Mohawk Industries Reports Q1 Results
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
Company Research
Source: GlobeNewswire
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 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 f
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News
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $124.00. They now have a "neutral" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE:MHK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $122.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Loop Capital from $140.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at Truist Financial Co. from $127.00 to $140.00. They now have a "buy" rating on the stock.MarketBeat
MHK
Earnings
- 4/25/24 - Beat
MHK
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- MHK's page on the SEC website