Mohawk Industries Reports Q4 Results
Retrieved on:
Thursday, February 8, 2024
Commenting on the Company’s fourth quarter and full year results, Chairman and CEO Jeff Lorberbaum stated, “Our fourth quarter results were ahead of our expectations, with benefits from cost containment, productivity and lower input costs.
Key Points:
- Commenting on the Company’s fourth quarter and full year results, Chairman and CEO Jeff Lorberbaum stated, “Our fourth quarter results were ahead of our expectations, with benefits from cost containment, productivity and lower input costs.
- We also have invested in sales resources, merchandising and new products with innovative features to inspire consumers to purchase flooring.
- In both countries, demand significantly declined last year due to rising interest rates and slowing economic conditions, which reduced our results.
- As the world’s largest flooring company, we believe we are uniquely positioned to improve our results as the market recovers.”