Maintenance Team Lead

Mohawk Industries reported fourth-quarter revenues of $2.7 billion, up 2.4% year on year and exceeding analyst expectations by 0.9%. However, the flooring manufacturer's earnings per share guidance for the next quarter missed expectations. Chairman and CEO Jeff Lorberbaum noted that results aligned with internal forecasts, with earnings supported by productivity improvements, restructuring initiatives and lower interest expenses. These gains were partially offset by market pricing pressures and increased input costs. Commercial demand remained stable, though US housing market weakness affected volumes. For the full year, Mohawk generated approximately $621 million in free cash flow and repurchased roughly 1.3 million shares for $150 million. The company's 2025 sales are expected to be split 55% US, 30% Europe and 15% other regions.

Mohawk Industries plans upcoming leadership transition. Mohawk Industries, Inc. (NYSE: MHK) today announced that James F. Brunk, the Company's Chief Financial Officer, plans to retire, effective April 1, 2026, and Nicholas P. Manthey, Vice President of Corporate Finance and Investor Relations, will succeed Mr. Brunk as Mohawk's next chief financial officer. "It has been a privilege to serve as CFO at Mohawk, and I am proud of the progress our Company has made during the past 20 years, as we became the global leader in flooring," said Mr. Brunk. "I am grateful to our leadership team and finance team for their excellent work. I have had the pleasure of working with exceptional people around the globe, and those relationships have been the most gratifying part of the job. I am proud of all we have accomplished as a team." Mr. Brunk has worked closely with Mr. Manthey to ensure a smooth transition, and Mr. Brunk will support Mohawk in a senior advisory role following his retirement. "I appreciate Jim's many contributions to Mohawk's success," said Jeffrey S. Lorberbaum, Chairman and Chief Executive Officer. "His leadership was instrumental in Mohawk becoming the world's largest flooring company by entering new geographies, integrating significant acquisitions and driving business expansion around the globe. Jim has positioned Mohawk to build upon its years of success with a dedicated team of talented professionals and a strong financial position that will support our future growth." "Since Nick became a part of our company, he and our leadership team have partnered to improve the business, and I am confident he has the experience and skills to deliver excellent results as our next chief financial officer," said Mr. Lorberbaum. "Nick has a deep and diverse background in finance with decades of experience in international manufacturing and technology companies. He has worked with our global finance team and segment leadership to gain a comprehensive understanding of our worldwide operations." Mr. Manthey joined Mohawk's Flooring North America segment in 2020 as the segment's chief financial officer and has since worked as Mohawk's Vice President of Corporate Finance and Investor Relations. Prior to joining Mohawk, Mr. Manthey broadened his finance and leadership skills at Bridgestone and Intel, advancing in analytical and strategic operational positions, including leadership roles in both the U.S. and Latin America. "Mohawk is a strong business with great potential, and I am excited by this opportunity," said Mr. Manthey. "We have an exceptional finance team across the enterprise. I look forward to partnering with them to identify new opportunities to strengthen our business and working with our leadership team to deliver outstanding results for our shareholders." Mohawk Industries is a leading global flooring manufacturer, providing products that enhance residential and commercial spaces in approximately 180 countries. During the past two decades, Ccr Mag has expanded the Company's operational footprint with manufacturing facilities in North America, Europe, South America, Oceania and Asia. Its vertically integrated manufacturing and distribution processes provide competitive advantages in the production of ceramic tile, carpet, laminate, wood, stone, and vinyl flooring. Its industry-leading innovation has yielded products and technologies that differentiate its brands in the marketplace and satisfy all remodeling and new construction requirements. Its brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.