentiation Pressures!

In the second quarter of 2024, Mohawk Industries reported a decline in net sales by 5.1% year-overyear, totaling $2.8 billion. Despite the decrease in revenue, the company’s adjusted earnings per share rose by 9% to $3, primarily due to effective cost-containment, productivity initiatives, and restructuring actions. These gains were partly offset by pricing pressures, competitive market dynamics, the impact of foreign exchange headwinds, and volatile market conditions globally. The free cash flow generated during the quarter was approximately $142 million, contributing to a year-to-date total of $239 million.