Mohawk Industries, Inc. (MHK), headquartered in Calhoun, Georgia, designs, manufactures, sources, distributes, and markets flooring products for residential and commercial applications and new construction markets. Valued at $6.8 billion by market cap, the company offers a broad range of products, including ceramic and porcelain tiles, natural stone, carpets, rugs, laminate, luxury vinyl tile, sheet vinyl, wood flooring, and countertops. Shares of this flooring giant have underperformed the broader market ...

Core Viewpoint - Live Ventures Incorporated has reported a significant turnaround in the performance of its subsidiary, Flooring Liquidators, achieving positive EBITDA for four consecutive months and projecting record growth for Fiscal Year 2026 [1][2]. Group 1: Company Performance - Flooring Liquidators, acquired in fiscal year 2023, had faced 24 consecutive months of losses prior to the new leadership [2]. - The company achieved its first year-over-year revenue increase in July 2025, marking a pivotal recovery [2]. - Flooring Liquidators is projected to experience strong profitability and record growth in Fiscal Year 2026 [2]. Group 2: Leadership and Strategy - The turnaround is attributed to CEO Chris Nichols and his new leadership team, who implemented key initiatives to improve performance [2][3]. - Key initiatives include cost containment through automation, AI, and vendor-direct sourcing, which have enhanced operational efficiency [3]. - The company has improved delivery times to three days, a significant competitive advantage in the industry [4]. Group 3: Operational Improvements - Changes in inventory management have been made to address inefficiencies, such as optimizing delivery logistics [4]. - Individual store accountability has been enhanced, allowing for better oversight and performance comparison among stores [5]. - The product mix has been improved, with private label products increasing from 12% to 25% of total offerings, driving higher margins [5]. Group 4: Workforce and Culture - The success of the turnaround is also credited to the talent and dedication of Flooring Liquidators' workforce and management team [5]. - The company emphasizes the importance of professional services and expertise in driving sales, highlighting the role of its employees in the recovery [5]. Group 5: Future Outlook - Live Ventures plans aggressive expansion for Flooring Liquidators, with the potential for over one hundred new stores in the coming decade [5].