Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides hardwood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Balterio, Feltex, Godfrey Hirst, Hycraft, IVC, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia.
IPO Year:
Exchange: NYSE
Website: mohawkind.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2025 | $121.00 | Hold | Deutsche Bank |
| 1/10/2025 | $161.00 | Neutral → Overweight | Analyst |
| 1/8/2025 | $150.00 | Peer Perform → Outperform | Wolfe Research |
| 10/21/2024 | $160.00 → $196.00 | Neutral → Outperform | Robert W. Baird |
| 10/7/2024 | $140.00 → $160.00 | Underweight → Equal Weight | Wells Fargo |
| 7/26/2024 | $120.00 → $177.00 | Underperform → Buy | BofA Securities |
| 6/10/2024 | $140.00 | Mkt Perform → Strong Buy | Raymond James |
| 2/12/2024 | $98.00 → $152.00 | Hold → Buy | Deutsche Bank |
| 1/12/2024 | $80.00 → $101.00 | Underperform → Sector Perform | RBC Capital Mkts |
| 12/13/2023 | $80.00 → $100.00 | Underweight → Equal Weight | Barclays |
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8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
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. Commenting on the Company's first quarter, C
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. What: Mohawk Industries' First Quarter Earnings Call When: May 2, 2025 11:00 am ET Where: www.mohawkind.com Select "Investors" tab How: Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10198186/feca56553a Live Conference Call:Dial 1-833-630-1962 (U.S./Canada) Dial 1-412-317-1843 (International) For those unab
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. For the year ended December 31, 2024, net earnings and EPS were $51
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. What:Mohawk Industries' Fourth Quarter Earnings Call When:February 7, 2025 11:00 am ET Where:www.mohawkind.com Select "Investors" tab How:Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10195645/fe39dbe57e Live Conference Call: Dial 1-833-630-1962 (U.S./Canada) Dial 1-412-317-1843 (I
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. "A strong organization requires effective successio
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 m
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. What:Mohawk Industries, Inc. 3rd Quarter 2024 Earnings Call When:October 25, 2024 11:00 am ET Where: www.mohawkind.com Select "Investor Information" How:Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10193716/fdbc8887b0 Live Conference Call:Dial 1-833-630-1962 (US/Canada) Dial 1-412-317-1843 (I
CALHOUN, Ga., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced the promotion of Mauro Vandini as President of the Company's Global Ceramic Segment, effective September 15, 2024. Vandini will also maintain his present role as President of Mohawk's European Ceramic business with the support of his talented team. "I have worked with Mauro since 2013, following the Marazzi acquisition, and I respect his deep knowledge of ceramic manufacturing, sales and marketing and his ability to drive improvements in all areas of the business," said Jeff Lorberbaum, Mohawk's Chairman and Chief Executive Officer. "Since we acquired Dal-Tile in 2002, Mohawk has become the
CALHOUN, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced second quarter 2024 net earnings of $157 million and earnings per share ("EPS") of $2.46; adjusted net earnings were $192 million, and adjusted EPS was $3.00. Net sales for the second quarter of 2024 were $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis versus the prior year. During the second quarter of 2023, the Company reported net sales of $3.0 billion, net earnings of $101 million and EPS of $1.58; adjusted net earnings were $176 million, and adjusted EPS was $2.76. For the six months ended June 29, 2024, net earnings and EPS were $262 million and $4.10, respec
CALHOUN, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today published its 15th annual impact report, Surfaces with Purpose, which documents the Company's 2023 progress toward its sustainability goals and shares activities from around the globe that reflect Mohawk's commitment to people and the planet. "Sustainability is more than a good philosophy; it is good business," said Chairman and Chief Executive Officer Jeff Lorberbaum. "Our business is dedicated to delivering results for our investors, customers, employees and communities. Our products are manufactured utilizing sustainable practices that help to lower our carbon footprint, conserve resources and inco
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. Commenting on the Company's first quarter, C
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. What: Mohawk Industries' First Quarter Earnings Call When: May 2, 2025 11:00 am ET Where: www.mohawkind.com Select "Investors" tab How: Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10198186/feca56553a Live Conference Call:Dial 1-833-630-1962 (U.S./Canada) Dial 1-412-317-1843 (International) For those unab
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. For the year ended December 31, 2024, net earnings and EPS were $51
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. What:Mohawk Industries' Fourth Quarter Earnings Call When:February 7, 2025 11:00 am ET Where:www.mohawkind.com Select "Investors" tab How:Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10195645/fe39dbe57e Live Conference Call: Dial 1-833-630-1962 (U.S./Canada) Dial 1-412-317-1843 (I
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 m
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. What:Mohawk Industries, Inc. 3rd Quarter 2024 Earnings Call When:October 25, 2024 11:00 am ET Where: www.mohawkind.com Select "Investor Information" How:Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10193716/fdbc8887b0 Live Conference Call:Dial 1-833-630-1962 (US/Canada) Dial 1-412-317-1843 (I
CALHOUN, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced second quarter 2024 net earnings of $157 million and earnings per share ("EPS") of $2.46; adjusted net earnings were $192 million, and adjusted EPS was $3.00. Net sales for the second quarter of 2024 were $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis versus the prior year. During the second quarter of 2023, the Company reported net sales of $3.0 billion, net earnings of $101 million and EPS of $1.58; adjusted net earnings were $176 million, and adjusted EPS was $2.76. For the six months ended June 29, 2024, net earnings and EPS were $262 million and $4.10, respec
CALHOUN, Ga., June 28, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE:MHK) Second Quarter 2024 earnings release on Thursday, July 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, July 26, 2024, at 11:00 am ET. What: Mohawk Industries, Inc. 2nd Quarter 2024 Earnings Call When: July 26, 2024 11:00 am ET Where: www.mohawkind.com Select "Investor Information" How: Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10190272/fceb831600 Live Conference Call: Dial 1-833-630-1962 (US/Canada) Dial 1-412-317-1843 (I
CALHOUN, Ga., April 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share ("EPS") of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis versus the prior year. During the first quarter of 2023, the Company reported net sales of $2.8 billion, net earnings of $80 million and EPS of $1.26; adjusted net earnings were $112 million, and adjusted EPS was $1.75. Commenting on the Company's first quarter results, Chairman and CEO Jeff Lorberbaum state
CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE:MHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET. What:Mohawk Industries, Inc. 1st Quarter 2024 Earnings Call When:April 26, 2024 11:00 am ET Where:www.mohawkind.com Select Investor Information How:Live over the Internet – Simply log on to the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10188065/fc2a593c61 Live Conference Call:Dial 1-833-630-1962 (US/Canada) Dial 1-412-317-1843 (
CALHOUN, Ga., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the appointment of James F. Brunk as chief financial officer, effective April 1, 2021. “I have worked with Jim for many years, and I am confident that he will do an excellent job as our chief financial officer,” said Jeff Lorberbaum, Mohawk’s chairman and chief executive officer. “He has a deep understanding of our global operations and will positively influence our performance. His expertise in financial planning and analysis, mergers and acquisitions, accounting and investor relations has been exhibited throughout his three-decade career.” Since May 2009, Brunk, 55, has served as Mohawk’
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Deutsche Bank initiated coverage of Mohawk with a rating of Hold and set a new price target of $121.00
Analyst upgraded Mohawk from Neutral to Overweight and set a new price target of $161.00
Wolfe Research upgraded Mohawk from Peer Perform to Outperform and set a new price target of $150.00
Robert W. Baird upgraded Mohawk from Neutral to Outperform and set a new price target of $196.00 from $160.00 previously
Wells Fargo upgraded Mohawk from Underweight to Equal Weight and set a new price target of $160.00 from $140.00 previously
BofA Securities upgraded Mohawk from Underperform to Buy and set a new price target of $177.00 from $120.00 previously
Raymond James upgraded Mohawk from Mkt Perform to Strong Buy and set a new price target of $140.00
Deutsche Bank upgraded Mohawk from Hold to Buy and set a new price target of $152.00 from $98.00 previously
RBC Capital Mkts upgraded Mohawk from Underperform to Sector Perform and set a new price target of $101.00 from $80.00 previously
Barclays upgraded Mohawk from Underweight to Equal Weight and set a new price target of $100.00 from $80.00 previously