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Stock impact report

Mohawk Industries (NYSE:MHK) Beats Q1 Sales Targets [Yahoo! Finance]

Mohawk Industries, Inc. (MHK) 
Last mohawk industries, inc. earnings: 2/13 04:10 pm Check Earnings Report
US:NYSE Investor Relations: mohawkind.com/corporateiroverview.aspx
Company Research Source: Yahoo! Finance
It made a non-GAAP profit of $1.86 per share, improving from its profit of $1.75 per share in the same quarter last year. Is now the time to buy Mohawk Industries? Find out in our full research report Mohawk Industries (MHK) Q1 CY2024 Highlights: Revenue: $2.68 billion vs analyst estimates of $2.64 billion (1.4% beat) EPS (non-GAAP): $1.86 vs analyst estimates of $1.68 (11% beat) Gross Margin (GAAP): 24.2%, up from 24% in the same quarter last year Free Cash Flow of $96.9 million, up 73.2% from the previous quarter Market Capitalization: $7.11 billion Commenting on the Company's first quarter results, Chairman and CEO Jeff Lorberbaum stated, “Though economic headwinds are impacting industry sales, margins and mix, our first quarter results reflected the positive effect of actions we are taking to enhance our performance. Our earnings per share rose year over year as a result of restructuring, productivity initiatives and benefits from lower cost raw materials and energ Show less Read more
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