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Mohawk Industries' (MHK) fourth-quarter performance is most likely to reflect significant inflationary pressure and soft housing demand woes.
Mohawk (MHK) suffers from soft global residential flooring business and industry headwinds.
Mohawk Industries has done well to grow sales recently, though profits and cash flows have been quite mixed. Despite some mixed results, shares of the business look to be cheap on an absolute basis and are cheap relative to some of its peers.
Mohawk Industries, Inc. (NYSE:MHK ) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Chris Wellborn - President & Chief Operating Officer. Conference Call Participants Susan Maklari - Goldman Sachs John Lovallo - UBS Michael Rehaut - JPMorgan Keith Hughes - Truist Phil Ng - Jefferies Adam Baumgarten - Zelman & Associates Mike Dahl - RBC Capital Markets Laura Champine - Loop Capital Stephen Kim - Evercore ISI Truman Patterson - Wolfe Research Kathryn Thompson - Thompson Research Group Matt Bouley - Barclays David MacGregor - Longbow Research Operator Good morning, everyone.
Mohawk Industries' (MHK) third-quarter results reflect persistent industry challenges and high costs.
Mohawk Industries' (MHK) third-quarter performance will likely reflect significant inflationary pressure and soft housing demand woes.
The company has consistently had solid fundamentals with a decent return on invested capital. Management is very prudent with the use of capital by buying back shares at current valuations.
CALHOUN, Ga., Oct. 05, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Third Quarter 2022 earnings release on Thursday October 27, 2022, you are invited to listen to the conference call that will be broadcast live on Friday October 28, 2022 at 11:00 am ET.
Investors should be prepared for more volatility ahead.
Mohawk Industries has a mixed operating history, but the past couple of years have resulted in significant improvement for investors. The firm's track record does offer some cause for concern, but even a return to prior levels of profitability would imply some upside potential most likely.