Mohawk Industries reported fourth-quarter 2024 earnings that exceeded expectations, despite ongoing challenges in the housing market and soft residential demand.
The company reported net earnings of $93 million, or $1.48 per share, for the fourth quarter ended December 31, 2024. Adjusted earnings were $123 million, or $1.95 per share. Net sales for the quarter reached $2.6 billion, representing a 1.0% increase as reported, though declining 1.0% on an adjusted basis compared to the previous year.