Core Insights - Mohawk Industries reported quarterly earnings of $1.95 per share, exceeding the Zacks Consensus Estimate of $1.88 per share, but slightly down from $1.96 per share a year ago, resulting in an earnings surprise of 3.72% [1] - The company achieved revenues of $2.64 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.77% and showing an increase from $2.61 billion year-over-year [2] - Mohawk Industries has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The future performance of Mohawk Industries' stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.74 on revenues of $2.61 billion, while the estimate for the current fiscal year is $10.71 on revenues of $10.87 billion [7] Industry Context - The Textile - Home Furnishing industry, to which Mohawk Industries belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Mohawk's stock performance [5]

Financial Performance - Fourth quarter 2024 net earnings were $93 million, with an EPS of $1.48; adjusted net earnings were $123 million, and adjusted EPS was $1.95[2] - For the year ended December 31, 2024, net sales were $10.8 billion, a decrease of 2.7% compared to the prior year; adjusted net earnings were $617 million, and adjusted EPS was $9.70[3] - Consolidated net sales for the three months ended December 31, 2024, were $2,637.2 million, slightly up from $2,612.3 million in the same period of 2023[22] - Adjusted net sales for the three months ended December 31, 2024, were $2,585.7 million, after adjustments for constant shipping days and exchange rates[26] - Adjusted diluted earnings per share for the twelve months ended December 31, 2024, increased to $9.70 from $9.19 in 2023, representing a growth of 5.5%[23] Segment Performance - The Global Ceramic Segment's net sales increased by 1.5% as reported, with an operating margin of 3.4%[8] - Flooring North America Segment's net sales increased by 2.8% as reported, with an operating margin of 4.5%[10] - Global Ceramic segment adjusted operating income increased to $53.5 million, up from $48.0 million, marking a growth of 10.4%[30] - Flooring North America segment operating income fell to $42.2 million from $74.6 million, a decline of 43.4%[30] - Flooring ROW segment adjusted operating income decreased to $68.9 million from $74.6 million, a drop of 7.6%[31] Cash Flow and Liquidity - The company generated free cash flow of $680 million and repurchased 1.3 million shares for $161 million[7] - Net cash provided by operating activities for the three months ended December 31, 2024, was $397.0 million, an increase from $296.3 million in the same period of 2023[19] - Free cash flow for the twelve months ended December 31, 2024, was $679.5 million, compared to $716.3 million in 2023, reflecting a decrease of 5.5%[19] - The company ended 2024 with available liquidity of approximately $1.6 billion and a debt leverage of 1.1 times[7] Cost and Expenses - Selling, general and administrative expenses for the three months ended December 31, 2024, were $491.8 million, up from $473.6 million in 2023, reflecting an increase of 3.0%[29] - Adjusted operating income for Mohawk Consolidated was $159.8 million, down from $175.4 million year-over-year, representing a decrease of 8.9%[30] - Adjusted operating income as a percent of net sales for Mohawk Consolidated was 6.1%, down from 6.7% in the previous year[30] Tax and Liabilities - Income tax expense increased to $18.3 million from $14.2 million, an increase of 28.8%[33] - Adjusted income tax expense was $26.6 million, down from $33.9 million, a decrease of 21.5%[33] - Total liabilities reduced to $5,221.7 million as of December 31, 2024, down from $5,930.7 million in 2023, indicating a decrease of about 12%[21] Future Outlook - Restructuring actions are expected to generate annualized savings of approximately $285 million by 2026[11] - The first quarter adjusted EPS guidance is projected to be between $1.34 and $1.44, including an estimated impact of $0.35 due to system issues[12] - The U.S. dollar's strength is expected to negatively impact translated results in 2025[12]

Core Insights - Mohawk Industries reported fourth quarter 2024 net earnings of $93 million and earnings per share (EPS) of $1.48, with adjusted net earnings of $123 million and adjusted EPS of $1.95, reflecting a slight decrease in net sales compared to the previous year [1][2][3] - For the full year 2024, net earnings were $518 million with an EPS of $8.14, while adjusted net earnings were $617 million and adjusted EPS was $9.70, indicating a decrease in net sales of 2.7% compared to 2023 [2][3][4] Financial Performance - Fourth quarter net sales were $2.6 billion, unchanged from the previous year, but adjusted net sales decreased by 1.0% [1][2] - For the year ended December 31, 2024, net sales totaled $10.8 billion, down from $11.1 billion in 2023, primarily due to a net loss of $440 million in 2023 impacted by non-cash impairment charges [2][4] - The company generated free cash flow of $680 million and repurchased 1.3 million shares for $161 million, ending the year with liquidity of approximately $1.6 billion and a debt leverage of 1.1 times [5][6] Market Conditions - The fourth quarter reflected ongoing industry challenges, including limited consumer spending on large discretionary purchases and constrained consumer confidence due to inflation and economic uncertainty [4][5] - Home sales remained suppressed globally, with U.S. existing home sales at a 30-year low, and new home construction faced constraints from high costs and interest rates [4][5][10] - The company noted that while residential demand was soft, product introductions and marketing initiatives contributed positively to sales performance [3][4] Segment Performance - The Global Ceramic Segment saw a 1.5% increase in net sales, with an operating margin of 3.4% as reported [6][9] - The Flooring Rest of the World Segment experienced a 2.1% decrease in net sales, with an operating margin of 8.8% [7][9] - Flooring North America Segment's net sales increased by 2.8% as reported, but decreased by 0.5% on an adjusted basis, with an operating margin of 4.5% [9][10] Strategic Initiatives - The company initiated significant restructuring actions and operational improvements aimed at lowering costs, which are expected to yield annualized savings of approximately $285 million by 2026 [5][10] - Investments in innovative products and marketing strategies are being emphasized to stimulate sales amid competitive pressures [4][5][10] - The company is restructuring its Mexican ceramic business to enhance operational performance, projected to save around $20 million annually [10][11] Future Outlook - The company anticipates ongoing softness in markets during the first quarter of 2025 due to elevated interest rates and housing market weakness, with expected adjusted EPS between $1.34 and $1.44 [10][11] - Despite current challenges, the company remains confident in a future recovery of the flooring market, driven by increased home construction and remodeling needs [11][12]

Wall Street analysts forecast that Mohawk Industries (MHK) will report quarterly earnings of $1.88 per share in its upcoming release, pointing to a year-over-year decline of 4.1%. It is anticipated that revenues will amount to $2.57 billion, exhibiting a decline of 1.8% compared to the year-ago quarter.The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...

Mohawk Industries, Inc. (MHK) is scheduled to report results for the fourth quarter of 2024 on Feb. 6, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s adjusted earnings topped the Zacks Consensus Estimate and rose 6.6% year over year. Net sales beat the consensus estimate by 0.5% but decreased 1.7% from the year-ago level.MHK’s earnings surpassed expectations in each of the trailing four quarters, delivering an average sur ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Mohawk Industries (MHK) . This company, which is in the Zacks Textile - Home Furnishing industry, shows potential for another earnings beat.This flooring maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4.52%.For ...

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乔治亚州卡尔霍恩, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc.邀请您参加第四季度营收电话会议 乔治亚州卡尔霍恩，2025 年 1 月 7 日 (GLOBE NEWSWIRE) -- Mohawk Industries (NYSE: MHK) 将于 2 月 6 日星期四发布 2024 年第四季度营收，并诚邀您收听将于美国东部时间 2 月 7 日星期五上午 11:00 召开的直播电话会议。 内容：Mohawk Industries 第四季度营收电话会议 时间：2025 年 2 月 7 日 美国东部时间上午 11:00 网址：www.mohawkind.com 选择“投资者”标签 方式：网上实况直播——只需通过以上网址登录，或 注册参加电话会议：https://dpregister.com/sreg/10195645/fe39dbe57e 直播电话会议：拨打 1-833-630-1962（美国/加拿大） 拨打 1-412-317-1843（国际） 未能在指定时间收听的人士，可于 2025 年 3 月 7 日前拨打 1-877-344 ...

CALHOUN, Ga., Jan. 07, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries’ (NYSE: MHK) fourth quarter 2024 earnings release on Thursday, February 6, you are invited to listen to the conference call that will be broadcast live on Friday, February 7, at 11:00 am ET. What:Mohawk Industries’ Fourth Quarter Earnings Call When:February 7, 2025 11:00 am ET Where:www.mohawkind.com Select “Investors” tab How:Live over the Internet – Simply log on via the web at the address above or Register for the co ...