莫霍克工业 2025年季度报告

For the quarterly period endedJune 28, 2025 Forward Looking Statements Condensed Consolidated Statements of Operations for the three and six months ended June 28, 2025 and June29, 2024 Management’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market RiskControls and ProceduresOTHER INFORMATIONLegal ProceedingsItem1A.Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibits2 Certain of the statements in this Form 10-Q, particularly those anticipating future performance, business prospects, growthand operating strategies, and similar matters, and those that include the words “could,” “should,” “believes,” “anticipates,” “expects”and “estimates” or similar expressions constitute “forward-looking statements” within the meaning of Section 27A of the SecuritiesAct of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For those statements, MohawkIndustries, Inc. (the “Company”) claims the protection of the safe harbor for forward-looking statements contained in the PrivateSecurities Litigation Reform Act of 1995. Management believes that these forward-looking statements are reasonable as and whenmade; however, caution should be taken not to place undue reliance on any such forward-looking statements because such statementsspeak only as of the date when made. The Company undertakes no obligation to publicly update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurancethat the forward-looking statements will be accurate because they are based on many assumptions, which involve risks anduncertainties. Important factors that could cause future results to differ from historical experience and our present expectations orprojections include, but are not limited to, the following: changes in economic or industry conditions; the impact of tariffs; Net earnings including noncontrolling interests Restructuring, excluding accelerated depreciation45.2Depreciation and amortization306.0 (Gain) and loss on disposal of property, plant and equipmentStock-based compensation expense Changes in operating assets and liabilities, net of effects of acquisitions:Receivables, net(316.5)Inventories(68.8)Accounts payable and accrued expenses81.0 Additions to property, plant and equipmentNet cash used in investing activities Cash flows from financing activities:Payments on Senior Credit Facility(234.8)Proceeds from Senior Credit Facility260.7Payments on commercial paper(6,274.3)Proceeds from commercial paper6,129.8Payments on Term Loan Facility—Net payments of other financing activities(17.9)Purchase of Mohawk common stock(68.1) See accompanying notes to the Condensed Consolidated Financial Statements. 7 Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Mohawk,” or “theCompany” as used in this Form 10-Q refer to Mohawk Industries, Inc.Interim Reporting normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read inconjunction with the Consolidated Financial Statements and notes thereto, and the Company’s description of critical accounting Results for interim periods are not necessarily indicative of the results for the year. Recent Accounting Pronouncements—Recently Adopted In November 2023, FASB issued Accounting Standards Update (“ASU”) 2023-07,Segment Reporting (Topic 280):Improvements to Reportable Segment Disclosures, which expands segment disclosures for public entities, including requiringdisclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title andposition of the CODM and an explanation of how the CODM uses reported measures of segment profit or loss in assessing segment how a public entity identifies its operating segments, aggregates those operating segments, or determines its reportable segments. The permitted, and requires retrospective application to all prior periods presented in the financial statements. The Company adopted thenew standard and the effect of adopting the new standard was not material. entities subject to income taxes. The standard requires disaggregated information about a reporting entity’s effective tax ratereconciliation as well as information on income taxes paid. The standard also updates the quarterly disclosure requirements for supplemental cash flows information to require disclosure of income taxes paid, net of refunds received. The standard is intended tobenefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. Forpublic business entities, this standard will be effective for annual periods beginning after December 15, 202