Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Stone Statistics

Mohawk Sales Declined 1.4% in Q4 2023, Earnings Positive

Mohawk net sales for Q4 2023 were $2.6 billion, a decrease of 1.4% compared to net sales of $2.7 billion in the same period last year. Q4 2023 net earnings were $139 million, an increase of 421% compared to net earnings of $33 million in Q4 2022. Read More

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Floor Coverings Sales Trends

U.S. floor coverings sales could have turned the corner in the fourth quarter of 2023 after seeing declining sales over the first three quarters of the year. Based on monthly data, Catalina estimates U.S. floor covering manufacturer dollar sales (shipments minus exports plus imports) could have increased by 0.7 percent in the fourth quarter, while square foot sales could have risen by 1.9 percent. Read More

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Construction Worker Shortage Estimated at 501,000

The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors Read More

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The International Impact of Tile

Tile is truly a global flooring product. With so many vendors exploring fashion and technology, innovation in both look and composition enables a large scale appetite for the various new products from all around the world. Thanks to this continuing globalization, tile’s market reach is one that extends worldwide and remains robust and diversified. Read More

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Crazy For Countertops

Countertops are the keystone in every kitchen, tying together the flooring, walls, cabinetry and appliances. With so many different options available — from quartz to granite, tile to engineered stone — it’s a matter of what is most important to the consumer and identifying the right option for them. Read More

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The Home Depot to Acquire International Designs Group

Home Depot entered into an agreement to acquire International Designs Group (IDG)—a construction materials conglomerate that includes UMI, Construction Resources (CR), Marva, European Granite & Marble Group, and Cancos Tile & Stone—from private equity firm Mill Point Capital. Read More

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Hard Surface Report

U.S. hard-surface imports in September 2023 continued to decline, with the $395.7 million in total value falling by 10% from August and 18.7% from the same time last year. Quartz-surface imports continue to lag behind last year, with September's volume falling by 25%. Marble, meanwhile, managed to increase in year-over-year volume -- by a scant 0.6%, but it's a positive. Read More

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CONFINDUSTRIA MARMOMACCHINE recently issued the tables created by the Association’s Studies Center regarding the stone sector’s export trends in the first half of 2023. The overall export figure – covering both materials and extraction and processing technologies – showed essential confirmation of the record levels of 2022 (+0.1%), or worth of 1,566.3 million euros. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Stone Statistics

The Tile Shop Sales Down 8.4% in Q2, Earnings Down 26.5%

The Tile Shop reported net sales of $98.6 million for Q2 2023, an 8.4% decline compared to sales of $1.08 billion for Q2 2022. Sales decreased at comparable stores by 8.0% during the second quarter of 2023 compared to the second quarter of 2022, primarily due to a decrease in traffic, which was partially offset by an increase in average ticket value. Read More