Mohawk Industries is a leading manufacturer and distributor of flooring products for residential and commercial spaces. The company offers a wide range of flooring solutions, including carpet, rugs, laminate, hardwood, and ceramic tile, catering to various design preferences and functional needs. By innovating in technology and sustainability, Mohawk aims to deliver high-quality products while reducing environmental impact. The company serves its customers through multiple channels, including retail, wholesale, and direct sales, positioning itself as a key player in the global flooring industry. Read More
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Mohawk Industries (NYSE:MHK) and the rest of the home furnishings stocks fared in Q4.
Mohawk Industries’s stock price has taken a beating over the past six months, shedding 27.9% of its value and falling to $115 per share. This may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Leggett & Platt (NYSE:LEG) and the best and worst performers in the home furnishings industry.
The flooring company reported adjusted earnings of $1.95 per share for the three months ended Dec. 31, compared with the average analysts’ estimate of $1.85 per share.
Flooring manufacturer Mohawk Industries (NYSE:MHK) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $2.64 billion. Its non-GAAP profit of $1.95 per share was 5.3% above analysts’ consensus estimates.
CALHOUN, Ga., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced fourth quarter 2024 net earnings of $93 million and earnings per share (“EPS”) of $1.48; adjusted net earnings were $123 million, and adjusted EPS was $1.95. Net sales for the fourth quarter of 2024 were $2.6 billion, an increase of 1.0% as reported and a decrease of 1.0% on an adjusted basis versus the prior year. During the fourth quarter of 2023, the Company reported net sales of $2.6 billion, net earnings of $140 million and earnings per share of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Looking back on home furnishings stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Lovesac (NASDAQ:LOVE) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at La-Z-Boy (NYSE:LZB) and its peers.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Friday. Below you can find the top S&P500 gainers and losers in today's session.
