Why Mohawk Industries (MHK) Stock Is Trading Up Today [Yahoo! Finance]
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: Yahoo! Finance
Both adjusted EBITDA and EPS beat in the quarter, showing that profitability is strong. Mohawk Industries provided an optimistic earnings forecast for the next quarter, which exceeded analysts' expectations. Despite a challenging market environment driven by higher interest rates and consumers' deferral of home remodeling and improvement projects, the market seems to be cheering the company's restructuring actions. "To reduce costs and align our business with current conditions, we are initiating additional restructuring actions that will generate annualized savings of $100 million, of which $20-$25 million will be recognized this year. The cash cost of these actions is about $40 million, with a total cost of approximately $130 million." Overall, this was a really good quarter that should please shareholders. Is now the time to buy Mohawk Industries? Access our full analysis report here, it's free What is the market telling us: Mohawk Industries's shares are quite volatile and o
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MHK
News
- Solid Earnings Results and Increased Guidance Lifted Mohawk Industries (MHK) [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. Invites You to Join the Third Quarter 2024 Earnings Conference CallGlobeNewswire
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at Jefferies Financial Group Inc. from $150.00 to $160.00. They now have a "hold" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) was upgraded by analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating. They now have a $160.00 price target on the stock, up previously from $140.00.MarketBeat
- S&P 500 Logs Best Quarter Since Q4 2021: 5 Top Stocks in ETF [Yahoo! Finance]Yahoo! Finance
MHK
Earnings
- 7/25/24 - Beat
MHK
Sec Filings
- 9/17/24 - Form 3
- 9/11/24 - Form 4
- 9/9/24 - Form 144
- MHK's page on the SEC website