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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.
What To Expect From Mohawk Industries’s (MHK) Q3 Earnings
Flooring manufacturer Mohawk Industries (NYSE:MHK) will be reporting earnings tomorrow after market close. Here’s what you need to know.
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 Industries (MHK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Mohawk Industries (MHK) reported $2.72 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.7%. EPS of $2.90 for the same period compares to $2.72 a year ago.
1h
on MSN
Mohawk Is Worst-Performing Stock in the S&P 500 on Friday. Demand for Flooring Takes Hit.
Mohawk Industries CEO Jeff Lorberbaum says consumer confidence and discretionary spending have been hit by ‘global conflicts, ...
16h
on MSN
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 ...
20h
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 ...
Floor
5h
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 ...
iPhone
7d
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 ...
19h
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 ...
Floor
4d
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 ...
TipRanks on MSN
4d
Mohawk Industries upgraded to Outperform from Neutral at Baird
Baird analyst Timothy Wojs upgraded Mohawk Industries (MHK) to Outperform from Neutral with a price target of $196, up from ...
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