Last $140.39 USD
Change Today -2.03 / -1.43%
Volume 400.3K
MHK On Other Exchanges
Symbol
Exchange
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As of 1:40 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

mohawk industries inc (MHK) Snapshot

Open
$142.93
Previous Close
$142.42
Day High
$143.40
Day Low
$140.15
52 Week High
01/23/14 - $155.48
52 Week Low
10/17/13 - $119.59
Market Cap
10.2B
Average Volume 10 Days
696.8K
EPS TTM
$7.23
Shares Outstanding
72.8M
EX-Date
--
P/E TM
19.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for MOHAWK INDUSTRIES INC (MHK)

mohawk industries inc (MHK) Related Businessweek News

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mohawk industries inc (MHK) Details

Mohawk Industries, Inc., together with its subsidiaries, designs, manufactures, sources, distributes, and markets floor covering products for residential and commercial applications in both remodeling and new construction worldwide. It operates in three segments: Carpet; Ceramic; and Laminate and Wood. The Carpet segment offers carpet and rug product lines in various colors, textures, and patterns, as well as markets and distributes ceramic tile, laminate, hardwood, resilient floor covering, carpet pad, and flooring accessories. This segment markets and distributes its flooring products under Aladdin, Bigelow, Durkan, Horizon, Karastan, Lees, Mohawk, Mohawk ColorCenters, Mohawk Floorscapes, Mohawk Home, Portico, and SmartStrand brand names. The Ceramic segment provides ceramic tile, porcelain tile, and natural stone products, as well as sources, markets, and distributes other tile related products. This segment markets and distributes its products under American Olean, Daltile, Kerama Marazzi, Marazzi, and Ragno brand names. The Laminate and Wood segment offers laminate and hardwood flooring, as well as produces roofing elements, insulation boards, medium-density fiberboard, chipboards and other wood products in Europe. This segment markets and distributes its flooring products under Columbia Flooring, Century Flooring, Mohawk, Pergo, Quick-Step, and Unilin brand names. It also licenses the patented UNICLIC glueless installation system and various other new technologies, such as beveled edges, multiple length planks, and new surface and finish features. The company sells its products through independent floor covering retailers, home centers, independent distributors, mass merchandisers, department stores, shop at home, buying groups, ceramic specialists, commercial dealers, and commercial end users, as well as through private labeling programs. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia.

32,100 Employees
Last Reported Date: 02/28/14
Founded in 1988

mohawk industries inc (MHK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $912.3K
Chief Financial Officer
Total Annual Compensation: $568.9K
Chief Executive Officer of Unilin
Total Annual Compensation: $734.1K
President of Mohawk Flooring
Total Annual Compensation: $486.9K
Compensation as of Fiscal Year 2013.

mohawk industries inc (MHK) Key Developments

Mohawk Industries Inc. to Open 6 Additional American Olean and Marazzi Combined Sales Service Centers

Mohawk Industries Inc. announced that it will continue to expand ceramic store-within-a-store program with a special merchandising and promotions. The company will open 6 additional American Olean and Marazzi combined sales service centers on the West Coast by the end of the year for a total of 16 overall. All of the combined service centers in operations are providing a broad product selection and are attracting new customers to increase market position.

Mohawk Industries Mulls Acquisitions

Mohawk Industries Inc. (NYSE:MHK) intends to pursue acquisitions. Jeff Lorberbaum, Chairman and Chief Executive Officer of the company stated that its balance sheet is sin good position to purse acquisition opportunities.

Mohawk Industries Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Third Quarter and Full Year 2014

Mohawk Industries Inc. announced consolidated earnings results for the second quarter and six months ended June 28, 2014. The company announced 2014 second quarter net earnings attributable to Mohawk Industries Inc. of $153 million and diluted earnings per share (EPS) of $2.08. Excluding unusual charges, net earnings were $162 million and EPS was $2.21, a 20% increase over last year's second quarter adjusted EPS and the high quarterly adjusted EPS in the company's history. Net sales for the second quarter of 2014 were $2.05 billion, an increase of approximately 4% versus the prior year's second quarter or 3% on a constant exchange basis. For the second quarter of 2013, net sales were $1.98 billion, net earnings were $85 million and EPS was $1.16; excluding unusual charges, net earnings were $134 million and EPS was $1.84. Operating income was $222,248,000 against $133,198,000 a year ago. Earnings from continuing operations before income taxes was $203,101,000 against $108,983,000 a year ago. Earnings from continuing operations was $152,861,000 against $85,743,000 a year ago. For the six months ended June 28, 2014, net sales were $3.9 billion, an increase of 12% versus the prior year. Net earnings attributable to Mohawk Industries Inc. and EPS for the six-month period were $234 million and $3.19, respectively. Net earnings excluding unusual charges were $252 million and adjusted EPS was $3.44, an increase of 26% over the six-month adjusted EPS results in 2013. For the six months ended June 29, 2013, net sales were $3.5 billion, net earnings were $135 million and EPS was $1.89. Excluding unusual charges, net earnings and EPS were $195 million and $2.73, respectively. Operating income was $352,983,000 against $220,040,000 a year ago. Earnings from continuing operations before income taxes was $306,850,000 against $170,282,000 a year ago. Earnings from continuing operations was $233,914,000 against $136,310,000 a year ago. Net debt was $2,356,794,000 as at June 28, 2014. In the third quarter, the company anticipates further improvement in the U.S. market with limited growth in Europe and Russia. With these factors, guidance for third quarter earnings is $2.38 to $2.47 per share. For the full year 2014, the company expects earnings of $8.09 to $8.25 per share, excluding any restructuring charges.

 

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