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 |
|---|---|---|---|
| 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 |
| 10/17/2023 | $85.00 | Underweight | Wells Fargo |
| 4/11/2023 | $115.00 | Hold → Buy | Loop Capital |
| 10/18/2022 | $140.00 → $100.00 | Neutral → Underperform | BofA Securities |
8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
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8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
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11-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
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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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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, 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. 08, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced fourth quarter 2023 net earnings of $139 million and earnings per share ("EPS") of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96. Net sales for the fourth quarter of 2023 were $2.6 billion, a decrease of 1.4% as reported and 4.1% on a legacy and constant basis versus the prior year. During the fourth quarter of 2022, the Company reported net sales of $2.7 billion, net earnings of $33 million and EPS of $0.52; adjusted net earnings were $84 million, and adjusted EPS was $1.32. For the twelve months ending December 31, 2023, the Company reported a net loss of $44
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
Wells Fargo initiated coverage of Mohawk with a rating of Underweight and set a new price target of $85.00
Loop Capital upgraded Mohawk from Hold to Buy and set a new price target of $115.00
BofA Securities downgraded Mohawk from Neutral to Underperform and set a new price target of $100.00 from $140.00 previously
Barclays analyst Matthew Bouley maintains Mohawk Industries (NYSE:MHK) with a Equal-Weight and lowers the price target from $120 to $118.
In the last three months, 7 analysts have published ratings on Mohawk Industries (NYSE:MHK), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 3 0 0 Analysts have recently evaluated Mohawk Industries and provided 12-month price targets. The average target is $128.86, accompanied by a high estimate of $140.00 and a low estimate of $108.00. This up
Truist Securities analyst Keith Hughes maintains Mohawk Industries (NYSE:MHK) with a Buy and lowers the price target from $140 to $135.
Mohawk Industries's (NYSE:MHK) short percent of float has risen 8.46% since its last report. The company recently reported that it has 1.90 million shares sold short, which is 3.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.97 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Across the recent three months, 6 analysts have shared their insights on Mohawk Industries (NYSE:MHK), expressing a variety of opinions spanning from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 3 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $127.83, a high estimate of $140.00, and a low estimate of $108.00. Witnessing a pos
Raymond James analyst Sam Darkatsh upgrades Mohawk Industries (NYSE:MHK) from Market Perform to Strong Buy and announces $140 price target.
JP Morgan analyst Michael Rehaut maintains Mohawk Industries (NYSE:MHK) with a Neutral and raises the price target from $122 to $124.
Loop Capital analyst Laura Champine maintains Mohawk Industries (NYSE:MHK) with a Buy and lowers the price target from $140 to $135.
Barclays analyst Matthew Bouley maintains Mohawk Industries (NYSE:MHK) with a Equal-Weight and lowers the price target from $122 to $120.
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. 08, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced fourth quarter 2023 net earnings of $139 million and earnings per share ("EPS") of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96. Net sales for the fourth quarter of 2023 were $2.6 billion, a decrease of 1.4% as reported and 4.1% on a legacy and constant basis versus the prior year. During the fourth quarter of 2022, the Company reported net sales of $2.7 billion, net earnings of $33 million and EPS of $0.52; adjusted net earnings were $84 million, and adjusted EPS was $1.32. For the twelve months ending December 31, 2023, the Company reported a net loss of $44
CALHOUN, Ga., Jan. 08, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE:MHK) Fourth Quarter 2023 earnings release on Thursday, February 8, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, February 9, 2024, at 11:00 am ET. What: Mohawk Industries, Inc. 4th Quarter 2023 Earnings Call When: February 9, 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/10185489/fb57257e00 Live Conference Call: Dial 1-833-630-1962 (US/Canada)
CALHOUN, Ga., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced a third quarter 2023 net loss of $760 million and a loss per share of $11.94 with the impact of non-cash impairment charges of $876 million. The Company's current market capitalization along with continued challenging macroeconomic conditions and higher discount rates prompted a review of its goodwill and intangible asset balances, which resulted in the impairment charges. Adjusted net earnings were $174 million, and adjusted earnings per share ("EPS") were $2.72, excluding impairment and other non-recurring charges. Net sales for the third quarter of 2023 were $2.8 billion, a decrease of 5.2
CALHOUN, Ga., Oct. 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE:MHK) Third Quarter 2023 earnings release on Thursday, October 26, 2023, you are invited to listen to the conference call that will be broadcast live on Friday, October 27, 2023, at 11:00 am ET. What:Mohawk Industries, Inc. 3rd Quarter 2023 Earnings CallWhen:October 27, 2023 11:00 am ETWhere:www.mohawkind.comSelect Investor InformationHow: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/4129026795/18d03660587a8 Live Conference Call: Dial 1-833-630-1962 (US/Canada) Dial 1