Mohawk industries reports q3 results

Calhoun, ga., oct. 24, 2024 (globe newswire) -- mohawk industries, inc. (nyse: mhk) today announced third quarter 2024 net earnings of $162 million and earnings per share (“eps”) of $2.55; adjusted net earnings were $184 million, and adjusted eps was $2.90. net sales for the third quarter of 2024 were $2.7 billion, a decrease of 1.7% as reported and 2.1% on an adjusted basis versus the prior year. during the third quarter of 2023, the company reported net sales of $2.8 billion, a net loss of $760 million and a loss per share of $11.94; adjusted net earnings were $174 million, and adjusted eps was $2.72. the company's prior-year earnings were impacted by non-cash impairment charges of $876 million in the third quarter of 2023.
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