Consumer Discretionary
Furnishings, Fixtures & Appliances
$7.43B
43K
Key insights and themes extracted from this filing
Net sales decreased to $2,801.3 million from $2,950.5 million YoY, primarily due to an unfavorable price and product mix impact of approximately $128 million and an unfavorable foreign exchange impact of approximately $25 million.
Operating income increased to $214.0 million from $153.1 million YoY, primarily attributable to lower input costs of approximately $83 million, productivity gains of approximately $49 million, and lower legal settlements, reserves, and fees of approximately $47 million.
Net earnings attributable to Mohawk Industries, Inc. were $157.4 million compared to $101.2 million for the three months ended July 1, 2023. The change was primarily attributable to lower inflation; productivity gains and lower legal settlements, reserves and fees.