This report does not constitute a rating action. Revenue for the first nine months of fiscal 2025 (ended Sept. 27, 2025) decreased approximately 1.4% compared to the same period in fiscal-year 2024, as lower volumes, fewer shipping days in the current nine-month period, and challenges from the company?s order management system conversion offset favorable price and product mix and the positive net impact of foreign exchange rates. The persistent, adverse macroeconomic backdrop of higher interest rates, lingering inflation, and reduced consumer discretionary spending continued to hinder business results in all regions. Despite the macroeconomic challenges, Mohawk remains focused on restructuring and cost-savings activities. The company is addressing the impact of tariff-driven higher costs through pricing and supply chain optimization. That
