Articles
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
Catalina Kitchen and Bath Quarterly Update
U.S. kitchen and bath product manufacturer sales turned the corner in the first quarter of 2024 after hitting bottom in the fourth quarter of 2023. The rebound, however, was weak since homeowner kitchen and bathroom renovations remain sluggish. 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
Ceramic Imports Declined 7.9% YOY in January
In the month of January 2024, total U.S. imports of ceramic tile were 13.79 million square meters, according to Grosser Consulting, a 7.9% decline compared to January 2023’s 14.97 million square meters. Read More
Tile Shop Sales Down 3.4% in Q4, Income Down 58%
The Tile Shop reported net sales for Q4 2023 were $84.5 million, a decrease of 3.4% compared to Q4 2022’s $87.5 million. Read More
LL Flooring Sales Declined 19.7% in Q4 2023 on Loss of $17.5 Million
LL Flooring reported Q4 2023 net sales declined 19.7% to $211.8 million compared to sales of $263.9 million in Q4 2022, driven by a decrease in transaction count and average transaction size reflecting lower spend by consumers and pros. Read More
Flooring Recovery Depends on Interest Rates
Floor covering demand is highly correlated with interest rate cycles. Interest rate movements affect housing demand, non-residential building construction spending and transportation equipment shipments. Any interest rate decline stimulates flooring sales to households, businesses, builders and transportation equipment manufacturers. Read More