Mohawk Industries, Inc. (MHK) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Mohawk Industries third 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. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to James Brunk, Chief Financial Officer. Please go ahead. Thank you, Jamie. Good morning, everyone. Welcome to Mohawk Industries Quarterly Investor Conference Call. Joining me on the call are Jeff Loribond, Chairman and Chief Executive Officer, and Paul DeCock, President and Chief Operating Officer. Today, we'll update you on the company's third quarter performance and provide guidance for the fourth quarter of 2025. I'd like to remind everyone that our press release and statements that we make during this call are 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 our periodic filings with the Securities and Exchange Commission. This call may include discussion of non-GAAP numbers for reconciliation of any non-GAAP to GAAP amounts, please refer to our AK and press release in the investor section of our website. I'll now turn the call over to Jeff for his opening remarks. Thank you, Jim. Our third quarter net sales of $2.8 billion were in line with our expectations slightly ahead of prior year as reported and flat on a constant basis. Though economic conditions across our regions weakened more than anticipated compared to the prior quarter, we believe we outperformed i...