MHK Stock Recent News

The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump's steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports.

BofA Securities analyst Rafe Jadrosich writes that the building product companies may encounter significant headwinds from tariffs, though the full impact remains uncertain.

CALHOUN, Ga., April 04, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries' (NYSE: MHK) First Quarter 2025 earnings release on Thursday, May 1, 2025, you are invited to listen to the conference call that will be broadcast live on Friday, May 2, 2025, at 11:00 am ET.

I have downgraded Mohawk Industries to a hold rating due to persistently high mortgage rates and weaker-than-expected housing activity. Trump's administration introduces additional risks, including currency and tariff uncertainties, impacting MHK's earnings and cost structure. Until there are clearer signs of a housing market recovery, I recommend a hold rating due to limited near-term upside and valuation concerns.

Mohawk Industries, Inc. (NYSE:MHK ) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman and CEO Christopher Wellborn - Vice Chairman Conference Call Participants Trevor Allinson - Wolfe Research Mike Dahl - RBC Capital Markets Eric Bosshard - Cleveland Research Susan Maklari - Goldman Sachs Stephen Kim - Evercore ISI Sam Reid - Wells Fargo Keith Hughes - Truist Michael Rehaut - JPMorgan Tim Wojs - Baird John Lovallo - UBS Phil Ng - Jefferies Laura Champine - Loop Capital Operator Good day, and welcome to the Mohawk Industries Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

MHK's fourth-quarter 2024 results reflect benefits from restructuring and productivity initiatives. Click away to know more about the stock's performance.

While the top- and bottom-line numbers for Mohawk Industries (MHK) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Mohawk Industries (MHK) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.96 per share a year ago.

CALHOUN, Ga., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced fourth quarter 2024 net earnings of $93 million and earnings per share (“EPS”) of $1.48; adjusted net earnings were $123 million, and adjusted EPS was $1.95. Net sales for the fourth quarter of 2024 were $2.6 billion, an increase of 1.0% as reported and a decrease of 1.0% on an adjusted basis versus the prior year. During the fourth quarter of 2023, the Company reported net sales of $2.6 billion, net earnings of $140 million and earnings per share of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96.

Evaluate the expected performance of Mohawk Industries (MHK) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.