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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.

Mohawk Industries (MHK) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $3.34 per share a year ago.

A slowdown in the housing industry, remodeling activities and inflationary pressure will likely affect Mohawk's (MHK) Q3 performance.

CALHOUN, Ga., Oct. 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Third Quarter 2023 earnings release on Thursday, October 26, 2023, you are invited to listen to the conference call that will be broadcast live on Friday, October 27, 2023, at 11:00 am ET.

Mohawk (MHK) benefits from its focus on operational excellence and acquisition strategies. However, inflationary pressures and an uncertain macro environment ail.

Mohawk Industries' (MHK) second-quarter results reflect inflationary pressure and lower volume.

While the top- and bottom-line numbers for Mohawk Industries (MHK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Mohawk's (MHK) second-quarter results are likely to reflect postponed new home sales and residential remodeling projects.