Mohawk beats fourth-quarter estimates on steady demand for flooring
06/02/2025 22:11
Feb 6 (Reuters) - Home flooring manufacturer Mohawk
Industries MHK.N topped analysts' estimates for fourth-quarter
revenue and profit on Thursday, helped by resilient demand for
remodeling and new commercial projects.
Mohawk's commercial business continues to outperform its
residential business, with strength in hospitality, government,
and education channels.
The rate cuts by the U.S. Federal Reserve are also expected
to ease borrowing costs, which in turn can aid demand for home
remodeling and residential construction.
The company's overall revenue came in at $2.64 billion for
the quarter ended December 31, compared with analysts' average
estimate of $2.54 billion, according to data compiled by LSEG.
On an adjusted basis, Mohawk earned $1.95 per share,
compared with the estimates of $1.85 per share.
(Reporting by Rupali Chaudhary and Nathan Gomes in Bengaluru;
Editing by Shilpi Majumdar)
((Rupali.Chaudhary@thomsonreuters.com))