MHK Stock Recent News

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.

MHK's fourth-quarter 2024 results are likely to reflect a declining sales trend due to a softer residential market. That said, restructuring actions and cost-saving efforts bode well.

Mohawk Industries (MHK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Mohawk Industries (MHK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Mohawk Industries' revenue is declining, and analysts expect further drops in both revenue and profits for the final quarter of the 2024 fiscal year. Despite cost-cutting initiatives showing some positive results, the overall economic conditions and consumer spending trends are unfavorable for Mohawk Industries. The company's stock is attractively priced compared to peers, but the continued decline in revenue and potential economic downturn warrant a cautious 'hold' rating.

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CALHOUN, Ga., Jan. 07, 2025 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries' (NYSE: MHK) fourth quarter 2024 earnings release on Thursday, February 6, you are invited to listen to the conference call that will be broadcast live on Friday, February 7, at 11:00 am ET.