Mohawk Industries’s (NYSE:MHK) Q3 Earnings Results: Revenue In Line With Expectations But Stock Drops
Flooring manufacturer Mohawk Industries (NYSE:MHK) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 1.7% year on year to $2.72 billion. Its non-GAAP profit of $2.90 per share wasalso in line with analysts’ consensus estimates.
Mohawk Industries (MHK) Q3 Earnings and Revenues Beat Estimates
Mohawk Industries (MHK) came out with quarterly earnings of $2.90 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.72 per share a year ago. These figures are adjusted for non-recurring items.
Mohawk Industries: Q3 Earnings Snapshot
CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported third-quarter profit of $162 million. The Calhoun, Georgia-based company said it had profit of $2.55 per share. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
Mohawk Industries Reports Q3 Results
As our markets recover, we will leverage the extensive improvement that we have implemented to maximize our sales and margins.” Mohawk Industries is the leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world.
Can Mohawk Industries (MHK) Keep the Earnings Surprise Streak Alive?
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Mohawk Industries (MHK), which belongs to the Zacks Textile - Home Furnishing industry,
This massive flooring company says the housing market will get better — next year
Mohawk Industries’ product mix has been hit by consumers trading down and by new construction outpacing higher-value ...
Mohawk Industries Gets Initial Nod for $1.9 Million Wage Deal
Mohawk Industries Inc. agreed to pay nearly $2 million to resolve claims that it “engaged in a pattern and practice of wage ...
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Mohawk Home and Golden Arowana – Which Is The Best Vinyl Plank from Costco
Ultimately, both Golden Arowana and Mohawk Home offer fantastic options for waterproof vinyl plank flooring. Your choice will ...
Mohawk 3Q Sales Drop on Weak Demand, 4Q Outlook Hit by Hurricanes
Mohawk Industries reported a drop in third-quarter sales as high interest rates, lingering inflation and lower consumer confidence weigh on demand for flooring products. The Calhoun, Ga.-based company ...
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Mohawk Industries (MHK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Mohawk Industries (MHK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with ...
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Mohawk Forms Partnership with One Tree Planted
Mohawk began collaborating with One Tree Planted in January as part of a renewed focus on sustainability throughout its wood ...
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Mohawk Industries (NYSE:MHK) Upgraded at Baird R W
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, ...