Last $153.89 USD
Change Today +2.28 / 1.50%
Volume 1.2M
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As of 4:15 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

mohawk industries inc (MHK) Snapshot

Open
$152.41
Previous Close
$151.61
Day High
$154.69
Day Low
$152.17
52 Week High
01/23/14 - $155.48
52 Week Low
10/15/14 - $120.37
Market Cap
11.2B
Average Volume 10 Days
620.4K
EPS TTM
$7.42
Shares Outstanding
72.9M
EX-Date
--
P/E TM
20.7x
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
President of Laminate and Wood
Total Annual Compensation: $734.1K
President of Carpet
Total Annual Compensation: $486.9K
Compensation as of Fiscal Year 2013.

mohawk industries inc (MHK) Key Developments

Mohawk Industries Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Provides Tax Rate Guidance for the Full Year 2014 and 2015

Mohawk Industries Inc. announced consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, net sales were $1,990,658,000 against $1,961,536,000 a year ago. Operating income was $213,693,000 against $175,903,000 a year ago. Earnings from continuing operations before income taxes were $181,281,000 against $149,105,000 a year ago. Earnings from continuing operations were $151,260,000 or $2.06 per diluted share against $120,112,000 or $1.64 per diluted share a year ago. Net earnings attributable to the company were $151,266,000 or $2.06 per diluted share against $119,068,000 or $1.63 per diluted share a year ago. Net cash provided by operating activities was $225,549,000 against $213,059,000 a year ago. Capital expenditures were $141,883,000 against $109,426,000 a year ago. Adjusted net earnings attributable to the company were $179,017,000 or $2.44 per diluted share against $147,365,000 or $2.02 per diluted share a year ago. Adjusted operating income was $237,706,000 against $212,611,000 a year ago. EBITDA was $301,240,000 against $307,446,000 for the previous quarter. Adjusted earnings before income taxes were $221,824,000 against $186,323,000 a year ago. Adjusted income tax rate was 19% against 21% a year ago. Adjusted EBITDA was $325,253,000 against $318,615,000 for the previous quarter. Capital expenditures during the quarter were at $142 million. For the nine months, Net sales were $5,852,000,000 against $5,424,650,000 a year ago. Operating income was $566,676,000 against $395,943,000 a year ago. Earnings from continuing operations before income taxes were $488,131,000 against $319,387,000 a year ago. Earnings from continuing operations were $385,174,000 or $5.25 per diluted share against $256,422,000 or $3.56 per diluted share a year ago. Net earnings attributable to the company were $385,097,000 or $5.25 per diluted share against $254,135,000 or $3.53 per diluted share a year ago. Net cash provided by operating activities was $323,423,000 against $326,973,000 a year ago. Capital expenditures were $391,580,000 against $255,523,000 a year ago. Adjusted net earnings attributable to the company were $431,122,000 or $5.88 per diluted share against $342,309,000 or $4.76 per diluted share a year ago. Adjusted operating income was $613,583,000 against $502,572,000 a year ago. Net Debt was $2,284,747,000. For fourth quarter, earnings are expected to be $2.18 to $2.27 per share, excluding any restructuring charges. The company expects improvement in sales and operating margins compared to last year. The company income tax rate to be 19%. The company expects full year 2014 income tax rate to be 21% and range from 22% to 23% for the full year 2015.

Mohawk Industries Inc. to Report Q3, 2014 Results on Oct 30, 2014

Mohawk Industries Inc. announced that they will report Q3, 2014 results on Oct 30, 2014

Mohawk Industries Inc., Q3 2014 Earnings Call, Oct 31, 2014

Mohawk Industries Inc., Q3 2014 Earnings Call, Oct 31, 2014

 

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