Mohawk Q3 2024 Sales Down 1.7%, Earnings Up
Calhoun, GA, October 25, 2024-- Mohawk announced Q3 2024 net sales were $2.7 billion, a decrease of 1.7% compared to net sales of $2.8 billion in Q3 2023. Net earnings for Q3 2024 were $162 million, compared to a net loss of $760.4 million in the same period last year.
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.
Mohawk Q3 Earnings Beat, Stock Declines on Low Sales & Tepid Q4 View
Mohawk reported adjusted earnings per share (EPS) of $2.90, which marginally topped the consensus mark of $2.89. The metric increased from $2.72, reflecting a rise of 6.6% year over year, backed by the positive impact of the sales initiatives,
Mohawk Industries: Q3 Earnings Snapshot
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share. The flooring maker posted revenue of $2.72 billion in the period, also beating Street forecasts.
Mohawk Industries Inc Q3 Earnings Summary
Below are the earnings highlights for Mohawk Industries Inc (MHK): Earnings: $162.0 million in Q3 vs. -$760.4 million in the same
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.
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Why Mohawk Industries (MHK) Stock Is Down Today
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