Mohawk Industries 發(fā)布 2025 年第二季度財報
卡爾霍恩，佐治亞州, July 26, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) 今日宣布，公司 2025 年第二季度凈收益為 1.47 億美元，每股收益 (EPS) 為 2.34 美元；調(diào)整后凈收益為 1.73 億美元，調(diào)整后每股收益為 2.77 美元。 2025 年第二季度凈銷售額為 28 億美元，按報告口徑同比基本持平，按恒定工作日與匯率調(diào)整后同比下降 0.8%。 2024 年第二季度，公司報告凈銷售額 28 億美元、凈收益 1.57 億美元、每股收益 2.46 美元；調(diào)整后凈收益為 1.92 億美元，調(diào)整后每股收益為 3.00 美元。
在截至 2025 年 6 月 28 日的六個月期間，公司凈收益和每股收益分別為 2.19 億美元和 3.49 美元；調(diào)整后凈收益為 2.69 億美元，調(diào)整后每股收益為 4.29 美元。 2025 年前六個月的凈銷售額為 53 億美元，按報告口徑同比下降 2.8%；調(diào)整后同比下降 0.7%。 在截至 2024 年 6 月 29 日的六個月期間，公司報告凈銷售額為 55 億美元，凈收益和每股收益分別為 2.62 億美元和 4.10 美元；調(diào)整后凈收益為 3.10 億美元，調(diào)整后每股收益為 4.85 美元。
對于公司第二季度的業(yè)績，董事長兼首席執(zhí)行官 Jeff Lorberbaum 表示：“盡管在各地區(qū)面臨諸多挑戰(zhàn)，我們?nèi)〉玫臉I(yè)績依然表明，我們持續(xù)推進的運營優(yōu)化、成本控制措施以及市場開拓舉措帶來了積極成效。 我們在過去 24 個月推出的高端住宅和商業(yè)產(chǎn)品以及新品系列，助力公司提升了業(yè)績表現(xiàn)。 我們的重組工作按計劃推進，通過關閉高成本業(yè)務、剝離低效資產(chǎn)、優(yōu)化分銷渠道，并充分運用技術手段降低行政及運營成本，我們已實現(xiàn)預期的成本節(jié)約目標。 我們的全球運營團隊持續(xù)推進各項生產(chǎn)力提升舉措，致力于通過設備升級、節(jié)能降耗、供應鏈優(yōu)化以及產(chǎn)品再設計，有效降低成本。 受市場銷量下滑影響，行業(yè)持續(xù)承受價格壓力，我們正通過優(yōu)化產(chǎn)品結構與渠道布局積極緩解這一狀況。
在第二季度，我們創(chuàng)造了約 1.25 億美元的自由現(xiàn)金流，并斥資約 4,200 萬美元回購了約 393,000 股股票。 公司董事會近期批準了一項新的授權，擬回購價值 5 億美元的公司流通普通股。 我們對自身戰(zhàn)略充滿信心，堅信隨著行業(yè)走出本輪周期性低谷，公司將實現(xiàn)長期的盈利性增長。
鑒于關稅持續(xù)攀升，我們重點突出本地生產(chǎn)系列產(chǎn)品的優(yōu)勢，以及公司作為北美領先制造商的市場地位。 我們已開始通過調(diào)整價格和優(yōu)化供應鏈來應對現(xiàn)行關稅帶來的影響。 本月初，美國政府將各國完成關稅談判的最后期限定為 8 月 1 日，同時宣布了對主要貿(mào)易伙伴實施的具體關稅措施。 我們將持續(xù)關注不斷變化的關稅水平，并會根據(jù)形勢發(fā)展及時調(diào)整策略。
全球陶瓷業(yè)務部門凈銷售額按報告口徑同比增長 0.5%，按恒定工作日和匯率調(diào)整后同比增長 1.1%。 受益于價格與產(chǎn)品組合的積極凈影響以及生產(chǎn)效率提升，該部門營業(yè)利潤率按報告口徑為 7.9%（調(diào)整后為 8.1%），部分被投入成本上升所抵消。
全球其他地區(qū)地板業(yè)務部門凈銷售額按報告口徑同比增長 1.0%，按恒定工作日和匯率調(diào)整后同比下降 3.0%。 在生產(chǎn)效率提升的推動下，該部門的營業(yè)利潤率按報告口徑為 9.0%（調(diào)整后為 10.4%），部分被激烈的行業(yè)競爭價格所抵消。
北美地板業(yè)務部門凈銷售額按報告口徑同比下降 1.2%。 受投入成本上升以及工廠臨時停產(chǎn)的不利影響，該部門營業(yè)利潤率按報告口徑為 5.5%（調(diào)整后為 7.3%），部分被生產(chǎn)效率提升所抵消。
在專注于市場拓展、運營優(yōu)化和成本控制的同時，我們正持續(xù)推進各項措施，力求在當前市場環(huán)境中優(yōu)化業(yè)績表現(xiàn)。 持續(xù)的通脹壓力與低迷的消費者信心正在制約行業(yè)銷售，拐點何時出現(xiàn)仍難以預測。 為提升銷售業(yè)績，我們正充分發(fā)揮產(chǎn)品組合的優(yōu)勢，結合卓越的服務與品牌價值，積極拓展與新老客戶的業(yè)務。 盡管市場面臨的價格壓力仍在攀升，我們正通過高端系列產(chǎn)品、商業(yè)銷售及新品發(fā)布，持續(xù)優(yōu)化產(chǎn)品結構。 投入成本壓力將持續(xù)存在，隨著更高成本逐步傳導至庫存，影響將在第三季度達到頂峰。 為緩解成本上行壓力，我們團隊將繼續(xù)全面落實各項運營提效舉措。 我們的重組舉措今年將帶來約 1 億美元的收益，同時為未來運營奠定更堅實的基礎。 美國貿(mào)易政策不斷變化，Mohawk 有望從中受益，因為在美國，我們約 85% 的銷售額都來自北美制造商品。 我們將通過強化供應鏈管理、優(yōu)化成本結構及調(diào)整價格來應對關稅帶來的影響。 由于新關稅尚未最終確定，我們目前未將其潛在影響計入業(yè)績預期。 鑒于上述因素，我們預計，扣除重組及其他一次性費用后，第三季度調(diào)整后每股收益將在 2.56 美元至 2.66 美元之間。
根據(jù)歷史經(jīng)驗，行業(yè)在經(jīng)歷低迷周期后，通常會因積壓需求釋放而迎來數(shù)年銷售增長。 過去三年間，我們進行了有針對性的投資，著力提升運營績效、優(yōu)化成本結構，并強化產(chǎn)品功能。 通過這些舉措，我們已做好戰(zhàn)略部署，具備應對當前挑戰(zhàn)的能力，并在行業(yè)復蘇之際抓住更多機遇?！?/p>
關于 MOHAWK INDUSTRIES
Mohawk Industries 是全球領先的地板制造商，為全球約 180 個國家/地區(qū)的住宅和商業(yè)空間提供優(yōu)質(zhì)產(chǎn)品。 在過去二十年里，我們擴大了公司的業(yè)務范圍，在北美、歐洲、南美、大洋洲和亞洲都建立了生產(chǎn)設施。 我們的垂直一體化生產(chǎn)和分銷流程為瓷磚、地毯、復合地板、木地板、石材地板和乙烯基地板的生產(chǎn)提供了競爭優(yōu)勢。 我們行業(yè)領先的創(chuàng)新帶來的產(chǎn)品和技術，使我們的品牌在市場上脫穎而出，并滿足所有改建和新建工程的要求。 我們的品牌在業(yè)內(nèi)享有盛譽，包括 American Olean、Daltile、Durkan、Eliane、Elizabeth、Feltex、Godfrey Hirst、Karastan、Marazzi、Mohawk、Mohawk Group、Pergo、Quick-Step、Unilin 和 Vitromex。
前幾段中的某些陳述，特別是對未來業(yè)績、業(yè)務前景、增長和經(jīng)營戰(zhàn)略及類似事項的預期，以及包含"可能"、"應該"、"相信"、"預計"、"期望"和"估計"等詞語或類似表述的陳述，構成《1933 年證券法》及其修訂版第 27A 節(jié)及《1934 年證券交易法》及其修訂版第 21E 節(jié)所定義的“前瞻性陳述”。 對于這些陳述，Mohawk 聲明受《1995 年私人證券訴訟改革法案》(Private Securities Litigation Reform Act of 1995)所載的前瞻性陳述安全港的保護。 管理層認為，這些前瞻性陳述在作出時是合理的，但僅反映作出時的情況，因此應當謹慎對待，避免過度依賴任何此類前瞻性陳述。 除非適用法律要求，無論是由于新信息、未來事件或其他原因，公司均不承擔公開更新或修改任何前瞻性陳述的義務。 由于前瞻性陳述基于許多假設，涉及風險和不確定性，因此無法保證其準確性。 可能導致未來業(yè)績與歷史表現(xiàn)或當前預期產(chǎn)生差異的重要因素包括但不限于：經(jīng)濟或行業(yè)狀況變化；關稅政策的影響；競爭；運輸、原材料價格和其他投入成本的通脹和通縮；消費市場的通脹和通縮；匯率波動；能源成本和供應狀況；資本支出的時機和水平；公司產(chǎn)品提價的時機和實施情況；資產(chǎn)減值損失；在有利條件下 (如有) 確定并完成收購；收購整合；國際業(yè)務運營；新產(chǎn)品的推出；運營合理化；稅收和稅務改革、產(chǎn)品和其他權利要求；訴訟；地緣政治沖突；公司開展業(yè)務的司法管轄區(qū)的監(jiān)管和政治變化；以及 Mohawk 提交給美國證券交易委員會的報告和公告中提及的其他風險因素。
電話會議：美國東部時間 2025 年 7 月 25 日（星期五）上午 11:00
如欲通過互聯(lián)網(wǎng)參加電話會議，請訪問 https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-2nd-quarter-2025-earnings-call。 如欲通過電話參加電話會議，請?zhí)崆霸?nbsp;https://dpregister.com/sreg/10200728/ff6a160a78 注冊，以獲取唯一的個人識別碼。 您也可以于會議當天撥打 1-833-630-1962（美國/加拿大）或 1-412-317-1843（國際），尋求話務員協(xié)助。 未能在指定時間收聽的人士，可于 2025 年 8 月 22 日前撥打 1-877-344-7529（美國/加拿大）或 1-412-317-0088（國際），并輸入會議號碼 #7404010 收聽電話會議重播。 電話會議將存檔，并上傳至 mohawkind.com 網(wǎng)站“投資者”標簽頁以供重播，有效期一年。
| MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES | |||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||
| (Unaudited) | |||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||
| (In millions, except per share data) | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | |||||||||
| Net sales | $ | 2,802.1 | 2,801.3 | 5,327.9 | 5,480.7 | ||||||||
| Cost of sales | 2,087.7 | 2,077.5 | 4,030.2 | 4,107.4 | |||||||||
| Gross profit | 714.4 | 723.8 | 1,297.7 | 1,373.3 | |||||||||
| Selling, general and administrative expenses | 525.7 | 509.8 | 1,012.9 | 1,012.7 | |||||||||
| Operating income | 188.7 | 214.0 | 284.8 | 360.6 | |||||||||
| Interest expense | 5.2 | 12.6 | 11.6 | 27.5 | |||||||||
| Other (income) and expense, net | 3.0 | 1.6 | 2.7 | 0.5 | |||||||||
| Earnings before income taxes | 180.5 | 199.8 | 270.5 | 332.6 | |||||||||
| Income tax expense | 34.0 | 42.3 | 51.5 | 70.1 | |||||||||
| Net earnings including noncontrolling interests | 146.5 | 157.5 | 219.0 | 262.5 | |||||||||
| Net earnings attributable to noncontrolling interests | — | 0.1 | — | 0.1 | |||||||||
| Net earnings attributable to Mohawk Industries, Inc. | $ | 146.5 | 157.4 | 219.0 | 262.4 | ||||||||
| Basic earnings per share attributable to Mohawk Industries, Inc. | $ | 2.35 | 2.47 | 3.50 | 4.12 | ||||||||
| Weighted-average common shares outstanding - basic | 62.3 | 63.6 | 62.5 | 63.7 | |||||||||
| Diluted earnings per share attributable to Mohawk Industries, Inc. | $ | 2.34 | 2.46 | 3.49 | 4.10 | ||||||||
| Weighted-average common shares outstanding - diluted | 62.6 | 63.9 | 62.7 | 64.0 | |||||||||
| Other Financial Information | |||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||
| (In millions) | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | |||||||||
| Net cash provided by operating activities | $ | 206.3 | 233.6 | 210.0 | 417.3 | ||||||||
| Less: Capital expenditures | 80.2 | 91.4 | 169.3 | 178.2 | |||||||||
| Free cash flow | $ | 126.1 | 142.2 | 40.7 | 239.1 | ||||||||
| Depreciation and amortization | $ | 155.6 | 171.5 | 306.0 | 325.7 | ||||||||
| MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES | ||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
| (Unaudited) | ||||||
| (In millions) | June 28, 2025 | June 29, 2024 | ||||
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | $ | 546.7 | 497.4 | |||
| Receivables, net | 2,254.8 | 2,018.5 | ||||
| Inventories | 2,709.9 | 2,579.9 | ||||
| Prepaid expenses and other current assets | 553.5 | 545.5 | ||||
| Total current assets | 6,064.9 | 5,641.3 | ||||
| Property, plant and equipment, net | 4,778.0 | 4,759.2 | ||||
| Right of use operating lease assets | 409.9 | 396.2 | ||||
| Goodwill | 1,201.1 | 1,136.7 | ||||
| Intangible assets, net | 843.5 | 841.4 | ||||
| Deferred income taxes and other non-current assets | 481.4 | 504.8 | ||||
| Total assets | $ | 13,778.8 | 13,279.6 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
| Current liabilities: | ||||||
| Short-term debt and current portion of long-term debt | $ | 458.8 | 718.0 | |||
| Accounts payable and accrued expenses | 2,278.2 | 2,109.8 | ||||
| Current operating lease liabilities | 116.2 | 109.9 | ||||
| Total current liabilities | 2,853.2 | 2,937.7 | ||||
| Long-term debt, less current portion | 1,742.2 | 1,691.5 | ||||
| Non-current operating lease liabilities | 311.9 | 301.6 | ||||
| Deferred income taxes and other long-term liabilities | 573.9 | 696.3 | ||||
| Total liabilities | 5,481.2 | 5,627.1 | ||||
| Total stockholders' equity | 8,297.6 | 7,652.5 | ||||
| Total liabilities and stockholders' equity | $ | 13,778.8 | 13,279.6 | |||
| Segment Information | ||||||||||||||
| Three Months Ended | As of or for the Six Months Ended | |||||||||||||
| (In millions) | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | ||||||||||
| Net sales: | ||||||||||||||
| Global Ceramic | $ | 1,120.9 | 1,115.6 | $ | 2,114.7 | 2,160.4 | ||||||||
| Flooring NA | 946.8 | 958.5 | 1,809.2 | 1,858.7 | ||||||||||
| Flooring ROW | 734.4 | 727.2 | 1,404.0 | 1,461.6 | ||||||||||
| Consolidated net sales | $ | 2,802.1 | 2,801.3 | $ | 5,327.9 | 5,480.7 | ||||||||
| Operating income (loss): | ||||||||||||||
| Global Ceramic | $ | 88.2 | 83.1 | $ | 130.0 | 131.9 | ||||||||
| Flooring NA | 52.5 | 78.3 | 61.8 | 123.3 | ||||||||||
| Flooring ROW | 65.8 | 65.6 | 124.5 | 136.5 | ||||||||||
| Corporate and intersegment eliminations | (17.8) | (13.0) | (31.5) | (31.1) | ||||||||||
| Consolidated operating income | $ | 188.7 | 214.0 | $ | 284.8 | 360.6 | ||||||||
| Assets: | ||||||||||||||
| Global Ceramic | $ | 5,158.4 | 4,931.5 | |||||||||||
| Flooring NA | 4,034.5 | 3,940.2 | ||||||||||||
| Flooring ROW | 4,078.7 | 3,899.2 | ||||||||||||
| Corporate and intersegment eliminations | 507.2 | 508.7 | ||||||||||||
| Consolidated assets | $ | 13,778.8 | 13,279.6 | |||||||||||
| Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. | |||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||
| (In millions, except per share data) | June 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024 | |||||||||
| Net earnings attributable to Mohawk Industries, Inc. | $ | 146.5 | 157.4 | 219.0 | 262.4 | ||||||||
| Adjusting items: | |||||||||||||
| Restructuring, acquisition and integration-related and other costs | 29.4 | 41.4 | 55.7 | 49.3 | |||||||||
| Software implementation cost write-off | — | — | (0.4) | — | |||||||||
| Legal settlements, reserves and fees | 4.9 | 1.3 | 5.5 | 10.1 | |||||||||
| Adjustments of indemnification asset | (0.1) | (0.2) | (0.1) | 2.2 | |||||||||
| Income taxes - adjustments of uncertain tax position | 0.1 | 0.2 | 0.1 | (2.2) | |||||||||
| Income tax effect of adjusting items | (7.5) | (8.6) | (11.0) | (11.5) | |||||||||
| Adjusted net earnings attributable to Mohawk Industries, Inc. | $ | 173.3 | 191.5 | 268.8 | 310.3 | ||||||||
| Adjusted diluted earnings per share attributable to Mohawk Industries, Inc. | $ | 2.77 | 3.00 | 4.29 | 4.85 | ||||||||
| Weighted-average common shares outstanding - diluted | 62.6 | 63.9 | 62.7 | 64.0 | |||||||||
| Reconciliation of Total Debt to Net Debt | |||
| (In millions) | June 28, 2025 | ||
| Short-term debt and current portion of long-term debt | $ | 458.8 | |
| Long-term debt, less current portion | 1,742.2 | ||
| Total debt | 2,201.0 | ||
| Less: Cash and cash equivalents | 546.7 | ||
| Net debt | $ | 1,654.3 | |
| Reconciliation of Net Earnings to Adjusted EBITDA | |||||||||||||||
| Trailing Twelve | |||||||||||||||
| Three Months Ended | Months Ended | ||||||||||||||
| (In millions) | September 28, 2024 | December 31, 2024 | March 29, 2025 | June 28, 2025 | June 28, 2025 | ||||||||||
| Net earnings including noncontrolling interests | $ | 162.0 | 93.2 | 72.6 | 146.5 | 474.3 | |||||||||
| Interest expense | 11.2 | 9.8 | 6.4 | 5.2 | 32.6 | ||||||||||
| Income tax expense | 39.8 | 18.3 | 17.5 | 34.0 | 109.6 | ||||||||||
| Net (earnings) loss attributable to noncontrolling interests | — | — | — | — | — | ||||||||||
| Depreciation and amortization(1) | 156.2 | 156.4 | 150.4 | 155.6 | 618.6 | ||||||||||
| EBITDA | 369.2 | 277.7 | 246.9 | 341.3 | 1,235.1 | ||||||||||
| Restructuring, acquisition and integration-related and other costs | 15.1 | 20.3 | 20.8 | 25.3 | 81.5 | ||||||||||
| Software implementation cost write-off | 7.8 | 5.1 | (0.4) | — | 12.5 | ||||||||||
| Impairment of goodwill and indefinite-lived intangibles | — | 8.2 | — | — | 8.2 | ||||||||||
| Legal settlements, reserves and fees | 0.7 | (0.9) | 0.6 | 4.9 | 5.3 | ||||||||||
| Adjustments of indemnification asset | (0.4) | — | — | (0.1) | (0.5) | ||||||||||
| Adjusted EBITDA | $ | 392.4 | 310.4 | 267.9 | 371.4 | 1,342.1 | |||||||||
| Net debt to adjusted EBITDA | 1.2 | ||||||||||||||
(1)Includes accelerated depreciation of $4.4 for Q3 2024, $5.3 for Q4 2024, $5.4 for Q1 2025 and $4.1 for Q2 2025.
| Reconciliation of Net Sales to Adjusted Net Sales | |||||||
| Three Months Ended | Six Months Ended | ||||||
| (In millions) | June 28, 2025 | June 28, 2025 | |||||
| Mohawk Consolidated | |||||||
| Net sales | $ | 2,802.1 | 5,327.9 | ||||
| Adjustment for constant shipping days | 12.0 | 89.9 | |||||
| Adjustment for constant exchange rates | (34.4) | 22.5 | |||||
| Adjusted net sales | $ | 2,779.7 | 5,440.3 | ||||
| Three Months Ended | ||||
| June 28, 2025 | ||||
| Global Ceramic | ||||
| Net sales | $ | 1,120.9 | ||
| Adjustment for constant shipping days | 12.0 | |||
| Adjustment for constant exchange rates | (5.0) | |||
| Adjusted net sales | $ | 1,127.9 | ||
| Flooring ROW | ||||
| Net sales | $ | 734.4 | ||
| Adjustment for constant exchange rates | (29.4) | |||
| Adjusted net sales | $ | 705.0 | ||
| Reconciliation of Gross Profit to Adjusted Gross Profit | |||||||
| Three Months Ended | |||||||
| (In millions) | June 28, 2025 | June 29, 2024 | |||||
| Gross Profit | $ | 714.4 | 723.8 | ||||
| Adjustments to gross profit: | |||||||
| Restructuring, acquisition and integration-related and other costs | 26.2 | 35.2 | |||||
| Adjusted gross profit | $ | 740.6 | 759.0 | ||||
| Adjusted gross profit as a percent of net sales | 26.4% | 27.1% | |||||
| Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses | |||||||
| Three Months Ended | |||||||
| (In millions) | June 28, 2025 | June 29, 2024 | |||||
| Selling, general and administrative expenses | $ | 525.7 | 509.8 | ||||
| Adjustments to selling, general and administrative expenses: | |||||||
| Restructuring, acquisition and integration-related and other costs | (3.2) | (6.2) | |||||
| Legal settlements, reserves and fees | (4.9) | (1.3) | |||||
| Adjusted selling, general and administrative expenses | $ | 517.6 | 502.3 | ||||
| Adjusted selling, general and administrative expenses as a percent of net sales | 18.5% | 17.9% | |||||
| Reconciliation of Operating Income to Adjusted Operating Income | |||||||
| Three Months Ended | |||||||
| (In millions) | June 28, 2025 | June 29, 2024 | |||||
| Mohawk Consolidated | |||||||
| Operating income | $ | 188.7 | 214.0 | ||||
| Adjustments to operating income: | |||||||
| Restructuring, acquisition and integration-related and other costs | 29.4 | 41.4 | |||||
| Legal settlements, reserves and fees | 4.9 | 1.3 | |||||
| Adjusted operating income | $ | 223.0 | 256.7 | ||||
| Adjusted operating income as a percent of net sales | 8.0% | 9.2% | |||||
| Global Ceramic | |||||||
| Operating income | $ | 88.2 | 83.1 | ||||
| Adjustments to segment operating income: | |||||||
| Restructuring, acquisition and integration-related and other costs | 2.1 | 11.7 | |||||
| Adjusted segment operating income | $ | 90.3 | 94.8 | ||||
| Adjusted segment operating income as a percent of net sales | 8.1% | 8.5% | |||||
| Flooring NA | |||||||
| Operating income | $ | 52.5 | 78.3 | ||||
| Adjustments to segment operating income: | |||||||
| Restructuring, acquisition and integration-related and other costs | 16.7 | — | |||||
| Legal settlements, reserves and fees | — | 3.7 | |||||
| Adjusted segment operating income | $ | 69.2 | 82.0 | ||||
| Adjusted segment operating income as a percent of net sales | 7.3% | 8.6% | |||||
| Flooring ROW | |||||||
| Operating income | $ | 65.8 | 65.6 | ||||
| Adjustments to segment operating income: | |||||||
| Restructuring, acquisition and integration-related and other costs | 10.6 | 25.8 | |||||
| Adjusted segment operating income | $ | 76.4 | 91.4 | ||||
| Adjusted segment operating income as a percent of net sales | 10.4% | 12.6% | |||||
| Corporate and intersegment eliminations | |||||||
| Operating (loss) | $ | (17.8) | (13.0) | ||||
| Adjustments to segment operating (loss): | |||||||
| Restructuring, acquisition and integration-related and other costs | — | 0.2 | |||||
| Legal settlements, reserves and fees | 4.9 | 1.3 | |||||
| Adjusted segment operating (loss) | $ | (12.9) | (11.5) | ||||
| Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes | |||||||
| Three Months Ended | |||||||
| (In millions) | June 28, 2025 | June 29, 2024 | |||||
| Earnings before income taxes | $ | 180.5 | 199.8 | ||||
| Net earnings attributable to noncontrolling interests | — | (0.1) | |||||
| Adjustments to earnings including noncontrolling interests before income taxes: | |||||||
| Restructuring, acquisition and integration-related and other costs | 29.4 | 41.4 | |||||
| Legal settlements, reserves and fees | 4.9 | 1.3 | |||||
| Adjustments of indemnification asset | (0.1) | (0.2) | |||||
| Adjusted earnings before income taxes | $ | 214.7 | 242.2 | ||||
| Reconciliation of Income Tax Expense to Adjusted Income Tax Expense | |||||||
| Three Months Ended | |||||||
| (In millions) | June 28, 2025 | June 29, 2024 | |||||
| Income tax expense | $ | 34.0 | 42.3 | ||||
| Adjustments to income tax expense: | |||||||
| Income taxes - adjustments of uncertain tax position | (0.1) | (0.2) | |||||
| Income tax effect of adjusting items | 7.5 | 8.6 | |||||
| Adjusted income tax expense | $ | 41.4 | 50.7 | ||||
| Adjusted income tax rate to adjusted earnings before income taxes | 19.3% | 20.9% | |||||
公司根據(jù)美國公認會計原則 (以下簡稱“美國 GAAP”) 編制和呈列其簡明綜合財務報表，并采用若干非公認會計原則 (以下簡稱“非 GAAP”) 的財務指標作為補充。 根據(jù)證券交易委員會規(guī)定，上述表格呈列了公司非 GAAP 財務指標與最直接可比的美國 GAAP 財務指標之間的調(diào)節(jié)。 上述每個非 GAAP 指標均應視為可比的美國 GAAP 指標的補充，并且可能與其他公司報告的同類指標不可比。 公司認為，將非 GAAP 指標與相應的美國 GAAP 指標進行核對，有助于投資者：非 GAAP 營收指標有助于確定增長趨勢，并將收入與以前和未來期間進行比較；非 GAAP 盈利能力指標有助于了解公司業(yè)務的長期盈利趨勢，并將利潤與以前和未來期間進行比較。
公司從其非 GAAP 營收指標中剔除了某些項目，因為這些項目在不同期間會有很大差異，而且會掩蓋潛在的業(yè)務趨勢。 公司非 GAAP 營收指標中剔除的項目包括：外幣交易和折算；某一期間發(fā)貨天數(shù)的增加或減少以及收購的影響。
公司從其非 GAAP 盈利能力指標中剔除了某些項目，因為這些項目可能不代表公司的核心經(jīng)營業(yè)績，或與其無關。 未包括在公司非 GAAP 盈利能力指標中的項目有：重組、收購和整合相關成本及其他成本、法律和解、準備金和費用、商譽和無確定使用年期的無形資產(chǎn)減值、收購類購入記賬，包括購入記賬的庫存遞增、補償資產(chǎn)調(diào)整、不確定稅務狀況調(diào)整和歐洲稅務重組。
聯(lián)系人：James Brunk，首席財務官 - (706) 624-2239
