Mohawk Industries Reports Q3 Results [Financial Post (Toronto, Ontario, Canada)]
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: Financial Post
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. For the nine months ended September 28, 2024, net earnings and EPS were $425 million and $6.66, respectively; adjusted net earnings were $494 million, and adjusted EPS was $7.75. Net sales for the first nine months of 2024 were $8.2 billion, a decrease of 3.8
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News
- When Should You Buy Mohawk Industries, Inc. (NYSE:MHK)? [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Wells Fargo & Company from $140.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $146.00 to $141.00. 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 $185.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
MHK
Earnings
- 10/24/24 - Beat
MHK
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- MHK's page on the SEC website