Mohawk (MHK) Q1 Earnings Beat, Margins Rise, Q2 View Strong

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 ...