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Mohawk Industries, Inc. (MHK) Q4 2023 Earnings Call Transcript
Mohawk's (MHK) fourth-quarter 2023 results reflect low input costs, cost-reducing initiatives and productivity benefits, partially offset by low contributions from Flooring North America and Flooring Rest of the World segments.
Although the revenue and EPS for Mohawk Industries (MHK) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Mohawk Industries' (MHK) fourth-quarter results are most likely to reflect significant inflationary pressure and moderate housing demand.
Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
Mohawk Industries operates in a U.S. duopoly through past roll-up acquisitions. They are now directing this strategy towards emerging markets. The company has bought back 15% of its shares since 2017 and has a strong balance sheet and high liquidity. It never had negative OCF in the past three decades. Mohawk's management has initiated cost-reduction measures and investments to increase efficiency.
Mohawk Industries, Inc. (NYSE:MHK ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman and CEO Chris Wellborn - President and COO Conference Call Participants Matthew Bouley - Barclays John Lovallo - UBS Joe Ahlersmeyer - Deutsche Bank Susan Maklari - Goldman Sachs Stephen Kim - Evercore Keith Hughes - Truist Phil Ng - Jefferies Andrew Harvey - JPMorgan Adam Baumgarten - Zelman Kathryn Thompson - Thompson Research Group Truman Patterson - Wolfe Research Laura Champine - Loop Capital Eric Bouchard - Cleveland Research Rafe Jadrosich - Bank of America Operator Good morning, everyone. My name is Jamie, and I will be your conference operator today.
Mohawk Industries' (MHK) third-quarter results reflect inflationary pressure and lower volume.