Articles
TILE OF SPAIN COMPANIES PRESENT AN ALL-ENCOMPASSING DISPLAY OF INNOVATIONS AT COVERINGS 2024
More than 50 ceramic companies from the Spanish delegation showcased their latest collections and cutting-edge products at Coverings 2024, North America’s premier international tile and stone exhibition and conference. Held at the Georgia World Congress Center in Atlanta, GA from April 22 – 25, 2024, this year’s fair emphasized Spain’s position at the forefront of innovation in the industry. Here is a highlight of key trends from Spain that underscore the macro-diversity of new and emerging ceramics. Read More
Tile Shop Net Sales Declined 10.1% YOY in Q1, Income Down 32%
The Tile Shop reported net sales for Q1 2024 were $91.7 million, a decline of 10.1%, compared to Q1 2023’s $102 million. Read More
LL Flooring's Net Sales Down 21.7% in Q1, Net Loss of $29 Million
LL Flooring reported net sales of $188.5 million for Q1 2024, a decline of 21.7% compared to Q1 2023’s $240.7 million. Total comparable store sales decreased 21.5% versus the same period last year. The net loss for Q1 2024 was $29 million, compared to a loss of $10.6 million in the prior year period. Read More
Floor & Décor Q1 Sales Down 2.2%, Income Down 30%
Floor & Décor reported net sales of $1,097.3 million for Q1 2024, a decline of 2.2% from $1,122.1 million in Q1 2023. Comparable store sales decreased 11.6%. Read More
US ceramic tile manufacturers petition anti-dumping and countervailing duties on Indian Imports
As TCNA Tile Council of North America communicated, “the 9 U.S. ceramic tile manufacturers which form the Coalition for Fair Trade in Ceramic Tile (representing 90% of US tile production), have filed anti-dumping and countervailing duty petitions with the Federal Government seeking the imposition of substantial tariffs on imports of ceramic tile from India to remedy unfairly low-priced imports that have injured domestic manufacturers and flooded the market with uncertified porcelain tiles”. Read More
Mohawk Sales Declined 3.6% in Q1, Earnings Up 31%
Mohawk announced net sales of $2.7 billion for Q1 2024, a 3.6% decline from Q1 2023’s $2.8 billion. Read More
U.S. Ceramic Consumption Declined 7.3% in 2023
U.S. ceramic tile consumption in 2023 was 2.85 billion square feet, down 7.3% from the previous year, according to the Tile Council of North America. Revenue in dollars declined 8.1%. Read More
Domestic Ceramic Tile Manufacturers Seek Tariffs on Dumped & Subsidized Indian Imports
Today, U.S. ceramic tile manufacturers, representing over 90% of all U.S. ceramic tile manufacturing are filing anti-dumping and countervailing duty petitions with the federal government seeking the imposition of substantial tariffs on imports of ceramic tile from India to remedy unfairly low-priced imports that have injured domestic manufacturers and flooded the market with uncertified porcelain tiles. Read More
Ceramic Imports Declined 14.7% in First Two Months of 2024
In the first two months of 2024, total U.S. imports of ceramic tile were 26.3 million square meters, a decline of 14.7% from the same period in 2023 when imports were 30.9 million square meters, according to Grosser Consulting. Read More
2023 U.S. CERAMIC TILE MARKET UPDATE
The U.S. ceramic tile market contracted for the second straight year in 2023, as the U.S. housing market with which it is closely linked continued to struggle due to high mortgage rates, inflation, and labor shortages. Read More