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Mohawk Industries, Inc. (NYSE:MHK ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman and Chief Executive Officer Chris Wellborn - President and Chief Operating Officer Conference Call Participants Matthew Bouley - Barclays Tim Wojs - Baird Susan Maklari - Goldman Sachs John Lovallo - UBS Collin Verron - Jefferies Keith Hughes - Truist Michael Rehaut - JPMorgan Mike Dahl - RBC Kathryn Thompson - Thompson Research Group Laura Champine - Loop Capital Stephen Kim - Evercore Sam Reid - Wells Fargo Eric Bosshard - Cleveland Research Operator Good morning, everyone and welcome to the Mohawk Industries First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please also note this event is being recorded.
Mohawk's (MHK) first-quarter results reflect lower net sales due to continued economic headwinds. Yet, the second-quarter estimate remains strong on improving residential market.
Although the revenue and EPS for Mohawk Industries (MHK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Mohawk Industries (MHK) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.75 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Mohawk Industries (MHK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Difficult comparison in the housing industry and inflationary pressure will likely affect Mohawk's (MHK) Q1 performance.
CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET.
Some sub-sectors of the market are facing severe challenges. Even some blue chips are at risk of a dividend cut. We highlight 2 popular dividend stock that could cut soon.
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.