Stable Revenue Performance
Net sales for the second quarter were $2.8 billion, essentially flat as reported and on a constant basis. This was driven by premium residential and commercial products and new collections.
Strong Free Cash Flow and Stock Repurchase
Generated approximately $125 million in free cash flow and repurchased about 393,000 shares of stock for approximately $42 million. A new authorization to acquire $500 million of the company's outstanding stock was approved.
Restructuring Actions on Track
Restructuring actions are delivering expected savings with an anticipated $100 million in annual cost savings in 2025.
Sustainability and Green Energy
Continued investment in product circularity, material optimization, and green energy, with major media outlets recognizing the company for reducing its carbon footprint and fostering innovation.
Improved Efficiency in LVT Operations
Manufacturing enhancements at East and West Coast LVT operations increased operational efficiencies, improving cost position and supporting growing LVT sales.