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Mohawk(MHK) - 2024 Q1 - Earnings Call Presentation
2024-04-26 19:18
4 Flooring Rest of the World • Stores in Some Markets Operational Excellence • Engineer sustainable products • Lower energy & water utilization • Reduce, repurpose & recycle waste • Manage product circularity Three Decades of Expansion 1992-2000 2005 Established leading market positions in Australia/New Zealand flooring & Brazilian ceramic tile 2021-22 Expanded global sheet vinyl & carpet tile production & introduced U.S. quartz countertop manufacturing Boosted share in two major ceramic markets – Brazil & ...
Mohawk(MHK) - 2024 Q1 - Earnings Call Transcript
2024-04-26 19:18
John Lovallo John Lovallo Collin Verron James Brunk Chris Wellborn Collin Verron Operator James Brunk Jeff Lorberbaum I was speaking from a year-over-year perspective as well. Chris Wellborn I think the comment was the – our business is about flat. I don't think the market is. Jeff Lorberbaum Yes, like hospitality, the medical schools, those things have still been strong. Keith Hughes Our next question comes from Michael Rehaut from JPMorgan. Please go ahead with your question. James Brunk I mean one thing ...
Mohawk (MHK) Q1 Earnings Beat, Margins Rise, Q2 View Strong
Zacks Investment Research· 2024-04-26 18:05
Mohawk Industries, Inc. (MHK) reported impressive earnings in first-quarter 2024 (ended Mar 30). Its earnings surpassed the Zacks Consensus Estimate and improved from the prior year on the back of lower input costs, less restructuring expenses and productivity gains.Shares of this leading global flooring manufacturer inched up 0.2% in the after-hours trading session on Apr 25.On the other hand, net sales declined on a year-over-year basis but marginally beat the consensus mark.Despite the positive effect of ...
Mohawk Industries (MHK) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-25 23:31
Mohawk Industries (MHK) reported $2.68 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.5%. EPS of $1.86 for the same period compares to $1.75 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.67 billion, representing a surprise of +0.37%. The company delivered an EPS surprise of +9.41%, with the consensus EPS estimate being $1.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
Mohawk Industries (MHK) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-25 22:26
Mohawk Industries (MHK) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.41%. A quarter ago, it was expected that this flooring maker would post earnings of $1.85 per share when it actually produced earnings of $1.96, delivering a surprise of 5.95%.Over the last four quarters, the co ...
Mohawk(MHK) - 2024 Q1 - Quarterly Results
2024-04-25 20:14
NEWS RELEASE For Release: Immediately Contact: James Brunk, Chief Financial Officer (706) 624-2239 MOHAWK INDUSTRIES REPORTS Q1 RESULTS Calhoun, Georgia, April 25, 2024 — Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis v ...
Curious about Mohawk Industries (MHK) Q1 Performance? Explore Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-24 14:21
The upcoming report from Mohawk Industries (MHK) is expected to reveal quarterly earnings of $1.69 per share, indicating a decline of 3.4% compared to the year-ago period. Analysts forecast revenues of $2.69 billion, representing a decrease of 4.1% year over year.The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior t ...
Mohawk's (MHK) Q1 Earnings Likely to Decline: Factors to Note
Zacks Investment Research· 2024-04-23 18:45
Mohawk Industries, Inc. (MHK) is scheduled to report first-quarter 2024 results on Apr 25, after market close.In the last reported quarter, the company’s adjusted earnings topped the Zacks Consensus Estimate by 6% and increased 48.5% year over year. Net sales beat the consensus estimate by 1.3% but dropped 1.5% from the year-ago quarter’s levels.MHK’s earnings surpassed expectations in each of the trailing four quarters, with an average of 12.5%.Trend in Estimate RevisionThe Zacks Consensus Estimate for Moh ...
Mohawk Industries, Inc. 诚邀您参与 2024 年第一季度盈利网上电话会议
GlobeNewswire Inc.· 2024-04-06 17:43
佐治亚州,卡尔霍恩, April 07, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) 将于 2024 年 4 月 25 日星期四公布 2024 年第一季度盈利业绩。诚邀您收听将于 2024 年 4 月 26 日星期五上午 11:00(美国东部时间)现场网上广播的电话会议。 内容:Mohawk Industries, Inc. 2024 年第一季度盈利电话会议 时间:2024年4月26日 美国东部时间上午 11:00 网址:www.mohawkind.com 选择投资者信息 方式:直播网上广播 – 请浏览上述网址或 登记参与电话会议:https://dpregister.com/sreg/10188065/fc2a593c61 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) 关于 MOHAWK Mohawk Industries 是全球领先的地板制造商,致力于创造产品来提升全球住宅及商业空间。Mohawk 采用垂直整合生产和分销流程,为其地毯、地垫、瓷砖、复合地 ...
Mohawk(MHK) - 2023 Q4 - Annual Report
2024-02-23 22:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [Mark One] ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 01-13697 (Commission File Number) MOHAWK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) | Delaware | 52-1604305 | | --- | --- | | (Stat ...