Mohawk's Q1 Earnings Beat Estimates, Revenues Lag, Both Down Y/Y

Mohawk Industries, Inc. (MHK) reported mixed results for the first quarter of 2025, with earnings topping the Zacks Consensus Estimate and net sales missing the same. On a year-over-year basis, both top and bottom lines declined.The quarterly results were impacted by two fewer shipping days and foreign exchange headwinds. The company also faced challenges due to the new Flooring North America order system, though service levels have returned to normal. The bottom line benefited from productivity gains, rest ...