Mohawk Q3 Earnings Beat, Stock Declines on Low Sales & Tepid Q4 View

Mohawk Industries, Inc. (MHK) reported strong third-quarter 2024 results (ended Sept. 30). Its earnings surpassed the Zacks Consensus Estimate and improved from the prior year despite pricing pressures and a negative mix. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. On the other hand, net sales declined on a year-over-year basis but marginally beat the consensus mark. Mohawk noted that market conditions were slower than anticipated across the regions due to high interest rates, ...