Union Square Park Sells Mohawk Industries Stock

Company Overview - Mohawk Industries, Inc. offers a wide range of flooring products for both residential and commercial markets globally, distributing to customers in the United States, Europe, Russia, and other international markets [6][9] - The company operates a vertically integrated business model, generating revenue through product sales to residential and commercial construction, remodeling, and renovation markets worldwide [9] Financial Performance - For the trailing twelve months (TTM), Mohawk Industries reported revenue of $10.8 billion and a net income of $369.9 million [4] - As of February 13, 2026, the company's market capitalization was $8.2 billion, with shares priced at $132.60, reflecting a 9.6% increase over the last year, although it lagged the S&P 500 by 2.2 percentage points [4][8] Recent Developments - Union Square Park Capital Management, LLC sold its entire 40,000-share position in Mohawk Industries during the fourth quarter, which was valued at $5.1 million, representing 1.8% of the fund's reported assets [2][10] - The liquidation of the stake follows a period where Mohawk shares have struggled to find growth in a weak housing market, with the stock currently 62% off its previous peak [10] - Mohawk's adjusted revenue was down 3% year over year in the last quarter, and management indicated that market conditions in the first quarter are expected to be similar to those in the fourth quarter, although they anticipate improvements in the economies of most markets where they operate [11]