经济观察网 近期股价波动 根据公开报道，莫霍克工业公司（MHK.US）在2026年1月初出现显著股价异 动。2026年1月8日，股价大幅上涨5.07%至112.29美元，成交额环比增长；次日（1月9日）继续上涨 3.9%至118.72美元，成交额达1.65亿美元，较前一日增加34.11%。这些波动反映市场对短期流动性的关 注。 业绩经营情况 公司2025年第三季度财报显示，营收同比减少1.39%，净利润同比下滑22.77%。投资者正关注2025年第 四季度财报的发布，公司此前给出调整后每股收益指引区间为1.90-2.00美元，市场将对比实际数据与预 期。 近期分析师共识评级为"适度买入"，但部分机构提示需跟踪盈利修复进度。此外，公司内部人士在2025 年下半年有减持操作，投资者可关注后续公告是否涉及控制权或战略调整。 以上内容基于公开资料整理，不构成投资建议。 建材行业2026年展望指出，传统建材企业盈利底部修复趋势可能受需求回暖及供给自律影响，莫霍克作 为地板制造龙头，其海外业务（如欧洲、拉丁美洲市场）表现需结合行业动态评估。 机构观点 行业政策与环境 ...

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Core Viewpoint - Mohawk Industries is a significant player in the textile and home furnishing industry, maintaining a Neutral rating from UBS while showing resilience in earnings performance despite a slight revenue miss [1][3]. Group 1: Stock Performance - UBS has maintained a Neutral rating for Mohawk Industries, advising investors to hold the stock priced at $132.60 [1]. - The price target for Mohawk Industries has been raised from $134 to $140, reflecting a positive outlook despite a current stock price decrease of 0.66% [2]. - The stock has traded between $131.14 and $139.11, with a market capitalization of approximately $8.24 billion [2]. Group 2: Earnings and Revenue - Mohawk Industries reported quarterly earnings of $2 per share, surpassing the Zacks Consensus Estimate of $1.98, indicating an earnings surprise of +0.92% compared to the previous year's $1.95 per share [3]. - The company reported revenues of $2.7 billion, slightly below the Zacks Consensus Estimate by 0.72%, but this represents a slight increase from $2.64 billion reported in the same quarter the previous year [3][4]. - Mohawk Industries has exceeded consensus EPS estimates three times in the past four quarters, demonstrating resilience in its earnings performance [4]. Group 3: Volatility and Market Range - The stock's 52-week range has seen a high of $143.13 and a low of $96.24, indicating some volatility in its performance [4].

In contrast, Mohawk described the commercial channel as outperforming residential during 2025, with strength in healthcare, education, and hospitality. Management said it expects lower interest rates to encourage additional commercial construction and renovation activity.CEO Jeff Lorberbaum said the fourth quarter reflected the same macro factors that have weighed on flooring demand since the second half of 2022, particularly historically low housing turnover in major regions due to affordability challenges ...

Financial Data and Key Metrics Changes - The company's fourth quarter net sales were approximately $2.7 billion, an increase of 2.4% as reported, but a decrease of approximately 3.3% on a constant basis compared to the prior year [5][11] - Adjusted EPS for the quarter was $2, up approximately 3% versus the prior year, while the full year adjusted EPS was $8.96, a decrease of approximately 7.5% [5][6] - Free cash flow for the year was approximately $620 million, with a stock repurchase of approximately 1.3 million shares for $149 million [6][18] Business Line Data and Key Metrics Changes - Global Ceramic segment had sales of just under $1.1 billion, a 6.1% increase as reported, while Flooring North America sales were $893 million, a 4.8% decrease as reported [14][15] - Flooring Rest of the World reported sales of $737 million, a 6.5% increase as reported, but a 3.5% decrease on a constant basis [17] - The operating income for Global Ceramic was $63 million, or 5.9%, while Flooring North America had an operating income of $39 million, or 4.4% [15][16] Market Data and Key Metrics Changes - Approximately 55% of sales were in the U.S., 30% in Europe, and 15% in other geographies [6] - Housing turnover in major regions remains at historical lows due to affordability challenges and economic uncertainty, impacting consumer confidence [6][7] - In Europe, high building costs and labor constraints continue to impede residential construction, although there are moderate recoveries in Southern and Eastern Europe [8] Company Strategy and Development Direction - The company is focusing on innovative product introductions and marketing actions to stimulate sales in soft markets [9] - Capital expenditures for 2026 are estimated at approximately $480 million, focusing on product innovation and cost reduction [19] - The company anticipates leveraging the housing recovery and improving its position through restructuring and operational improvements [10][31] Management's Comments on Operating Environment and Future Outlook - Management noted that while home renovation remains soft, there is optimism for improvement in existing home sales due to lower mortgage rates and increased housing supply [31] - The company expects competitive market conditions to persist, with pricing pressures likely to remain [30] - Management anticipates that 2026 will be a transitional year with some improvement in remodeling activity and overall sales and earnings expected to improve [31] Other Important Information - The company has initiated numerous restructuring actions and operational improvements that lowered its cost position [10] - The balance sheet remains strong, with gross debt of $2 billion and leverage of 0.9 times adjusted EBITDA [19] - The company plans to continue its stock buyback strategy as part of its financial management [88] Q&A Session Summary Question: Expectations for price and mix in 2026 - Management anticipates continued pressure in the market, with inflation levels similar to 2025, but expects pricing, improved mix, and productivity to help offset inflation [34][35] Question: Inventory management ahead of spring selling season - Inventories were taken down in the fourth quarter, and management believes they are close to where they need to be, with optimism from customers for the year [41][42] Question: Outlook for 2026 and pricing pressures - Management expects price, mix, and volume to improve, with pricing initiatives in place to recover inflation and enhance product mix [59][60] Question: Impact of tariffs and cost management - Tariffs range from 15%-50%, and management has taken actions to offset these costs through pricing and supply chain management [92][93] Question: Pricing stabilization in Flooring Rest of the World - Management noted that geopolitical events are impacting consumer confidence, but targeted price increases are expected to have a slightly positive effect as the year progresses [95]

Mohawk Industries (NYSE:MHK) Q4 2025 Earnings call February 13, 2026 11:00 AM ET Company ParticipantsJames Brunk - CFOJeff Lorberbaum - Chairman and CEOMichael Rehaut - Head of US Homebuilding and Building Products ResearchNick Manthey - VP of Corporate Finance and Investor RelationsPaul De Cock - President and COOStephen Kim - Senior Managing Director and Head of the Housing Research TeamConference Call ParticipantsEric Bosshard - CEO and Consumer Industry AnalystKeith Hughes - Managing Director and Sell S ...

Key Takeaways Mohawk tops EPS estimates and grows year over year, leveraged by pricing and cost actions.Mohawk witnessed margin pressures as its Flooring NA business segment faced weak housing demand.The company now eyes a 2026 rebound as it advances with restructuring actions and product innovation.Mohawk Industries, Inc. (MHK) reported mixed fourth-quarter 2025 results, with earnings topping the Zacks Consensus Estimate and net sales marginally missing the same. On a year-over-year basis, both metrics inc ...

Financial Data and Key Metrics Changes - The fourth quarter net sales were approximately $2.7 billion, an increase of 2.4% as reported, but a decrease of approximately 3.3% on a constant basis compared to the prior year [4] - Adjusted EPS for the quarter was $2, up approximately 3% versus the prior year, while the full year adjusted EPS was $8.96, a decrease of approximately 7.5% [5][13] - Free cash flow for the year was approximately $620 million, with stock repurchases of approximately 1.3 million shares for $149 million [5] Business Line Data and Key Metrics Changes - Global Ceramic segment had sales of just under $1.1 billion, a 6.1% increase as reported, and flat on a constant basis [13] - Flooring North America sales were $893 million, a 4.8% decrease as reported, or 6.2% on a constant basis, primarily due to a decline in the residential soft surface business [14] - Flooring Rest of the World sales were $737 million, a 6.5% increase as reported, but a 3.5% decrease on a constant basis [16] Market Data and Key Metrics Changes - Approximately 55% of sales were in the U.S., 30% in Europe, and 15% in other geographies [5] - Housing turnover in major regions remains at historical lows due to affordability challenges and economic uncertainty [5] - In Europe, high building costs and labor constraints continue to impede residential construction, although moderate recoveries have emerged in Southern and Eastern Europe [8] Company Strategy and Development Direction - The company is focusing on innovative product introductions and marketing actions to stimulate sales in soft markets [9] - Capital expenditures for 2026 are planned at approximately $480 million, focusing on product innovation and cost reduction [18] - The company anticipates benefits from product mix, productivity, and cost reductions to offset headwinds from higher energy and labor costs [28] Management's Comments on Operating Environment and Future Outlook - Management noted that while home renovation remains soft, there is optimism for improvement in existing home sales due to lower mortgage rates and increased housing supply [44] - The company expects 2026 to be a transitional year with some improvement in remodeling activity and anticipates exceeding last year's earnings [44][46] - Management highlighted that pricing pressures are likely to remain due to competitive market conditions [32] Other Important Information - The company initiated numerous restructuring actions and operational improvements that lowered its cost position [10] - The balance sheet remains strong, with gross debt of $2 billion and leverage of 0.9 times adjusted EBITDA [18] Q&A Session Summary Question: Expectations for price and mix in 2026 - Management anticipates continued pressure in the market, with inflation levels similar to 2025, but expects pricing, improved mix, and productivity to help offset inflation [32][33] Question: Inventory management ahead of spring selling season - Inventories were reduced in the fourth quarter, and management believes they are close to where they need to be, with optimism from customers for the upcoming year [39][41] Question: Outlook for 2026 and pricing dynamics - Management expects price, mix, and volume to improve, driven by pricing initiatives and a stable commercial business [57][58] Question: Impact of tariffs and pricing strategies - Tariffs range from 15%-50%, and management has taken actions to offset these costs through pricing and supply chain management [93] Question: Pricing pressure in Flooring Rest of the World - Management noted strong price competition but anticipates a slightly positive price effect as they move through the year [97]

Core Insights - Mohawk Industries reported revenue of $2.7 billion for the quarter ended December 2025, reflecting a year-over-year increase of 2.4% [1] - The company's EPS was $2.00, up from $1.95 in the same quarter last year, with an EPS surprise of +0.92% compared to the consensus estimate of $1.98 [1] Financial Performance - Revenue from Global Ceramic was $1.07 billion, matching analyst estimates and showing a year-over-year increase of 6.1% [4] - Revenue from Flooring ROW was $737.1 million, exceeding the average estimate of $717.58 million and representing a 6.6% increase year-over-year [4] - Revenue from Flooring NA was $892.5 million, below the average estimate of $931.18 million, indicating a decline of 4.8% year-over-year [4] Operating Income - Adjusted Operating Income for Global Ceramic was $62.7 million, surpassing the average estimate of $56.49 million [4] - Adjusted Operating Income for Flooring NA was $39.2 million, falling short of the average estimate of $49.53 million [4] - Adjusted Operating Income for Flooring ROW was $65.1 million, slightly above the average estimate of $64.63 million [4] - Adjusted Operating Income for Corporate and intersegment eliminations was -$14.9 million, compared to the average estimate of -$14.39 million [4] Stock Performance - Shares of Mohawk Industries have returned +12.7% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

NEWS RELEASE in December increased over the prior year. Currently, U.S. mortgage rates are at their lowest levels since autumn 2022, and we anticipate that these lower rates combined with potential government actions will benefit housing turnover. In Europe, interest rates are also at their lowest since autumn 2022, and consumers have built record levels of savings, inflation has eased, and employment has remained steady. Across all our markets, housing availability remains constrained as construction level ...