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Mohawk Industries, Inc. (NYSE: MHK) reported Q1 2024 net earnings of $105 million, EPS of $1.64, and adjusted net earnings of $119 million with adjusted EPS of $1.86. Net sales were $2.7 billion, a 4.5% decrease from the previous year. The company highlighted economic headwinds affecting industry sales but noted improved performance due to restructuring, cost reduction, and new product investments.
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End-of-Day
4.7%
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Mohawk Industries, Inc. (MHK) announces the First Quarter 2024 earnings release and invites investors to join the live conference call on April 26, 2024, at 11:00 am ET.
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0.2%
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Mohawk Industries, Inc. (NYSE: MHK) reported fourth quarter 2023 net earnings of $139 million and earnings per share of $2.18, with adjusted net earnings of $125 million and adjusted EPS of $1.96. Net sales for the fourth quarter of 2023 were $2.6 billion, a decrease of 1.4%. For the twelve months ending December 31, 2023, the Company reported a net loss of $440 million, which included non-cash impairment charges of $878 million; adjusted net earnings were $587 million. Chairman and CEO Jeff Lorberbaum highlighted cost containment, productivity, and lower input costs as factors contributing to the positive results. The Global Ceramic Segment reported a 0.6% increase in net sales, while the Flooring Rest of the World Segment's net sales decreased by 1.5%. The Flooring North America Segment sales declined 3.6%. The company anticipates its first quarter adjusted EPS to be between $1.60 and $1.70, expecting improving industry conditions in the second half of the year.
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0.36%
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Mohawk Industries, Inc. (NYSE: MHK) invites you to listen to the live broadcast of their Fourth Quarter 2023 Earnings Call on February 9, 2024, at 11:00 am ET. The call will be available for replay through March 8, 2024, offering an opportunity for investors to gain insights into the company's financial performance.
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1.8%
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Mohawk Industries reports a net loss of $760 million in Q3 2023 due to impairment charges. Adjusted net earnings were $174 million. Net sales decreased by 5.2% to $2.8 billion. The housing market slowdown and higher energy costs are impacting the industry. The company is taking actions to increase volumes and optimize results.
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-2.5%
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Mohawk Industries, Inc. to release Third Quarter 2023 earnings on October 26, 2023
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-0.09%
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Mohawk Industries, Inc. publishes its 2022 ESG Report showcasing progress towards sustainability goals. Highlights include exceeding greenhouse gas emissions intensity goal by 35.3%, investing in green energy, advancing product circularity, improving water restoration, expanding workplace diversity, and enhancing governance.
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-0.23%
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Mohawk Industries, Inc. (NYSE: MHK) reported second quarter 2023 net earnings of $101 million and diluted EPS of $1.58. Adjusted net earnings were $176 million, and adjusted EPS was $2.76. Net sales for Q2 2023 were $3.0 billion, a decrease of 6.4% YoY. For the first six months of 2023, net sales were $5.8 billion, a decrease of 6.7% YoY.
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-0.33%
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Mohawk Industries, Inc.
NYSE:MHK
MHK Rankings
MHK Stock Data
7.43B
53.23M
17.1%
82.55%
2.94%
Carpet and Rug Mills
Manufacturing
United States of America
CALHOUN
About MHK
mohawk industries is a leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. our brands are among the most recognized in the industry and include american olean, bigelow, daltile, durkan, karastan, lees, marazzi, mohawk, mohawk home, pergo, unilin and quick-step. during the past decade, mohawk has transformed its business from an american carpet manufacturer into the world’s largest flooring company with operations in australia, brazil, canada, china, europe, india, malaysia, mexico, russia and the united states.