Mohawk Industries, Inc. (MHK) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the Mohawk Industries first quarter 2025 earnings conference call. All participants will be in a listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your touch tone phones. Please note this event is being recorded. At this time, I'd like to turn the conference call over to Mr. James Brunk, Chief Financial Officer. Sir, please go ahead. Thanks, Jamie. Good morning, everyone, and welcome to Mohawk Industries' Quarterly Investor Conference Call. Joining me on the call are Jeff Lohrbaum, Chairman and Chief Executive Officer, and Paul DeCock, President and Chief Operating Officer. Today, we'll update you on the company's first quarter performance, and provide guidance for the second quarter of 2025. I'd like to remind everyone that our press release and statements that we make during this call may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties, including but not limited to those set forth in our press release and periodic filings with the Securities and Exchange Commission. This call may include the discussion of non-GAAP numbers. For a reconciliation of any non-GAAP to GAAP amounts, please refer to our Form 8K and press release in the Investor section of our website. I'll now turn over the call to Jeff for his opening remarks. Thank you, Jim. In the first quarter, our reported sales were $2.5 billion, a decrease of 5.7% as reported, or about flat on a constant basis, absorbing two fewer shipping days and year-over-year foreign ...