The company is set to release its latest quarterly earnings on Wednesday, April 29th, with a consensus estimate of $1.8 earnings per share.
Mohawk Industries, Inc. (MHK) saw its price dip to $106.48, a decrease of $1.11 (-1.03%) from the previous close. Trading volume was $80,752, representing an 8.24% increase compared to the average.
MHK has experienced a five-day streak of decline, with a price drop of $3.03 (-2.77%) starting from $109.51.
In the last quarterly report released on February 11th, the company reported earnings per share of $2, slightly above the consensus estimate of $1.98.
The company generated a free cash flow of $265.2 million. Noteworthy outflows include debt repayment of $-114.6 million, resulting in a net cash increase to $856.1 million.
Mohawk Industries reported revenue of $2.70 billion, with a gross profit of $663.2 million. The company achieved a net income of $42 million, translating to earnings per share of 68 cents.
Key ratios include a net profit margin of 1.56%, return on equity of 0.5, and a price-to-earnings ratio of 40.08.
The company holds total assets of $13.69 billion, with cash and cash equivalents amounting to $856.1 million. Total liabilities stand at $5.31 billion, including short-term debt of $411.7 million.
This financial snapshot of Mohawk Industries, Inc. provides insight into its recent performance and financial health as it approaches its upcoming earnings release.
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides wood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Feltex, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers. Mohawk Industries, Inc. was incorporated in 1988 and is headquartered in Calhoun, Georgia.