Mohawk beats quarterly profit estimates, flags rising costs amid Middle East conflict

April 30 (Reuters) - Flooring manufacturer Mohawk Industries MHK.N posted first-quarter profit above Wall Street estimates on Thursday, helped by cost-cutting measures and restructuring gains, even as conflict-driven inflation lifted expenses and volumes fell.

Shares of the Calhoun, Georgia company rose more than 3% in after-hours trading.

• "New home construction remained soft, and consumers continued to defer home purchases and remodeling projects due to economic uncertainty," CEO Jeff Lorberbaum said.

• The company, which operates across North America, Europe, Latin America and Australia, is implementing price increases across many product categories and geographies citing inflation due to the Middle East conflict.

• Further price hikes could be required, it added, with the full impact of the pricing actions and rising input costs not to be seen until the third quarter.

• On an adjusted basis, the flooring maker reported first-quarter earnings per share of $1.90, compared to analysts' estimates of $1.81 apiece, according to data compiled by LSEG.

• Quarterly revenue came in at $2.73 billion, compared with analysts' average expectations of $2.74 billion.