Slide 1: Ways We Win
Q4 2025 Ways We Win mohawkind.com NYSE: MHK
Slide 2: Forward-looking Statements & Non-GAAP Numbers
Forward-looking Statements & Non-GAAP Numbers Certain of the statements in this presentation, particularly those anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “ex
Slide 3: Select a Section
Select a Section Mohawk At-A-Glance Investment Thesis Perspective Quarterly Appendix Mohawk Investment Quarterly Appendix At-A-Glance Thesis Perspective 2
Slide 4: Mohawk Industries At-A-Glance
Mohawk Industries At-A-Glance 3
Slide 5: World's Largest Flooring Company
World’s Largest Flooring Company Unmatched Scale & Scope $10.8B ~40,500 19 ~180 2025 Net Sales Employees1 Countries where Countries where Mohawk Manufactures1 Mohawk Sells1 Leading Brands 3 Reporting Segments on Four Continents 2025 Net Sales Distribution 26% Flooring Rest 40% of the World Global Ce
Slide 6: Comprehensive Product Portfolio
Comprehensive Product Portfolio Ceramic Tile & Carpet & Countertops Rugs Resilient Laminate & Flooring Wood Flooring Panels Insulation MOHAWK INDUSTRIES 5
Slide 7: Mohawk Industries Investment Thesis
Mohawk Industries Investment Thesis 6
Slide 8: Ways We Win
Ways We Win Business strengths position Mohawk to manage current market conditions and capture pent–up demand when housing markets and consumer confidence rebound. Geographic Product Reach Innovation Long-Term Operational Strong Financial Building Trends Excellence Position MOHAWK INDUSTRIES 7
Slide 9: Long-Term Trends
Ways We Win Long-Term Trends Mohawk is well positioned to capitalize on favorable fundamentals: • Declining mortgage rates should encourage increased housing turnover o More U.S. mortgages now above 6% than below 3% • Household formation outpacing home construction in most markets • Remodeling prese
Slide 10: Long-Term Industry Trends
Ways We Win Long-Term Industry Trends An industry track record of emerging stronger from downturns Total U.S. Flooring Sales: 2004 to 2024 (in billions) $40 $35 $30 $25 $20 15.3% CAGR $15 Post Recession Recovery 2010 – 2014 $10 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20
Slide 11: Geographic Reach
Ways We Win Geographic Reach Multiple opportunities for market development and penetration • Business model combines operational and R&D advantages of global scale with superior local service and market insight • Leadership across multiple flooring categories in key regional markets Expand sales wit
Slide 12: Geographic Reach
Ways We Win Geographic Reach Leading market positions in North America, Europe, South America and Oceania through differentiated products aligned with local preferences Sales by Geography1 8% 7% Other LatAm 54% 31% U.S. Europe Mexico • Ceramic • LVT U.S. • Ceramic • Carpet Europe Malaysia • LVT • Ce
Slide 13: Operational Excellence
Ways We Win Operational Excellence Vertical integration optimizes process controls and helps ensure product quality and business agility • Maximizing productivity & operational efficiency • ~$365M cumulative annualized restructuring savings from actions since 2022 • Ongoing cost-reduction initiative
Slide 14: Product Innovation
Ways We Win Product Innovation Delivering competitive advantages through product differentiation • Patented processes and proprietary products • Worldwide innovation leadership • Three global R&D Centers benefit all markets • Italy – Ceramic • U.S. – Carpet • Belgium – Laminate • Long history of ind
Slide 15: Recent Category Innovations
Ways We Win Recent Category Innovations Ceramic Tile Carpet Three-dimensional Pet Premier surface digital collections provide printing realistically superior stain and captures texture soil protection and and visuals of added softness stone or wood Resilient Laminate Panels SolidTech R , Exclusive M
Slide 16: Strong Financial Position
Ways We Win Strong Financial Position Free Cash Flow Share Repurchases Since 2020 • ~$1.7B in total purchases • ~18% of outstanding shares 2025 Free Cash Flow $616M • ~$149M purchased in 2025 • Free cash flow avg. ~$680M/year since 2020 • $500M share buyback program announced (July 24, 2025) Cash &
Slide 17: Leveraging Strengths into an Effective Capital Allocation Strategy
Leveraging Strengths into an Effective Capital Allocation Strategy Maintain Investment Return Capital to Grade Credit Rating Shareholders Current net debt to Repurchased ~18% adjusted EBITDA ratio: of outstanding 0.9x1 shares for ~$1.7B since 2020 Reinvest in Pursue the Business Acquisitions Focus o
Slide 18: Sustained Targeted Internal Investment
Sustained Targeted Internal Investment Investing in capacity expansion and leading-edge technology in growth product categories in key regions Expanded Italian porcelain Enhanced production technology Launched LVT manufacturing slab manufacturing to in U.S. and Belgium to more facility in northwest
Slide 19: Business Expansion Through Acquisition
Business Expansion Through Acquisition Strategic Criteria Three decades of successful acquisitions and integration opened new geographic markets, product categories and distribution capabilities • Attractively priced 58 strategic and bolt-on acquisitions since 1992 • Synergies with existing capabili
Slide 20: Q4 2025 Performance & Perspective
Q4 2025 Performance & Perspective MOHAWK INDUSTRIES 19
Slide 21: Current Market Dynamics
Current Market Dynamics • U.S. Fed lowered interest rates 3x in 2025; follows cuts from other central banks • Consumer confidence remains low; spending on large discretionary items constrained due to macroeconomic concerns • Weak housing turnover continues to impact residential remodeling investment
Slide 22: Quarterly Performance Overview
Quarterly Performance Overview Net Sales1 Adjusted EBITDA1 Adjusted OI 1 Adjusted Diluted EPS1 $2.7B $301M $152M $2.00 (In millions, except per share data) Q4 2024 Q4 2025 Net Sales $2,637.2 $2,699.6 % Change — 2.4% % Change (Adjusted Basis) — -3.3% Adjusted EBITDA $ 310.4 $ 301.2 Adjusted EBITDA Ma
Slide 23: Q4 2025 Performance Highlights
Q4 2025 Performance Highlights • Industry demand softened sequentially; believe Mohawk outperformed in most markets o Commercial continues to outperform residential o U.S. new home construction weakened o U.S. retail focused on reducing pre-buy inventory build-up that followed tariff announcement o
Slide 24: Global Ceramic Segment
Global Ceramic Segment Fourth Quarter • Net sales increased 6.1% as reported • Margins negatively impacted by higher input costs and lower sales volume, partially offset by productivity gains and improved price/mix • Commercial business is larger than other segments, benefiting sales and margins • H
Slide 25: Flooring Rest of the World Segment
Flooring Rest of the World Segment Fourth Quarter • Net sales rose 6.5% as reported • Margins negatively impacted by pressure from competitive industry pricing • Panels and insulation businesses delivered improved sales and margins • Responding to flooring market conditions by pursuing opportunities
Slide 26: Flooring North America Segment
Flooring North America Segment Fourth Quarter • Net sales declined 4.8% as reported • Margins favorably impacted by productivity gains, partially offset by higher input costs and pressure from competitive industry pricing • Commercial continues to outperform residential • Relative strength in hard s
Slide 27: Near-Term Outlook
Near-Term Outlook • Thus far, Q1 market conditions similar to Q4 • Limited housing turnover and low consumer confidence constraining residential sales • Commercial order backlog has stayed stable • Pricing pressure remains elevated across regions; offsetting with improved mix, pricing actions, produ
Slide 28: Long-Term Outlook
Long-Term Outlook Domestic U.S. Reduced cost manufacturing structures and provides streamlined advantage operations should against import- support profitable driven growth competition Industry While inflection Significant future rebounded point is demand from 10+% annually unpredictable, housing def
Slide 29: Appendix and Reconciliation Tables
Appendix and Reconciliation Tables MOHAWK INDUSTRIES 28
Slide 30: Annual Earnings Summary
Annual Earnings Summary (In millions, except per share data) 2023 2024 2025 Net Sales $11,135.1 $10,836.9 $10,785.4 % change -5.1% -2.7% -0.5% Adjusted EBITDA $ 1,416.5 $ 1,427.1 $ 1,299.9 % Adjusted EBITDA Margin 12.7% 13.2% 12.1% Adjusted Operating Income $ 814.4 $ 820.1 $ 703.1 % Adjusted Operati
Slide 31: Annual Results by Segment
Annual Results by Segment (In millions, except per share data) 2023 2024 2025 GLOBAL CERAMIC Sales $4,300.1 $4,226.6 $4,289.6 % change -0.2% -1.7% 1.5% Adjusted Operating Income $ 301.6 $ 291.8 $ 291.0 % Adjusted Operating Margin 7.0% 6.9% 6.8% FLOORING NA Sales $3,829.4 $3,769.9 $3,638.5 % change -
Slide 32: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (In millions) Q4 2025 CONSOLIDATED Net Sales $ 2,699.6 Adjustment for constant shipping days (47.6) Adjustment for constant exchange rates (102.0) Adjusted net sales $ 2,550.0 GLOBAL CERAMIC Net Sales $ 1,070.0 Adjustment for constant shipping days (13.1) Adjustme
Slide 33: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES Adjusted Operating Income (In millions) Q4 2024 Q4 2025 CONSOLIDATED Operating income $ 120.6 $ 68.3 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 25.6 51.4 Inventory capitalization - (6.2) Software implementat
Slide 34: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES Adjusted Operating Income (In millions) 2023 2024 2025 Operating income (loss) $ (291.9) 693.5 489.8 Adjustments to operating income (loss): Restructuring, acquisition and integration-related and other costs 132.2 94.4 154.2 Inventory Capitalization - - (6.2) Soft
Slide 35: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES Adjusted EBITDA (In millions) Q4 2024 Q4 2025 Net earnings (loss) including noncontrolling interests $ 90.2 42.0 Interest expense 9.8 1.2 Income tax expense 18.3 24.0 Depreciation and amortization* 156.2 176.3 EBITDA 274.5 243.5 Restructuring, acquisition and inte
Slide 36: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES Adjusted Operating Income (Loss) (In millions) 2024 2025 GLOBAL CERAMIC Operating income (loss) $ 249.5 266.7 Adjustments to segment operating income (loss): Restructuring, acquisition and integration-related and other costs 29.0 30.9 Impairment of goodwill and in
Slide 37: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES Adjusted Net Earnings (In millions) 2024 2025 Net earnings (loss) attributable to Mohawk Industries, Inc. $ 514.7 $ 369.9 Adjusting items: Restructuring acquisition, integration-related and other costs 94.4 154.2 Software implementation cost write-off 12.9 (0.4) I
Slide 38: Reconciliation of Non-GAAP Measures: Net Debt
RECONCILIATION OF NON-GAAP MEASURES Net Debt (In millions) 2023Q4 2024Q4 2025Q4 Current portion of long-term debt and commercial paper $ 1,001.7 559.4 289.3 Long-term debt, less current portion 1,701.8 1,677.4 1,741.2 Total debt 2,703.5 2,236.8 2,030.5 Less: cash and cash equivalents 642.5 666.6 856
Slide 39: For additional information, please visit mohawkind.com
For additional information, please visit mohawkind.com