Mohawk Inds Stock Price, News & Analysis

Mohawk Industries (NYSE:MHK), the world's largest flooring company, has released its 16th annual impact report highlighting significant sustainability achievements. The company demonstrated strong environmental progress with a 30% reduction in emissions intensity from 2010 baseline and a 117% increase in renewable energy consumption.

Key sustainability milestones include recycling billions of plastic bottles into flooring, repurposing 1.5 billion pounds of waste wood into chipboards, and upcycling 50 million pounds of discarded tires. The company's water withdrawal intensity improved by 45% from 2010 levels. Among its 41,900 global associates, 10.5% have 25+ years of tenure, while workplace safety incidents decreased by 35% since 2010.

Mohawk Industries (NYSE:MHK) has announced its Second Quarter 2025 earnings conference call details. The company will release its Q2 2025 earnings on Thursday, July 24, 2025, followed by a conference call on Friday, July 25, 2025, at 11:00 am ET.

Investors can access the live broadcast through the company's website at mohawkind.com under the "Investors" tab or join via phone. A replay will be available until August 22, 2025, and the call recording will be archived for one year on the company's website.

Mohawk Industries (NYSE: MHK) reported Q1 2025 results with net earnings of $73 million and EPS of $1.15 (adjusted EPS: $1.52). Net sales decreased 5.7% to $2.5 billion compared to Q1 2024. The company faced challenges including weaker market conditions, with residential remodeling being the slowest sector. New global tariffs, particularly 145% on Chinese LVT imports, are expected to impact the company with an estimated annual cost of $50 million. Mohawk plans to address this through price increases and supply chain adjustments. The company's segments showed mixed performance: Global Ceramic sales declined 4.9%, Flooring Rest of World decreased 8.8%, and Flooring North America dropped 4.2%. Mohawk expects Q2 2025 adjusted EPS between $2.52-$2.62 and anticipates $100 million in benefits from restructuring initiatives this year.

Mohawk Industries (NYSE: MHK) has announced its First Quarter 2025 earnings conference call schedule. The company will release its Q1 2025 earnings on Thursday, May 1, 2025, followed by a conference call on Friday, May 2, 2025, at 11:00 am ET.

Investors can access the live broadcast through mohawkind.com's Investors tab or register for the conference call. Dial-in numbers are provided for U.S./Canada (1-833-630-1962) and International (1-412-317-1843) participants.

For those unable to attend, a replay will be available until June 2, 2025, accessible via U.S./Canada (1-877-344-7529) or International (1-412-317-0088) numbers with Replay Access Code 7877006. The call recording will remain archived for one year on mohawkind.com.

Mohawk Industries (NYSE: MHK) reported Q4 2024 results with net earnings of $93 million and EPS of $1.48, while adjusted net earnings were $123 million with adjusted EPS of $1.95. Q4 net sales reached $2.6 billion, showing a 1.0% increase as reported but a 1.0% decrease on an adjusted basis year-over-year.

For the full year 2024, net sales decreased 2.7% to $10.8 billion, with net earnings of $518 million and EPS of $8.14. The company generated free cash flow of $680 million and repurchased 1.3 million shares for $161 million. Despite soft residential demand and market challenges, Mohawk's restructuring initiatives and productivity improvements benefited performance, leading to a 6% increase in full-year adjusted EPS.

The company ended 2024 with available liquidity of approximately $1.6 billion and debt leverage of 1.1 times. A new order management system implementation in Flooring North America is expected to impact Q1 2025 operating income by $25-30 million.

Mohawk Industries (NYSE: MHK) has announced its upcoming fourth quarter 2024 earnings conference call schedule. The company will release its earnings on Thursday, February 6, 2025, followed by a live conference call on Friday, February 7, 2025, at 11:00 am ET.

The call will be accessible through multiple channels: via web broadcast on mohawkind.com under the 'Investors' tab, or through dial-in numbers 1-833-630-1962 (U.S./Canada) and 1-412-317-1843 (International). For those unable to attend the live call, a replay will be available until March 7, 2025, accessible via phone using Conference ID #3217810. The call recording will also be archived for one year on the company's website.

Mohawk Industries (NYSE: MHK) announced key leadership changes effective February 1, 2025. Chris Wellborn will retire as President and Chief Operating Officer but continue as Vice Chair of the Board. Paul De Cock, current President of Flooring North America, will succeed Wellborn. Ken Walma, with extensive manufacturing leadership experience, will replace De Cock as President of Flooring North America. De Cock has been with the flooring industry in Europe and U.S., leading Mohawk's Flooring North America for six years and previously serving in leadership roles at Unilin Group.

Mohawk Industries reported Q3 2024 net earnings of $162 million with EPS of $2.55, and adjusted EPS of $2.90. Net sales were $2.7 billion, down 1.7% from prior year. The company generated free cash flow of $204 million in Q3, totaling $443 million year to date. Despite soft market conditions, performance was supported by sales initiatives, productivity improvements, and lower input costs, partially offset by pricing pressures. The company is executing restructuring initiatives expected to yield over $100 million in annual savings. Market conditions remained slower than anticipated due to high interest rates and lower consumer confidence, though commercial channel outperformed residential.

Mohawk Industries, Inc. (NYSE: MHK) has announced its Third Quarter 2024 earnings conference call, scheduled for Friday, October 25, 2024, at 11:00 am ET. The earnings release will be issued on Thursday, October 24, 2024. Investors can listen to the live broadcast on the company's website or register for the conference call. For those unable to attend, a replay will be available until November 22, 2024.

Mohawk Industries is the leading global flooring manufacturer, producing a wide range of products including carpet, rugs, ceramic tile, laminate, wood, stone, and vinyl flooring. The company has operations in multiple countries and owns several well-known brands in the industry. Over the past two decades, Mohawk has transformed from an American carpet manufacturer into the world's largest flooring company.