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Mohawk Industries Inc   (MHK)
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Price: $119.2400 $1.41 1.197%
Day's High: $120.36 Week Perf: -0.34 %
Day's Low: $ 116.96 30 Day Perf: 2.4 %
Volume (M): 660 52 Wk High: $ 123.27
Volume (M$): $ 78,675 52 Wk Avg: $98.59
Open: $118.00 52 Wk Low: $76.02



 Market Capitalization (Millions $) 7,595
 Shares Outstanding (Millions) 64
 Employees 43,000
 Revenues (TTM) (Millions $) 11,135
 Net Income (TTM) (Millions $) -439
 Cash Flow (TTM) (Millions $) 133
 Capital Exp. (TTM) (Millions $) 613

Mohawk Industries Inc

Mohawk Industries, Inc. is a leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The Companys vertically integrated manufacturing and distribution processes provide competitive advantages in carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile ("LVT") and vinyl flooring. The Companys industry-leading innovation develops products and technologies that differentiate its brands in the marketplace and satisfy all flooring related remodeling and new construction requirements. The Companys brands are among the most recognized in the industry and include American Olean®, Bigelow®, Daltile®, Durkan®, IVC™, Karastan®, Lees®, Marazzi®, Mohawk®, Pergo®, Quick-Step® and Unilin®. The Company has transformed its business from an American carpet manufacturer into the worlds largest flooring company with operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.

The Company realigned its reportable segments to reflect how the Company’s results will be reported by management. The Company has reorganized its business into three segments, Global Ceramic, Flooring North America ("Flooring NA") and Flooring Rest of the World ("Flooring ROW"). In order to leverage its relationships and distribution capabilities, the Company organized its carpet, wood, laminate, LVT and vinyl operations by geography into the Flooring NA segment and Flooring ROW segment. The Company did not make any changes to the Global Ceramic segment, which includes the Companys ceramic, tile and stone operations. Previously reported segment results have been reclassified to conform to the current period presentation.

The Global Ceramic segment designs, manufactures, sources, distributes and markets a broad line of ceramic tile, porcelain tile and natural stone products used in the residential and commercial markets for both remodeling and new construction. In addition, the Global Ceramic segment sources, markets and distributes other tile related products. The Global Ceramic segment markets and distributes its products under various brands, including the following brand names: American Olean, Daltile, KAI, Kerama Marazzi, Marazzi and Ragno®which it sells through independent distributors, home center retailers, individual floor covering retailers, ceramic specialists, commercial contractors and commercial end users. The Global Ceramic segment operations are vertically integrated from the production of raw material for body and glaze preparation to the manufacturing and distribution of ceramic and porcelain tile.

The Flooring NA segment designs, manufactures, sources, distributes and markets its floor covering product lines, in a broad range of colors, textures and patterns in the residential and commercial markets for both remodeling and new construction. The segments product lines include carpets, rugs, carpet pad, hardwood, laminate and vinyl products including LVT. The Flooring NA segment markets and distributes its flooring products under various brands, including the following brand names: Aladdin®, Bigelow, Columbia Flooring®, Durkan, Horizon®, IVC, Karastan, Lees, Mohawk, Pergo, Portico®, QuickStep and SmartStrand® which it sells through independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial contractors and commercial end users. Some products are also marketed through private labeling programs.

The Flooring ROW segment designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard ("MDF"), chipboards, and vinyl flooring products, including LVT, used primarily in the residential and commercial markets for both remodeling and new construction. In addition, the Flooring ROW segment licenses certain patents related to flooring manufacturers throughout the world. The Flooring ROW segment markets and distributes its flooring products under various brands, including the following brand names: IVC, Moduleo, Pergo, Quick-Step and Unilin which it sells through retailers, wholesalers, independent distributors and home centers.

 



   Company Address: 160 S. Industrial Blvd. Calhoun 30701 GA
   Company Phone Number: 629-7721   Stock Exchange / Ticker: NYSE MHK
   


Customers Net Income fell by MHK's Customers Net Profit Margin fell to

-63.33 %

2.48 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
TILE        5.74% 
LIVE   -3.67%    
• View Complete Report
   



Mohawk Industries Inc

Mohawk Industries Inc Shows Strong Earnings Growth, But Questions Remain2.

The recent financial report of Mohawk Industries Inc for the period ending December 31, 2023, paints a concerning picture for the company's future prospects. While it may be touted that earnings per share (EPS) saw a significant increase of 316.01% to $2.19 per share, this growth is overshadowed by the decrease in revenue by -1.476% to $2.61 billion year on year. It is clear that the company's profitability has not been driven by an increase in sales but rather through cost-cutting measures or other unsustainable means.
Furthermore, the net profits of $139.428 million in the same financial period may seem impressive at first glance, marking a substantial increase of 315.56% from the previous year. However, a closer look reveals that the company's operating earnings improved by just 173.58% to $167.098 million. This indicates that a significant portion of the net profits may be attributed to one-time gains or non-operational activities rather than core business operations.

Mohawk Industries Inc

Mohawk Industries Inc. Overcomes Revenue Setback, Unfazed by -5.165% Downturn in Q3 2023

/>In a recent fiscal period, Mohawk Industries Inc. experienced significant losses, prompting concerns among investors. The company's financial results, including declining earnings per share, plummeting revenue, and mounting net losses, clearly indicate an unfavorable situation. Furthermore, the decline in inventories and accounts receivable has sparked speculation about dwindling demand. As the stock prices hit a 52-week low, Mohawk Industries Inc. faces mounting pressure to turn its performance around.
Losses Per Share and Declining Earnings:
In its most recent fiscal period, Mohawk Industries Inc. reported a loss per share of $-11.94, representing a steep increase from the $-8.40 per share loss incurred the previous year. Additionally, earnings per share fell from $1.58 in the preceding reporting season, highlighting a concerning downward trend. These figures are a clear indication that the company has struggled to generate profitability and sustain its financial successes from the past.

Mohawk Industries Inc

Mohawk Industries Inc Sees Decline in Revenue by -6.417% in Second Quarter of 2023 Earnings Season

Over the course of the last five trading days, Mohawk Industries Inc shares experienced a decline of -2.22%. This decrease in share value brings the year-to-date performance of the company to -9.54%. Additionally, Mohawk Industries Inc shares are currently trading 11.1% above their 52-week low.
The decline in share value can be attributed to the decrease in revenue for the May to July 01, 2023 period. Compared to the same reporting period one year ago, the revenue of Mohawk Industries Inc fell by -6.417% to $2.95 billion. This decline in revenue caused the company's earnings to plummet by -64.09% to $1.58 per share, compared to the $4.40 per share achieved in the previous year.






 

Mohawk Industries Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Mohawk Industries Inc does not provide revenue guidance.

Earnings Outlook
Mohawk Industries Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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