Mohawk(MHK) - 2024 Q1 - Quarterly Results
Mohawk(MHK)2024-04-26 04:14
NEWS RELEASE During the first quarter, our Flooring Rest of the World Segment's net sales decreased by 7.4% as reported, or 5.9% on a constant basis, versus the prior year. The Segment's operating margin was 9.7% as reported, or 10.1% on an adjusted basis, as a result of the unfavorable impact of price and product mix, partially offset by lower input costs, less restructuring, higher sales volume and productivity gains. Our markets remained soft despite declining inflation. In the quarter, our volumes incre ...