| Mohawk Industries: Reiterate Hold Rating As Demand Outlook Remains Poor |
I maintain a hold rating on Mohawk Industries due to market softness, pricing pressure, and declining consumer confidence impacting demand. MHK reported a 5.7% y/y decrease in net sales, with mixed segment performance and a consolidated adj. EBIT margin drop to 4.8%. Persistent pricing pressure and competitive market conditions constrain MHK's margin expansion, despite potential tariff-related price hikes. |
seekingalpha.com |
2025-05-08 11:43:06 |
Czytaj oryginał (ang.) |
| Mohawk Industries, Inc. (MHK) Q1 2025 Earnings Call Transcript |
Mohawk Industries, Inc. (NYSE:MHK ) Q1 2025 Earnings Conference Call May 2, 2025 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman and Chief Executive Officer Paul De Cock - President and Chief Operating Officer Conference Call Participants John Lovallo - UBS Matthew Bouley - Barclays Investment Bank Rafe Jadrosich - Bank of America Susan Maklari - Goldman Sachs Collin Verron - Deutsche Bank Keith Hughes - Truist Tim Wojs - Baird Adam Baumgarten - Zelman Brian Biros - Thompson Research Group Michael Rehaut - JPMorgan Stephen Kim - Evercore Trevor Allinson - Wolfe Research Phil Ng - Jefferies Laura Champine - Loop Capital Mike Dahl - RBC Capital Markets Operator Good morning, everyone, and welcome to the Mohawk Industries First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode. |
seekingalpha.com |
2025-05-03 01:57:59 |
Czytaj oryginał (ang.) |
| Mohawk's Q1 Earnings Beat Estimates, Revenues Lag, Both Down Y/Y |
MHK's first-quarter 2025 results reflect productivity gains and cost control efforts, offset by weaker market conditions. |
zacks.com |
2025-05-02 16:41:17 |
Czytaj oryginał (ang.) |
| Here's What Key Metrics Tell Us About Mohawk Industries (MHK) Q1 Earnings |
The headline numbers for Mohawk Industries (MHK) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-05-01 23:06:16 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Tops Q1 Earnings Estimates |
Mohawk Industries (MHK) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.86 per share a year ago. |
zacks.com |
2025-05-01 22:30:51 |
Czytaj oryginał (ang.) |
| Mohawk Industries Reports Q1 Results |
CALHOUN, Georgia, May 01, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2025 net earnings of $73 million and earnings per share (“EPS”) of $1.15; adjusted net earnings were $96 million, and adjusted EPS was $1.52. Net sales for the first quarter of 2025 were $2.5 billion, a decrease of 5.7% as reported and a decrease of 0.7% adjusted for constant days and exchange rates versus the prior year. During the first quarter of 2024, the Company reported net sales of $2.7 billion, net earnings of $105 million and earnings per share of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. |
globenewswire.com |
2025-05-01 20:15:00 |
Czytaj oryginał (ang.) |
| Mohawk to Report Q1 Earnings: What's in the Cards for the Stock? |
MHK's first-quarter 2025 results are likely to reflect a declining sales trend due to a softer residential market. That said, restructuring actions and cost-saving efforts bode well. |
zacks.com |
2025-04-30 19:35:33 |
Czytaj oryginał (ang.) |
| Mohawk Industries: Cheap, But Not Cheap Enough Today |
Mohawk Industries has seen significant stock decline and operational deterioration, despite restructuring efforts, making it a 'hold' candidate for now. Revenue dropped from $11.74 billion in 2022 to $10.84 billion in 2024, driven by lower legacy sales volume and pricing changes. Cost-cutting initiatives have improved adjusted net income and operating cash flow, but trade wars and tariffs pose significant risks. |
seekingalpha.com |
2025-04-28 05:29:24 |
Czytaj oryginał (ang.) |
| Earnings Preview: Mohawk Industries (MHK) Q1 Earnings Expected to Decline |
Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-24 15:06:18 |
Czytaj oryginał (ang.) |
| From juice to jewellery: which U.S. goods will EU hit with tariffs? |
The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump's steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports. |
reuters.com |
2025-04-09 15:12:33 |
Czytaj oryginał (ang.) |
| What Building Product Companies Are Better Positioned During Tariff Turbulence? BofA Securities Weighs In |
BofA Securities analyst Rafe Jadrosich writes that the building product companies may encounter significant headwinds from tariffs, though the full impact remains uncertain. |
benzinga.com |
2025-04-08 17:57:18 |
Czytaj oryginał (ang.) |
| Mohawk Industries, Inc. Invites You to Join its First Quarter Earnings Conference Call |
CALHOUN, Ga., April 04, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries' (NYSE: MHK) First Quarter 2025 earnings release on Thursday, May 1, 2025, you are invited to listen to the conference call that will be broadcast live on Friday, May 2, 2025, at 11:00 am ET. |
globenewswire.com |
2025-04-04 23:02:00 |
Czytaj oryginał (ang.) |
| Mohawk Industries: Downgrade To Hold Due To Stubbornly High Mortgage Rates |
I have downgraded Mohawk Industries to a hold rating due to persistently high mortgage rates and weaker-than-expected housing activity. Trump's administration introduces additional risks, including currency and tariff uncertainties, impacting MHK's earnings and cost structure. Until there are clearer signs of a housing market recovery, I recommend a hold rating due to limited near-term upside and valuation concerns. |
seekingalpha.com |
2025-02-13 00:13:12 |
Czytaj oryginał (ang.) |
| Mohawk Industries, Inc. (MHK) Q4 2024 Earnings Call Transcript |
Mohawk Industries, Inc. (NYSE:MHK ) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman and CEO Christopher Wellborn - Vice Chairman Conference Call Participants Trevor Allinson - Wolfe Research Mike Dahl - RBC Capital Markets Eric Bosshard - Cleveland Research Susan Maklari - Goldman Sachs Stephen Kim - Evercore ISI Sam Reid - Wells Fargo Keith Hughes - Truist Michael Rehaut - JPMorgan Tim Wojs - Baird John Lovallo - UBS Phil Ng - Jefferies Laura Champine - Loop Capital Operator Good day, and welcome to the Mohawk Industries Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. |
seekingalpha.com |
2025-02-07 16:31:10 |
Czytaj oryginał (ang.) |
| Mohawk's Q4 Earnings & Sales Beat, Adjusted Gross Margin Down Y/Y |
MHK's fourth-quarter 2024 results reflect benefits from restructuring and productivity initiatives. Click away to know more about the stock's performance. |
zacks.com |
2025-02-07 14:35:31 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates |
While the top- and bottom-line numbers for Mohawk Industries (MHK) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-02-06 21:01:30 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Tops Q4 Earnings and Revenue Estimates |
Mohawk Industries (MHK) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.96 per share a year ago. |
zacks.com |
2025-02-06 20:30:32 |
Czytaj oryginał (ang.) |
| Mohawk Industries Reports Q4 Results |
CALHOUN, Ga., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced fourth quarter 2024 net earnings of $93 million and earnings per share (“EPS”) of $1.48; adjusted net earnings were $123 million, and adjusted EPS was $1.95. Net sales for the fourth quarter of 2024 were $2.6 billion, an increase of 1.0% as reported and a decrease of 1.0% on an adjusted basis versus the prior year. During the fourth quarter of 2023, the Company reported net sales of $2.6 billion, net earnings of $140 million and earnings per share of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96. |
globenewswire.com |
2025-02-06 18:10:00 |
Czytaj oryginał (ang.) |
| Curious about Mohawk Industries (MHK) Q4 Performance? Explore Wall Street Estimates for Key Metrics |
Evaluate the expected performance of Mohawk Industries (MHK) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight. |
zacks.com |
2025-02-05 12:21:46 |
Czytaj oryginał (ang.) |
| Mohawk's Q4 Earnings Preview: What Could Drive the Results? |
MHK's fourth-quarter 2024 results are likely to reflect a declining sales trend due to a softer residential market. That said, restructuring actions and cost-saving efforts bode well. |
zacks.com |
2025-02-03 15:00:42 |
Czytaj oryginał (ang.) |
| Why Mohawk Industries (MHK) Could Beat Earnings Estimates Again |
Mohawk Industries (MHK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2025-01-30 15:11:07 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Expected to Beat Earnings Estimates: Should You Buy? |
Mohawk Industries (MHK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-01-30 13:06:51 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) is a Top-Ranked Value Stock: Should You Buy? |
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. |
zacks.com |
2025-01-30 12:41:19 |
Czytaj oryginał (ang.) |
| Mohawk Industries: Sitting On The Sidelines As Earnings Get Closer |
Mohawk Industries' revenue is declining, and analysts expect further drops in both revenue and profits for the final quarter of the 2024 fiscal year. Despite cost-cutting initiatives showing some positive results, the overall economic conditions and consumer spending trends are unfavorable for Mohawk Industries. The company's stock is attractively priced compared to peers, but the continued decline in revenue and potential economic downturn warrant a cautious 'hold' rating. |
seekingalpha.com |
2025-01-20 10:55:57 |
Czytaj oryginał (ang.) |
| Here's Why Mohawk Industries (MHK) is a Strong Momentum Stock |
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. |
zacks.com |
2025-01-16 12:51:09 |
Czytaj oryginał (ang.) |
| Here's Why Mohawk Industries (MHK) is a Strong Value Stock |
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. |
zacks.com |
2025-01-14 12:40:23 |
Czytaj oryginał (ang.) |
| Mohawk Industries, Inc. Invites You to Join its Fourth Quarter Earnings Conference Call |
CALHOUN, Ga., Jan. 07, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries' (NYSE: MHK) fourth quarter 2024 earnings release on Thursday, February 6, you are invited to listen to the conference call that will be broadcast live on Friday, February 7, at 11:00 am ET. |
globenewswire.com |
2025-01-07 13:27:00 |
Czytaj oryginał (ang.) |
| Mohawk Industries Announces Leadership Succession |
CALHOUN, Ga., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the planned retirement of Chris Wellborn, President and Chief Operating Officer and the promotion of Paul De Cock to succeed Mr. Wellborn effective February 1, 2025. The Company also announced that Ken Walma is joining the organization and will succeed Mr. De Cock as President of the Flooring North America Segment on February 1, 2025, after acquiring comprehensive knowledge of the Company's operations. Following his retirement, Mr. Wellborn will serve as Vice Chair of Mohawk's Board of Directors and assist with these leadership transitions. |
globenewswire.com |
2024-11-06 18:10:00 |
Czytaj oryginał (ang.) |
| Friday's big stock stories: What's likely to move the market in the next trading session |
Stocks fell broadly during Thursday's session to close out October. Here's what CNBC is watching going into Friday. |
cnbc.com |
2024-10-31 21:07:10 |
Czytaj oryginał (ang.) |
| These Analysts Cut Their Forecasts On Mohawk Industries After Q3 Results |
Mohawk Industries, Inc. MHK reported better-than-expected results for its third quarter, after the closing bell on Thursday. |
benzinga.com |
2024-10-28 12:59:30 |
Czytaj oryginał (ang.) |
| Mohawk Industries: Remain Confident That Earnings Growth Can Inflect In FY25 |
I maintain a buy rating for Mohawk Industries (MHK) due to expected earnings growth in FY25 as mortgage rates decline and consumer confidence improves. Despite a 1.7% revenue decline in 3Q24, solid cost control led to a 3.7% y/y adj EBITDA growth and improved adj EPS. Market concerns over weak 4Q24 guidance and near-term margin headwinds are transitory; demand recovery and cost optimizations should drive strong earnings growth in FY25. |
seekingalpha.com |
2024-10-27 04:14:36 |
Czytaj oryginał (ang.) |
| Mohawk Industries: Looking For A Floor |
Shares of Mohawk Industries found a floor around $100 in 2023 as the largest interest rate scares ended during the year. Mohawk, the world's largest flooring company, has returned to earnings growth this year, but might end the year on a softer note. Long-term fundamentals remain strong, with potential for earnings to surpass $10 per share and further growth anticipated in 2025, making current prices appealing. |
seekingalpha.com |
2024-10-26 09:40:41 |
Czytaj oryginał (ang.) |
| Mohawk Industries, Inc. (MHK) Q3 2024 Earnings Call Transcript |
Mohawk Industries, Inc. (NYSE:MHK ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO Christopher Wellborn - President, COO & Director Conference Call Participants Timothy Wojs - Baird John Lovallo - UBS Susan Maklari - Goldman Sachs Matthew Bouley - Barclays Phil Ng - Jefferies Laura Champine - Loop Capital Keith Hughes - Truist Securities Andrew Azzi - JPMorgan Adam Baumgarten - Zelman & Associates Eric Bosshard - Cleveland Research Stephen Kim - Evercore ISI Trevor Allinson - Wolf Research Samuel Reid - Wells Fargo Operator Good day, and welcome to the Mohawk Industries Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. |
seekingalpha.com |
2024-10-26 04:13:05 |
Czytaj oryginał (ang.) |
| S&P 500 Gains and Losses Today: Hospital Operators HCA, UHS Fall After Earnings |
Major U.S. equities indexes were mixed on the final day of trading in a week dominated by a steady flow of earnings reports as well as increasing questions about how quickly the Federal Reserve will proceed with interest-rate reductions. |
investopedia.com |
2024-10-25 21:25:54 |
Czytaj oryginał (ang.) |
| Mohawk Q3 Earnings Beat, Stock Declines on Low Sales & Tepid Q4 View |
MHK's third-quarter results reflect lower net sales due to continued market conditions. |
zacks.com |
2024-10-25 17:46:17 |
Czytaj oryginał (ang.) |
| Mohawk Is Worst-Performing Stock in the S&P 500 on Friday. Here's Why. |
Mohawk Industries CEO Jeff Lorberbaum says consumer confidence and discretionary spending have been hit by ‘global conflicts, political uncertainty and inflation.' |
barrons.com |
2024-10-25 15:14:00 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates |
Although the revenue and EPS for Mohawk Industries (MHK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-10-24 23:01:07 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Q3 Earnings and Revenues Beat Estimates |
Mohawk Industries (MHK) came out with quarterly earnings of $2.90 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.72 per share a year ago. |
zacks.com |
2024-10-24 22:25:49 |
Czytaj oryginał (ang.) |
| Mohawk Industries Reports Q3 Results |
CALHOUN, Ga., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced third quarter 2024 net earnings of $162 million and earnings per share (“EPS”) of $2.55; adjusted net earnings were $184 million, and adjusted EPS was $2.90. Net sales for the third quarter of 2024 were $2.7 billion, a decrease of 1.7% as reported and 2.1% on an adjusted basis versus the prior year. During the third quarter of 2023, the Company reported net sales of $2.8 billion, a net loss of $760 million and a loss per share of $11.94; adjusted net earnings were $174 million, and adjusted EPS was $2.72. The Company's prior-year earnings were impacted by non-cash impairment charges of $876 million in the third quarter of 2023. |
globenewswire.com |
2024-10-24 20:10:00 |
Czytaj oryginał (ang.) |
| Can Mohawk Industries (MHK) Keep the Earnings Surprise Streak Alive? |
Mohawk Industries (MHK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2024-10-22 17:16:24 |
Czytaj oryginał (ang.) |
| MHK to Report Q3 Earnings: Here's What You Need to Know |
Mohawk's third-quarter 2024 results are likely to reflect a declining sales trend due to a softer residential market. That said, restructuring actions bode well. |
zacks.com |
2024-10-22 14:20:55 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates |
Beyond analysts' top -and-bottom-line estimates for Mohawk Industries (MHK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024. |
zacks.com |
2024-10-21 14:20:59 |
Czytaj oryginał (ang.) |
| Are Consumer Discretionary Stocks Lagging Mohawk Industries (MHK) This Year? |
Here is how Mohawk Industries (MHK) and Crocs (CROX) have performed compared to their sector so far this year. |
zacks.com |
2024-10-16 14:41:11 |
Czytaj oryginał (ang.) |
| Mohawk Industries, Inc. Invites You to Join the Third Quarter 2024 Earnings Conference Call |
CALHOUN, Ga., Oct. 10, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Third Quarter 2024 earnings release on Thursday, October 24, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, October 25, 2024, at 11:00 am ET. |
globenewswire.com |
2024-10-10 20:10:00 |
Czytaj oryginał (ang.) |
| Why Mohawk Industries (MHK) is a Top Value Stock for the Long-Term |
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. |
zacks.com |
2024-10-08 14:45:46 |
Czytaj oryginał (ang.) |
| Mohawk Industries (MHK) Is Up 0.77% in One Week: What You Should Know |
Does Mohawk Industries (MHK) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-10-07 17:01:42 |
Czytaj oryginał (ang.) |
| Jim Cramer analyzes the top performers of Q3 |
'Mad Money' host Jim Cramer looks back at the third quarter's top performers. |
youtube.com |
2024-10-01 23:55:16 |
Czytaj oryginał (ang.) |