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Mohawk (MHK)
NYSE:MHK
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.41Last Year’s EPS
1.86Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -0.79%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
Mohawk Industries faced significant challenges in 2024 with decreased full-year sales, weak residential demand, and margin pressures from increased costs and competitive pricing. However, the company implemented effective restructuring actions, maintained strong cash flow, and pursued strategic initiatives to improve productivity and product mix, positioning itself for future recovery.Company Guidance
During the Mohawk Industries 4th Quarter 2024 Earnings Conference Call, the company provided guidance for the 1st quarter of 2025. They projected Q1 adjusted earnings per share (EPS) to be in the range of $1.34 to $1.44, excluding any restructuring or one-time charges, with an estimated EPS impact of $0.35 due to system issues in the Flooring North America segment. The company anticipates ongoing market softness, particularly due to elevated interest rates and weak housing turnover, which will continue to pressure pricing. They expect material and labor costs to rise, reducing margins, although they aim to mitigate this through cost reductions and process improvements. Despite these challenges, Mohawk plans to focus on capital expenditures that maximize sales, improve product mix, and reduce costs. Their restructuring actions are expected to generate annualized savings of about $285 million by 2026. The company remains confident in its long-term growth potential, supported by strong cash flow, available liquidity of $1.6 billion, and a debt leverage ratio of 1.1 times.Strong Free Cash Flow and Share Buybacks
Generated free cash flow of $680 million and repurchased 1.3 million shares of stock for $161 million in 2024, with a strong balance sheet featuring available liquidity of $1.6 billion and debt leverage of 1.1 times.
Restructuring Efforts and Cost Savings
Initiated significant restructuring actions expected to yield cost savings of approximately $285 million when completed in 2026, with $80 million realized in 2024 and $100 million expected in 2025.
Productivity Improvements and Strategic Initiatives
Implemented cost containment initiatives, product reengineering, and marketing strategies which contributed to improved productivity and cost management, despite challenging market conditions.
Positive Mix from Product Innovations
Launched new products with higher average selling prices, contributing to a positive mix impact and positioning the company for potential improvement in market conditions.
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MHK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MHK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $121.97 | $120.33 | -1.34% |
| Oct 24, 2024 | $151.87 | $130.88 | -13.82% |
| Jul 25, 2024 | $134.50 | $160.71 | +19.49% |
| Apr 25, 2024 | $110.27 | $115.45 | +4.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mohawk (MHK) report earnings?
Mohawk (MHK) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Mohawk (MHK) earnings time?
Mohawk (MHK) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MHK EPS forecast?
MHK EPS forecast for the fiscal quarter 2025 (Q1) is 1.41.
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