Mohawk Industries (MHK) Beats Q1 Earnings and Revenue Estimates
- Mohawk Industries (MHK) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.75 per share a year ago.
- 04/25/2024
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Mohawk Industries Reports Q1 Results
- CALHOUN, Ga., April 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis versus the prior year. During the first quarter of 2023, the Company reported net sales of $2.8 billion, net earnings of $80 million and EPS of $1.26; adjusted net earnings were $112 million, and adjusted EPS was $1.75.
- 04/25/2024
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Curious about Mohawk Industries (MHK) Q1 Performance? Explore Wall Street Estimates for Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Mohawk Industries (MHK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
- 04/24/2024
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Mohawk's (MHK) Q1 Earnings Likely to Decline: Factors to Note
- Difficult comparison in the housing industry and inflationary pressure will likely affect Mohawk's (MHK) Q1 performance.
- 04/23/2024
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Mohawk Industries, Inc. Invites You to Join the First Quarter 2024 Earnings Conference Call
- CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET.
- 04/05/2024
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2 Popular Dividend Stocks That Could Cut The Cheese
- Some sub-sectors of the market are facing severe challenges. Even some blue chips are at risk of a dividend cut. We highlight 2 popular dividend stock that could cut soon.
- 02/21/2024
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Looming Layoffs? 3 Companies That May Be the Next to Drop the Axe.
- Al Jazeera has called 2023 “the year of the layoffs.” As the news organization pointed out recently, it started badly in 2023, when Salesforce (NYSE: CRM ) cut 10% of its global staff.
- 02/19/2024
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Mohawk Industries, Inc. (MHK) Q4 2023 Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) Q4 2023 Earnings Call Transcript
- 02/09/2024
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Mohawk (MHK) Q4 Earnings & Revenues Top, Q1 View Tepid
- Mohawk's (MHK) fourth-quarter 2023 results reflect low input costs, cost-reducing initiatives and productivity benefits, partially offset by low contributions from Flooring North America and Flooring Rest of the World segments.
- 02/09/2024
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Mohawk Industries (MHK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Mohawk Industries (MHK) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 02/08/2024
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Mohawk Industries Reports Q4 Results
- CALHOUN, Ga., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced fourth quarter 2023 net earnings of $139 million and earnings per share (“EPS”) of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96. Net sales for the fourth quarter of 2023 were $2.6 billion, a decrease of 1.4% as reported and 4.1% on a legacy and constant basis versus the prior year. During the fourth quarter of 2022, the Company reported net sales of $2.7 billion, net earnings of $33 million and EPS of $0.52; adjusted net earnings were $84 million, and adjusted EPS was $1.32.
- 02/08/2024
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Mohawk (MHK) Gears Up to Post Q4 Earnings: Factors to Note
- Mohawk Industries' (MHK) fourth-quarter results are most likely to reflect significant inflationary pressure and moderate housing demand.
- 02/07/2024
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Curious about Mohawk Industries (MHK) Q4 Performance? Explore Wall Street Estimates for Key Metrics
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Mohawk Industries (MHK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
- 02/05/2024
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Mohawk Industries (MHK) Reports Next Week: Wall Street Expects Earnings Growth
- Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/01/2024
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Mohawk Industries, Inc. Invites You to Join the Fourth Quarter 2023 Earnings Conference Call
- CALHOUN, Ga., Jan. 08, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Fourth Quarter 2023 earnings release on Thursday, February 8, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, February 9, 2024, at 11:00 am ET.
- 01/08/2024
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Mohawk Industries: Underappreciated Margins Hidden Behind Macro Woes
- Mohawk Industries operates in a U.S. duopoly through past roll-up acquisitions. They are now directing this strategy towards emerging markets. The company has bought back 15% of its shares since 2017 and has a strong balance sheet and high liquidity. It never had negative OCF in the past three decades. Mohawk's management has initiated cost-reduction measures and investments to increase efficiency.
- 01/05/2024
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12 Companies That Had IPOs in 1992: Best and Worst Performers
- In 1992, about 412 companies had an initial public offering (IPO) in the United States.
- 12/09/2023
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Mohawk Industries, Inc. (MHK) Q3 2023 Earnings Call Transcript
- Mohawk Industries, Inc. (NYSE:MHK ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman and CEO Chris Wellborn - President and COO Conference Call Participants Matthew Bouley - Barclays John Lovallo - UBS Joe Ahlersmeyer - Deutsche Bank Susan Maklari - Goldman Sachs Stephen Kim - Evercore Keith Hughes - Truist Phil Ng - Jefferies Andrew Harvey - JPMorgan Adam Baumgarten - Zelman Kathryn Thompson - Thompson Research Group Truman Patterson - Wolfe Research Laura Champine - Loop Capital Eric Bouchard - Cleveland Research Rafe Jadrosich - Bank of America Operator Good morning, everyone. My name is Jamie, and I will be your conference operator today.
- 10/27/2023
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Mohawk (MHK) Q3 Earnings & Sales Beat, Operating Margin Falls
- Mohawk Industries' (MHK) third-quarter results reflect inflationary pressure and lower volume.
- 10/27/2023
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Mohawk Industries (MHK) Tops Q3 Earnings and Revenue Estimates
- Mohawk Industries (MHK) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $3.34 per share a year ago.
- 10/26/2023
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Mohawk (MHK) to Report Q3 Earnings: Factors to Consider
- A slowdown in the housing industry, remodeling activities and inflationary pressure will likely affect Mohawk's (MHK) Q3 performance.
- 10/24/2023
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Mohawk Industries, Inc. Invites You to Join the Third Quarter 2023 Earnings Conference Call
- CALHOUN, Ga., Oct. 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Third Quarter 2023 earnings release on Thursday, October 26, 2023, you are invited to listen to the conference call that will be broadcast live on Friday, October 27, 2023, at 11:00 am ET.
- 10/06/2023
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Strategic Initiatives Aid Mohawk (MHK), Inflation Hurts
- Mohawk (MHK) benefits from its focus on operational excellence and acquisition strategies. However, inflationary pressures and an uncertain macro environment ail.
- 09/11/2023
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Mohawk (MHK) Q2 Earnings Beat Estimates, Margins Fall Y/Y
- Mohawk Industries' (MHK) second-quarter results reflect inflationary pressure and lower volume.
- 07/28/2023
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Here's What Key Metrics Tell Us About Mohawk Industries (MHK) Q2 Earnings
- While the top- and bottom-line numbers for Mohawk Industries (MHK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 07/27/2023
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Low Housing, Remodeling Activity to Ail Mohawk (MHK) Q2 Earnings
- Mohawk's (MHK) second-quarter results are likely to reflect postponed new home sales and residential remodeling projects.
- 07/25/2023
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Mohawk Industries (MHK) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Mohawk Industries (MHK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 07/24/2023
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Here's Why You Should Add Mohawk (MHK) to Your Portfolio Now
- Mohawk (MHK) is benefiting from its focus on long-term growth through product innovation, capacity expansions and acquisitions along with managing costs.
- 07/10/2023
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Mohawk Industries (MHK) Soars 3.3%: Is Further Upside Left in the Stock?
- Mohawk Industries (MHK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 07/10/2023
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Mohawk Industries (MHK)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Mohawk Industries (MHK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 07/07/2023
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Mohawk Industries, Inc. Invites You to Join the Second Quarter 2023 Earnings Conference Call
- CALHOUN, Ga., July 06, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Second Quarter 2023 earnings release on Thursday July 27, 2023, you are invited to listen to the conference call that will be broadcast live on Friday July 28, 2023, at 11:00 am ET.
- 07/06/2023
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U.S. companies told to adapt as Washington fights against forced labor in China: ‘It's going to be a very different environment'
- A focus on forced labor and enforcement actions to fight against it are “here for some time,” according to a U.S. Customs and Border Protection official.
- 06/22/2023
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Mohawk Industries: Continue To Observe How Margins Improve
- MHK shows promising signs of recovery with better-than-expected 1Q23 results, indicating a positive trend. Despite potential competition and pricing pressure, MHK's long-term prospects appear favorable, with factors such as lower energy and raw material costs acting as tailwinds. My recommendation is to hold and monitor MHK's progress, particularly in terms of margin improvement in 2Q23 and beyond.
- 06/02/2023
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Mohawk (MHK) Benefits From Strategic Moves & Acquisitions
- Mohawk's (MHK) Flooring business banks on cost-saving measures amid inflationary woes.
- 05/17/2023
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Mohawk Industries, Inc. (MHK) Q1 2023 Earnings Call Transcript
- Mohawk Industries, Inc. (NYSE:MHK ) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO Chris Wellborn - President, COO, President, Global Ceramic & Director Conference Call Participants Joseph Ahlersmeyer - Deutsche Bank Timothy Wojs - Robert W. Baird & Co. Susan Maklari - Goldman Sachs Group John Lovallo - UBS Stephen Kim - Evercore ISI Michael Rehaut - JPMorgan Chase & Co. Michael Dahl - RBC Capital Markets Adam Baumgarten - Zelman & Associates Rafe Jadrosich - Bank of America Merrill Lynch Keith Hughes - Truist Securities Eric Bosshard - Cleveland Research Company Truman Patterson - Wolfe Research Philip Ng - Jefferies Operator Good day, and welcome to the Mohawk Industries, Inc. First Quarter 2023 Earnings Conference Call.
- 04/28/2023
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Mohawk (MHK) Q1 Earnings & Net Sales Beat Estimates, Stock Up
- Mohawk Industries' (MHK) first-quarter results reflect intense inflation, higher interest rates and lower volume.
- 04/28/2023
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Mohawk Industries (MHK) Q1 Earnings and Revenues Surpass Estimates
- Mohawk Industries (MHK) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $3.78 per share a year ago.
- 04/27/2023
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Mohawk Industries stock rises 5% as flooring company 'adapting' to leaner times
- Mohawk Industries Inc. shares rose nearly 5% in the aftermarket Thursday after the carpet and flooring company reported quarterly earnings and sales above Wall Street expectations, saying its commercial side continued to show more resilience as compared with residential. Mohawk earned $80 million, or $1.26 a share, in the quarter, compared with $245 million, or $3.78 a share, in the year-ago quarter.
- 04/27/2023
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Mohawk's (MHK) Q1 Earnings Likely to Decline: Factors to Note
- Mohawk Industries' (MHK) first-quarter performance is likely to have been impacted by significant inflationary pressures and soft housing demand woes.
- 04/25/2023
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Analysts Estimate Mohawk Industries (MHK) to Report a Decline in Earnings: What to Look Out for
- Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/20/2023
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Mohawk Industries, Inc. Invites You to Join the First Quarter 2023 Earnings Conference Call
- CALHOUN, Ga., April 05, 2023 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2023 earnings release on Thursday April 27, 2023, you are invited to listen to the conference call that will be broadcast live on Friday April 28, 2023, at 11:00 am ET.
- 04/05/2023
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14 Stocks' Amazing Rallies This Year Are Now Completely Gone
- Nothing lasts forever. At least that's the lesson for S&P 500 stock investors this year as big gains slip away.
- 03/22/2023
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Mohawk Industries, Inc. (MHK) Q4 2022 Earnings Call Transcript
- Mohawk Industries, Inc. (NYSE:MHK ) Q4 2022 Earnings Conference Call February 10, 2023 4:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Christopher Wellborn - President & Chief Operating Officer. Conference Call Participants Phil Ng - Jefferies Susan Maklari - Goldman Sachs Eric Bosshard - Cleveland Research Company Truman Patterson - Wolfe Research Mike Dahl - RBC Capital Markets Stephen Kim - Evercore ISI Keith Hughes - Truist Security John Lovallo - UBS Rafe Jadrosich - Bank of America Adam Baumgarten - Zelman Laura Champine - Loop Capital Brian Biros - Thompson Research Group Matthew Bouley - Barclays David MacGregor - Longbow Research Operator Good day, and welcome to the Mohawk Industries Inc. Fourth Quarter 2022 Earnings Call.
- 02/10/2023
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Mohawk's (MHK) Q4 Earnings Beat, Stock Falls on Tepid Q1 View
- Mohawk Industries' (MHK) fourth-quarter results reflect intense inflation, higher interest rates and lower volume.
- 02/10/2023
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Mohawk Industries (MHK) Q4 Earnings Surpass Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of 2.33% and 2.55%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/09/2023
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Mohawk (MHK) to Report Q4 Earnings: Factors to Consider
- Mohawk Industries' (MHK) fourth-quarter performance is most likely to reflect significant inflationary pressure and soft housing demand woes.
- 02/06/2023
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Mohawk (MHK) Cuts Q4 Adjusted EPS View on Low Flooring Demand
- Mohawk (MHK) suffers from soft global residential flooring business and industry headwinds.
- 01/17/2023
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Mohawk Industries: Still A Comfortable Prospect For A Value Portfolio
- Mohawk Industries has done well to grow sales recently, though profits and cash flows have been quite mixed. Despite some mixed results, shares of the business look to be cheap on an absolute basis and are cheap relative to some of its peers.
- 01/09/2023
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Mohawk Industries, Inc. (MHK) Q3 2022 Earnings Call Transcript
- Mohawk Industries, Inc. (NYSE:MHK ) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Chris Wellborn - President & Chief Operating Officer. Conference Call Participants Susan Maklari - Goldman Sachs John Lovallo - UBS Michael Rehaut - JPMorgan Keith Hughes - Truist Phil Ng - Jefferies Adam Baumgarten - Zelman & Associates Mike Dahl - RBC Capital Markets Laura Champine - Loop Capital Stephen Kim - Evercore ISI Truman Patterson - Wolfe Research Kathryn Thompson - Thompson Research Group Matt Bouley - Barclays David MacGregor - Longbow Research Operator Good morning, everyone.
- 10/28/2022
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Mohawk (MHK) Q3 Earnings Meet, Sales Lag, EPS View Tepid
- Mohawk Industries' (MHK) third-quarter results reflect persistent industry challenges and high costs.
- 10/28/2022
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Mohawk (MHK) to Report Tepid Earnings in Q3 on Soft Demand
- Mohawk Industries' (MHK) third-quarter performance will likely reflect significant inflationary pressure and soft housing demand woes.
- 10/25/2022
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Mohawk Industries: Undervalued With A Large Margin Of Safety
- The company has consistently had solid fundamentals with a decent return on invested capital. Management is very prudent with the use of capital by buying back shares at current valuations.
- 10/22/2022
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Mohawk Industries, Inc. Invites You to Join the Third Quarter 2022 Earnings Conference Call
- CALHOUN, Ga., Oct. 05, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Third Quarter 2022 earnings release on Thursday October 27, 2022, you are invited to listen to the conference call that will be broadcast live on Friday October 28, 2022 at 11:00 am ET.
- 10/05/2022
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Analysts Think 9 Cheapest Of The Cheap Stocks Are Worth A Shot
- Buying S&P 500 stocks on the cheap isn't a winning way to make money long term. But that doesn't stop some investors from trying anyway.
- 10/04/2022
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Why Mohawk Industries Stock Was Hitting New Lows This Week
- Investors should be prepared for more volatility ahead.
- 09/16/2022
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Mohawk Industries: A Solid Prospect With Some Upside
- Mohawk Industries has a mixed operating history, but the past couple of years have resulted in significant improvement for investors. The firm's track record does offer some cause for concern, but even a return to prior levels of profitability would imply some upside potential most likely.
- 09/09/2022
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Is It Time to Buy the S&P 500's 5 Worst-Performing August Stocks?
- These five stocks have all lost more than 10% in the past month alone.
- 09/01/2022
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How to Find Small-Cap Investing Opportunities
- You have to be willing to put in the work.
- 08/23/2022
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Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q2 2022 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (NYSE:MHK ) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants James Brunk - Chief Financial Officer Jeff Lorberbaum - Chairman & Chief Executive Officer Chris Wellborn - President & Chief Operating Officer. Conference Call Participants Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs David MacGregor - Longbow Research Phil Ng - Jefferies Eric Bosshard - Cleveland Research Kathryn Thompson - Thompson Research Group Michael Rehaut - JPMorgan Keith Hughes - Truist Truman Patterson - Wolfe Research Adam Baumgarten - Zelman Matthew Bouley - Barclays John Lovallo - UBS Operator Good morning.
- 07/29/2022
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Mohawk Industries (MHK) Q2 Earnings Top Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of 1.38% and 1.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2022
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Mohawk (MHK) Q2 Earnings to Fall on Volatile Natural Gas Prices
- Mohawk Industries' (MHK) second-quarter performance will likely reflect significant inflationary pressure and material, labor and transportation woes.
- 07/27/2022
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Mohawk Industries, Inc. Invites You to Join the Second Quarter 2022 Earnings Conference Call
- CALHOUN, Ga., July 07, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Second Quarter 2022 earnings release on Thursday July 28, 2022 you are invited to listen to its conference call that will be broadcast live on Friday July 29, 2022 at 11:00 am ET.
- 07/07/2022
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Mohawk Industries (MHK) is a Top-Ranked Growth Stock: Should You Buy?
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 07/04/2022
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Mohawk Industries - Finding A Floor
- Mohawk will likely see further profit declines amidst a correction in the housing market. Near-term earnings power remains very strong, if you buy the guidance, as valuations have been reset in a major way already.
- 06/21/2022
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Mohawk (MHK) to Buy Ceramic Tile Business Vitromex for $293M
- Mohawk (MHK) to expand the Mexican ceramic tile market with the buyout of Vitromex.
- 06/06/2022
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4 Consumer Cyclical Stocks That Fit Graham's Lost Formula
- On the back of a stronger-than-expected jobs report for May and rising interest rates, U.S. market indexes declined on Friday.
- 06/03/2022
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3 No-Brainer Stocks to Buy for May
- Stock investing is not easy but these 3 no-brainer stocks to buy based on their latest earnings have increased their odds of performing well in May. The post 3 No-Brainer Stocks to Buy for May appeared first on InvestorPlace.
- 05/09/2022
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Tom Gayner's Firm Exits Mohawk, Albemarle in the 1st Quarter
- Markel Gayner Asset Management Corp., the investment arm of insurance company Markel Corp. ( MKL , Financial), disclosed in a regulatory filing that its top five trades during the first quarter included the closure of its holdings in Mohawk Industries Inc. ( MHK , Financial) and Albemarle Corp. ( ALB , Financial) and boosts to its holdings in Dollar General Corp. ( DG , Financial), Allstate Corp. ( ALL , Financial) and FedEx Corp. ( FDX , Financial).
- 05/03/2022
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Mohawk Industries Reached Potential Flooring At A Reasonable Price
- Mohawk Industries posted a declining revenue source in the Russia region relative to its total revenue, making it susceptible to operating disruption. Potential peace talks between Russia and Ukraine, on the other hand, could result in an increase in demand for the company.
- 05/02/2022
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Mohawk Industries, Inc. (MHK) CEO Jeffrey Lorberbaum on Q1 2022 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (NYSE:MHK ) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO William Wellborn - President, COO & Director Conference Call Participants Timothy Wojs - Robert W. Baird & Co. Matthew Bouley - Barclays Bank Susan Maklari - Goldman Sachs Group Keith Hughes - Truist Securities Michael Rehaut - JPMorgan Chase & Co. Stephen Kim - Evercore ISI Michael Dahl - RBC Capital Markets Philip Ng - Jefferies Truman Patterson - Wolfe Research John Lovallo - UBS Eric Bosshard - Cleveland Research Company Operator Good morning.
- 04/29/2022
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Why Mohawk Industries Stock Is Rising Today
- Investors were thrilled with the company's latest earnings report.
- 04/29/2022
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Mohawk (MHK) Shares Jump 10% on Q1 Earnings and Sales Beat
- Mohawk Industries' (MHK) first-quarter results benefit from solid sales, pricing, productivity and buyouts.
- 04/29/2022
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Mohawk Industries (MHK) Tops Q1 Earnings and Revenue Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of 30.80% and 4.03%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/28/2022
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Mohawk Industries stock jumps 14% after Q1 beat, company raises prices amid inflation
- Shares of Mohawk Industries Inc. MHK, +3.84% rallied more than 14% in the extended session Thursday after the flooring products maker reported earnings and sales above Wall Street expectations, thanks to higher prices and unabated demand. Mohawk said it earned $245 million, or $3.78 a share, in the quarter, compared with $237 million, or $3.36 a share, in the year-ago period.
- 04/28/2022
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2 Textile-Home Furnishing Stocks in Focus Amid Industry Challenges
- Home improvement momentum, strategic efforts to boost profits and accretive acquisitions are encouraging for Textile-Home Furnishing industry stocks like Mohawk (MHK) and Interface (TILE) amid supply-chain disruptions and higher costs.
- 04/18/2022
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Mohawk Industries, Inc. Invites You to Join the First Quarter 2022 Earnings Conference Call
- CALHOUN, Ga., April 05, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2022 earnings release on Thursday April 28, 2022 you are invited to listen to its conference call that will be broadcast live on Friday April 29, 2022 at 11:00 am ET.
- 04/05/2022
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The stocks exposed to the Russia-Ukraine crisis
- Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss how stocks like McDonald's, PepsiCo, and Philip Morris International are exposed to escalating Russia-Ukraine tensions.
- 02/22/2022
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Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q4 2021 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q4 2021 Results - Earnings Call Transcript
- 02/11/2022
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Mohawk's (MHK) Q4 Earnings and Sales Beat, Q1 View Tepid
- Mohawk Industries' (MHK) fourth-quarter results benefit from solid residential demand.
- 02/11/2022
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Mohawk Industries (MHK) Q4 Earnings and Revenues Top Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of 1.72% and 0.92%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/10/2022
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High Costs & Seasonality to Ail Mohawk's (MHK) Q4 Earnings
- Mohawk Industries' (MHK) fourth-quarter earnings are likely to reflect significant inflationary, material, labor and transportation availability challenges.
- 02/09/2022
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Mohawk Industries: Where Is The Floor?
- Mohawk Industries: Where Is The Floor?
- 02/07/2022
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Analysts Estimate Mohawk Industries (MHK) to Report a Decline in Earnings: What to Look Out for
- Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/03/2022
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Evercore ISI Cuts Mohawk Industries Price Target By 15%
- Evercore ISI analyst Stephen Kim downgraded Mohawk Industries Inc (NYSE:MHK) to In-Line from Outperform with a price target of $195, down from $229. The firm forecasts flat housing starts in FY22, but double-digit growth in completions and home prices, noted Kim.
- 01/10/2022
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Mohawk Industries, Inc. Invites You to Join the Fourth Quarter 2021 Earnings Conference Call
- CALHOUN, Ga., Jan. 07, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Fourth Quarter 2021 earnings release on Thursday February 10, 2022 you are invited to listen to its conference call that will be broadcast live on Friday February 11, 2022 at 11:00 am ET.
- 01/07/2022
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What Stocks Should be on Your Wish List in 2022?
- Zacks Chief Equity Strategist, John Blank, shares his insights with Tracey about what might be coming in 2022 and where stock investors should be looking next year.
- 12/08/2021
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Is Mohawk Industries (MHK) Stock Suitable for Value Investors?
- Let's see if Mohawk Industries (MHK) stock is a good choice for value-oriented investors right now from multiple angles.
- 11/29/2021
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Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q3 2021 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q3 2021 Results - Earnings Call Transcript
- 10/29/2021
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Mohawk (MHK) Q3 Earnings Beat, Sales Miss, Q4 View Tepid
- Mohawk Industries' (MHK) Q3 results benefit from robust housing sales and remodeling activities. Yet, labor, material and transportation woes persist.
- 10/29/2021
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Mohawk Industries (MHK) Q3 Earnings Surpass Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of 0.25% and -4.37%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2021
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Repair & Remodeling Activity Aids Mohawk (MHK), Cost Hurts
- Mohawk (MHK) enjoys a leading position in the industry on the back of strategic initiatives and timely acquisitions. However, supply-related challenges and rising raw material costs are concerning.
- 10/13/2021
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Mohawk Industries, Inc. Invites You to Join the Third Quarter 2021 Conference Call on the Web
- CALHOUN, Ga, Oct. 05, 2021 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Third Quarter 2021 earnings release on Thursday October 28, 2021 you are invited to listen to its conference call that will be broadcast live on Friday October 29, 2021 at 11:00 am ET.
- 10/05/2021
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10 Cyclical Stocks to Buy After the Great Correction Plunge
- The investment pros are nervous about a big correction before 2022. Here are 10 cyclical stocks to buy for gains into next year and beyond.
- 10/01/2021
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Gauging the strength of investor sentiment
- Abhay Deshpande, chief investment officer at Centerstone Investors, joins The Exchange to discuss the Fed's stance on the economy and the effect on today's markets.
- 08/27/2021
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Surging Earnings Estimates Signal Upside for Mohawk Industries (MHK) Stock
- Mohawk Industries (MHK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 08/26/2021
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7 Consumer Discretionary Stocks to Buy That Are Booking Record Profits
- All kinds of companies have been reporting record profits in recent weeks. Here are seven of the best consumer discretionary stocks to buy.
- 08/10/2021
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U.S. Services Activities Hit Record High in July: 5 Top Picks
- It will be prudent to invest in stocks from the services sector with a favorable Zacks Rank and strong growth potential. These are: NKE, DECK, ORLY, MHK and SIRI.
- 08/05/2021
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3 Stocks to Watch From Promising Textile-Home Furnishing Industry
- U.S. housing market momentum, strategic efforts to boost profits and accretive acquisitions are encouraging for Textile-Home Furnishing industry stocks like MHK, TILE and CULP.
- 08/04/2021
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Mohawk Industries, Inc. (MHK) CEO Jeffrey Lorberbaum on Q2 2021 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) CEO Jeffrey Lorberbaum on Q2 2021 Results - Earnings Call Transcript
- 07/30/2021
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Mohawk (MHK) Q2 Earnings Beat, Stock Up on Record Profits
- Robust housing and repair and remodeling markets aid Mohawk Industries' (MHK) Q2 results.
- 07/30/2021
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Recap: Mohawk Industries Q2 Earnings
- Shares of Mohawk Industries (NYSE:MHK) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 1102.70% year over year to $4.45, which beat the estimate of $3.63.
- 07/29/2021
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Mohawk Industries Reports Q2 Results
- CALHOUN, Ga., July 29, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2021 second quarter net earnings of $336 million and diluted earnings per share (EPS) of $4.82. Adjusted net earnings were $310 million, and EPS was $4.45, excluding restructuring, acquisition and other charges. Net sales for the second quarter of 2021 were $3.0 billion, up 44% as reported and 38% on a constant currency and days basis. For the second quarter of 2020, net sales were $2.0 billion, net loss was $48 million and diluted loss per share was $0.68, adjusted net earnings were $26 million, and EPS was $0.37, excluding restructuring, acquisition and other charges.
- 07/29/2021
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5 Large-Cap Stocks to Buy Before Their Earnings After Market
- We have narrowed down our search to five large-cap stocks that are slated to release earnings results today after the closing bell. These are: FTNF, DECK, MHK, GLPI and WELL.
- 07/29/2021
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Mohawk (MHK) Q2 Earnings to Rise on Solid Demand, R&R Activity
- Improved sales and strong segmental prospects are likely to reflect on Mohawk Industries' (MHK) second-quarter 2021 results.
- 07/26/2021
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The Perfect 10 Portfolio Returned 69% Last Year
- To call a beautiful woman a “Perfect 10” these days would be considered chauvinistic and outdated.
- 07/12/2021
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Mohawk Industries, Inc. Invites You to Join the Second Quarter 2021 Conference Call on the Web
- CALHOUN, Ga., July 06, 2021 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Second Quarter 2021 earnings release on Thursday July 29, 2021 you are invited to listen to its conference call that will be broadcast live on Friday July 30, 2021 at 11:00 am ET.
- 07/06/2021
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5 Stocks to Buy on the Dip Despite Recent Market Meltdown
- We have narrowed down our search to five large-cap stocks that have attained a 52-week high this year but are currently trading at a sharp discount. These are SAM, DAR, MHK, SCCO and CHWY.
- 06/21/2021
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Broadcom Inc And Cintas Corp Ranked Among Today's Top Buys
- The Dow Jones rose 275 points, the S&P 500 rose 0.6%, and the Nasdaq rose 0.7% despite rising bond yields. Make the most of this market with today's Top Buys.
- 06/10/2021
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12 Housing Stocks to Ride the Red-Hot Market
- The U.S. has a housing shortage and a love affair with home improvement, both of which could create tailwinds for this group of housing stocks.
- 06/08/2021
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3 Home Goods Stocks for Summer Improvements
- Due to the pandemic, home improvement is a growing trend that doesn't seem to be going anywhere. And these home goods stocks should benefit.
- 05/28/2021
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Mohawk Industries (MHK) is a Great Momentum Stock: Should You Buy?
- Does Mohawk Industries (MHK) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/10/2021
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Mohawk Industries (MHK) Surges 7.5%: Is This an Indication of Further Gains?
- Mohawk Industries (MHK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 05/04/2021
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Why Mohawk Industries Stock Is Up Today
- Analysts are raising their price targets after a strong quarter.
- 05/03/2021
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Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q1 2021 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q1 2021 Results - Earnings Call Transcript
- 04/30/2021
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Mohawk (MHK) Q1 Earnings & Revenues Beat Estimates, Stock Up
- Mohawk Industries (MHK) first-quarter results reflect benefits of solid residential purchases. Investment in new projects continue to drive commercial business sequentially.
- 04/30/2021
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Mohawk Industries Reports Q1 Results
- CALHOUN, Georgia, April 29, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2021 first quarter net earnings of $237 million and diluted earnings per share (EPS) of $3.36. Adjusted net earnings were $246 million, and EPS was $3.49, excluding restructuring, acquisition and other charges. Net sales for the first quarter of 2021 were $2.7 billion, up 16.8% as reported and 9.1% on a constant currency and days basis. For the first quarter of 2020, net sales were $2.3 billion, net earnings were $111 million and EPS was $1.54, adjusted net earnings were $119 million, and EPS was $1.66, excluding restructuring, acquisition and other charges.
- 04/29/2021
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Earnings Outlook for Mohawk Industries
- Mohawk Industries (NYSE:MHK) unveils its next round of earnings this Thursday, April 29. Here is Benzinga's everything-that-matters guide for the earnings announcement.
- 04/28/2021
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Mohawk (MHK) to Report Q1 Earnings: What's in the Offing?
- Improved sales and strong segmental prospects are likely to reflect on Mohawk Industries' (MHK) first-quarter 2021 results.
- 04/26/2021
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Mohawk Industries (MHK) Earnings Expected to Grow: Should You Buy?
- Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/22/2021
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5 Top Stocks at the Forefront of S&P 500 ETF Rally This Year
- The S&P 500 has been hitting a series of record highs on expectation of stronger economic recovery and bouts of solid economic data.
- 04/12/2021
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Economic Diagnosis After 1 Year of COVID-19: 6 Stock Picks
- Let us examine the health of the U.S. economy this World Health Day and bring to investors' attention the key developments and some solid picks for a robust investment portfolio.
- 04/07/2021
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Mohawk Industries, Inc. Invites You to Join the First Quarter 2021 Conference Call on the Web
- CALHOUN, Ga., April 05, 2021 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2021 earnings release on Thursday April 29, 2021 you are invited to listen to its conference call that will be broadcast live on Friday April 30, 2021 at 11:00 am ET.
- 04/05/2021
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Textile-Home Furnishing Industry Looks Great: 3 Stocks to Watch
- Textile-Home Furnishing Industry Looks Great: 3 Stocks to Watch
- 03/25/2021
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Is Mohawk Industries (MHK) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/24/2021
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10 Shy Blue-Chip Stocks That Deserve the Spotlight
- If you're looking for shy blue-chip stocks to buy, here are 10 with lower-than-average trading volumes to get you on your way. The post 10 Shy Blue-Chip Stocks That Deserve the Spotlight appeared first on InvestorPlace.
- 03/23/2021
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Mohawk Industries (MHK) Up 18.4% Since Last Earnings Report: Can It Continue?
- Mohawk Industries (MHK) reported earnings 30 days ago. What's next for the stock?
- 03/13/2021
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Why Mohawk Industries (MHK) Might be Well Poised for a Surge
- Mohawk Industries (MHK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 03/10/2021
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Solid Consumer Confidence Confirms Economic Recovery: 6 Picks
- We have narrowed down our search to six consumer discretionary stocks that have surged more than 15% year to date and still have strong upside potential for 2021. These are: CROX, MBUU, SNBR, ATGE, MHK and BC
- 02/24/2021
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Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q4 2020 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q4 2020 Results - Earnings Call Transcript
- 02/12/2021
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Mohawk's (MHK) Shares Jump on Q4 Earnings and Revenue Beat
- Improved productivity, higher volume and low inflation help Mohawk Industries (MHK) to post better-than-expected fourth-quarter results.
- 02/12/2021
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Mohawk Industries (MHK) Surpasses Q4 Earnings and Revenue Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of 22.92% and 5.64%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/11/2021
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Mohawk Industries: Q4 Earnings Insights
- Shares of Mohawk Industries (NYSE:MHK) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 57.33% over the past year to $3.54, which beat the estimate of $2.87.
- 02/11/2021
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Mohawk Industries Reports Q4 Results
- CALHOUN, Ga., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 fourth quarter net profit of $248 million and diluted earnings per share (EPS) of $3.49. Adjusted net earnings were $252 million, and EPS was $3.54, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2020 were $2.6 billion, an increase of 9.0% as reported and 5.5% on a constant currency and days basis. For the fourth quarter of 2019, net sales were $2.4 billion, net earnings were $265 million and EPS was $3.68, which included a one-time tax benefit. Adjusted net earnings were $162 million, and EPS was $2.25, excluding restructuring, acquisition and other charges in addition to the one-time tax benefit.
- 02/11/2021
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Markel Gayner Cuts Rollins, Mohawk Industries
- Tom Gayner (Trades, Portfolio)'s Markel Gayner Asset Management Corp. sold shares of the following stocks during the fourth quarter, which ended on Dec. 31.
- 02/10/2021
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Mohawk Industries Names James F. Brunk Chief Financial Officer
- CALHOUN, Ga., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the appointment of James F. Brunk as chief financial officer, effective April 1, 2021.
- 02/10/2021
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Why Mohawk (MHK) Might Surprise This Earnings Season
- Mohawk (MHK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/10/2021
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Tom Gayner's Top 5 Trades of the 4th Quarter
- Guru establishes 2 new positions, but major trades were in existing holdings
- 02/08/2021
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Mohawk Acquires E-Commerce Assets For $15.3M, Raises FY21 Forecast
- Mohawk Group Holdings, Inc. (NASDAQ: MWK) acquired the assets of essential oil e-commerce company Healing Solutions, LLC, for $15.3 million in cash and 1.4 million shares of Mohawk's common stock.
- 02/02/2021
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Mohawk Industries, Inc. Invites You to Join the Fourth Quarter 2020 Conference Call on the Web
- CALHOUN, Ga., Jan. 06, 2021 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Fourth Quarter 2020 earnings release on Thursday February 11, 2021 you are invited to listen to its conference call that will be broadcast live on Friday February 12, 2021 at 11:00 am ET.
- 01/06/2021
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Mohawk Industries: A Cheap Way To Play The Booming Housing Market - Behind The Idea
- Underappreciated advantage with new tariffs (08/20) on Chinese Luxury Vinyl Tile (LVT)/ vinyl flooring, and additional Ceramic tile tariffs in late 2019. Mohawk (MHK) recently won a blockage order (09/16/20) from competing Chinese LVT products imported from abroad that stole MHK's patented locking mechanisms in both glue-less rigid and multi-layer flooring.
- 11/04/2020
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Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q3 2020 Results - Earnings Call Transcript
- Mohawk Industries, Inc. (MHK) CEO Jeff Lorberbaum on Q3 2020 Results - Earnings Call Transcript
- 10/30/2020
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Mohawk Industries Reports Q3 Results
- CALHOUN, Ga., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 third quarter net profit of $205 million and diluted earnings per share (EPS) of $2.87. Adjusted net earnings were $233 million, and EPS was $3.26, excluding restructuring, acquisition and other charges. Net sales for the third quarter of 2020 were $2.6 billion, an increase of 2% as reported and on a constant currency basis. For the third quarter of 2019, net sales were $2.5 billion, net earnings were $156 million and EPS was $2.15, adjusted net earnings were $199 million, and EPS was $2.75, excluding restructuring, acquisition and other charges.
- 10/29/2020
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Area Rugs Market to Reach $ 5.12 bn by 2024, Balta Group NV, Berkshire Hathaway Inc., and The Natural Carpet Co., Emerge as Key Contributors | Technavio
- The Global Area Rugs Market will grow by USD 5.12 bn during 2020-2024
- 10/22/2020
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Armstrong Flooring Reports Third Quarter 2020 Results
- Armstrong Flooring, Inc. (NYSE: AFI) (“Armstrong Flooring” or the “Company”), a leader in the design and manufacture of innovative flooring solutions,
- 10/21/2020
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Armstrong Flooring Hires Amy Trojanowski as Chief Financial Officer
- Armstrong Flooring, Inc. (
- 10/19/2020
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Core Molding Technologies (NYSE:CMT) and Armstrong Flooring (NYSE:AFI) Critical Survey
- Core Molding Technologies (NYSE:CMT) and Armstrong Flooring (NYSE:AFI) are both small-cap industrial products companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, risk, dividends, institutional ownership, earnings, profitability and valuation. Institutional and Insider Ownership 53.1% of Core Molding Technologies shares are held by […]
- 10/15/2020
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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.45%
- Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.45%
- 10/15/2020
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Reviewing Armstrong Flooring (NYSE:AFI) & Newell Brands (NYSE:NWL)
- Armstrong Flooring (NYSE:AFI) and Newell Brands (NASDAQ:NWL) are both construction companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, profitability, valuation, analyst recommendations, dividends, earnings and risk. Profitability This table compares Armstrong Flooring and Newell Brands’ net margins, return on equity and return […]
- 10/09/2020
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Floor Covering Market Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions 2025 Available at Research Reports World
- Oct 06, 2020 (The Expresswire) --
Global "Floor Covering Market" (2020-2025) Industry Research Report is an expert and inside and out examination on the flow...
- 10/06/2020
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Area Rugs Market Will Showcase Negative Impact During 2020-2024 | Growing Popularity Of Omnichannel Retailing to Boost the Market Growth | Technavio
- The Global Area Rugs Market will grow by USD 5.12 bn during 2020-2024
- 10/06/2020
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Engineers Gate Manager LP Boosts Position in Armstrong Flooring Inc (NYSE:AFI)
- Engineers Gate Manager LP raised its stake in shares of Armstrong Flooring Inc (NYSE:AFI) by 286.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,805 shares of the construction company’s stock after buying an additional 59,914 shares during the quarter. Engineers Gate Manager […]
- 09/29/2020
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Carpet Museum to display stylish face masks [PHOTO]
- As the coronavirus pandemic becomes part of everyday life, many fashion brands have started to manufacture stylish face masks.
- 09/25/2020
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Know More About Global Vinyl Acetate Ethylene Copolymer Powder Market Forecast to 2029
- Pune, Maharashtra, India, September 24 2020 (Wiredrelease) Prudour Pvt. Ltd –:The “Global Vinyl Acetate Ethylene Copolymer Powder market | eTurboNews | Trends | Travel News |
- 09/24/2020
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Global Polymer Dispersion (Acrylic, Vinyl, Polyurethane, SB, Others) Markets, 2013-2018 & 2019-2024 - ResearchAndMarkets.com
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Jacobs Levy Equity Management Inc. Decreases Holdings in Armstrong Flooring Inc (NYSE:AFI)
- Jacobs Levy Equity Management Inc. lowered its position in Armstrong Flooring Inc (NYSE:AFI) by 42.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,713 shares of the construction company’s stock after selling 46,150 shares during the quarter. Jacobs Levy Equity Management […]
- 09/23/2020
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Vinyl Records Market- Roadmap for Recovery from COVID-19 | Promotional Activities to Boost the Market Growth | Technavio
- The Global Vinyl Records Market will grow by USD 337.21 mn during 2020-2024
- 09/17/2020
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Vinyl Records Market in Europe - Post Pandemic Recovery Plan - Strategies and Processes | Aesthetic Appeal of Vinyl Records to Boost Market Growth | Technavio
- The Vinyl Records Market in Europe will grow by $ 91.94 mn during 2020-2024
- 09/15/2020
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Mohawk Industries, Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Mohawk Industries, Inc. in conjunction with their 2020 Q2 earnings call..
- 09/10/2020
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Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q2 2020 Update
- Atlantic Investment Management’s 13F portfolio value increased from $177M to $204M. The number of positions decreased from 18 to 9.
- 09/01/2020
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New Mexico Educational Retirement Board Has $407,000 Position in Mohawk Industries, Inc. (NYSE:MHK)
- New Mexico Educational Retirement Board grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 8.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,000 shares of the company’s stock after buying an additional 300 shares during the period. New Mexico Educational Retirement Board’s holdings in […]
- 08/22/2020
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Signet Jewelers Enables Safe Shopping with Debut of New Love Takes Care® Safety Program and Expanded eCommerce Options
- To fight COVID-19 while reopening stores across the U.S., Signet Jewelers (NYSE: SIG) today announced the introduction of its comprehensive Love Takes Care® store safety program, aimed at heightening safety to both customers and employees. Created in collaboration with Cleveland Clinic – the No. 2 ranked hospital in the nation according to U.S. News and World Report, the program's protocols follow or exceed guidance from the Centers for Disease Control & Prevention. The program covers everything from social distancing and customer face mask requirements, to jewelry try-on procedures and safe piercing protocols, to daily employee symptom screenings.
- 08/18/2020
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Olstein Capital Trims Lowe's, eBay Holdings
- Firm's largest sales of the 2nd quarter Continue reading...
- 08/17/2020
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MOHAWK INDUSTRIES INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Mohawk Industries, Inc. - MHK
- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Mohawk Industries, Inc. (NYSE: MHK).
- 08/15/2020
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Kaskela Law LLC Announces Investigation of Mohawk Industries, Inc. (MHK) on Behalf of Stockholders and Encourages Long-Term MHK Stockholders to Contact the Firm
- Kaskela Law LLC announces that it is investigating Mohawk Industries, Inc. ("Mohawk" or the "Company") (NYSE: MHK) on behalf of the company's stockholders. The investigation seeks to determine whether the members of Mohawk's board of directors breached their fiduciary duties to Mohawk and its stockholders.
- 08/13/2020
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Companies are talking about turning 'furloughs' into permanent layoffs
- These permanent cost cutting initiatives are only going to widen the disconnect between Wall Street and Main Street
- 08/11/2020
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If Ben Graham Were Alive, He Might Like These 4 Stocks
- Each year, I try to channel the legend's spirit and make a guess about what stocks he would choose were he alive today Continue reading...
- 08/10/2020
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After 150 days of the COVID-19 pandemic, here are the best- and worst-performing stocks
- The tech sector is still in the lead, but consumer-discretionary group trails only slightly.
- 08/10/2020
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Mohawk's (MHK) Shares Rise on Q2 Earnings and Revenue Beat
- Improved shipments help Mohawk Industries (MHK) to post better-than-expected Q2 results.
- 08/07/2020
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Mohawk Industries Reports Q2 Results
- CALHOUN, Ga., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 second quarter net loss of $48 million and diluted loss per share of $0.68. Adjusted net earnings were $26 million, and earnings per share (EPS) was $0.37, excluding restructuring, acquisition and other charges. Net sales for the second quarter of 2020 were $2.0 billion, down 21% as reported and 19% on a constant currency basis. For the second quarter of 2019, net sales were $2.6 billion, net earnings were $202 million and EPS was $2.79, adjusted net earnings were $210 million, and EPS was $2.89, excluding restructuring, acquisition and other charges.For the six months ending June 27, 2020, net earnings and EPS were $62 million and $0.87, respectively. Net earnings excluding restructuring, acquisition and other charges were $146 million and EPS was $2.04. For the 2020 six-month period, net sales were $4.3 billion, a decrease of 14% versus prior year as reported or 11.5% on a constant currency and days basis. For the six-month period ending June 29, 2019, net sales were $5.0 billion, net earnings were $324 million and EPS was $4.48; excluding restructuring, acquisition and other charges, net earnings and EPS were $364 million and $5.04.Commenting on Mohawk Industries’ second quarter performance, Jeffrey S. Lorberbaum, Chairman and CEO, stated, “Though sales trends have improved significantly since government restrictions were lifted, the current environment is the most unpredictable in the history of our business. During the quarter, all of our businesses were dramatically impacted, with most of our customers and facilities operating either in a limited capacity or completely shut down for some time. After the company’s sales bottomed in April, our markets improved more than we expected, and shipments exceeded our production rates, reducing our inventories. Our manufacturing levels were impacted by government restrictions, Covid disruptions and employee absenteeism across the enterprise.At this time, our visibility into the future continues to be uncertain due to the persistent Covid spread and the unknown strength of the economic recovery. Some near-term factors represent a potential upside, including historically low interest rates, rising remodeling activity, consumer discretionary funds being shifted to home improvements and increasing home purchases. Alternately, potential changes in government policies, consumer and business spending and higher Covid infection rates could reduce demand around the world, particularly if governments increase restrictions. Given these factors, our business plans must remain flexible to quickly adjust our production levels.We are restructuring our business to enhance our results and our future performance. We are reducing SG&A, headcount and lower performing products and SKUs. We are closing less efficient operations and investing in more productive equipment. The largest of these changes are in the U.S., where LVT sales growth and the strong dollar have impacted many of our businesses. We anticipate these global actions will deliver annual savings of approximately $110 to $120 million, with an estimated cost of approximately $170 million, of which the cash cost is approximately $44 million. It will take much of the next year to complete these initiatives and capture the full benefit.For the quarter, our Global Ceramic Segment sales declined 21% as reported and 19% on a constant currency and days basis. As reported, the segment had an operating loss of $34 million, but excluding restructuring cost was slightly profitable. The decline year over year was primarily due to lower volume and shutdowns attributable to Covid and unfavorable price and mix, partially offset by actions to reduce cost across the business. While business in all of our markets has improved, the strength of our future demand is unknown, so we are reducing our cost structure, decreasing complexity and aligning production with our present sales. In the U.S. ceramic market, many of our retail customers were closed for some time, while construction continued in most markets. To manage the situation, we reduced cost across the business, including furloughs to decrease our overhead, cutting marketing activity, deferring product introductions and controlling manufacturing and distribution costs. Our new countertop facility in Tennessee is ramping up as we expected with cost and productivity continuing to improve. Given pressures on the U.S. ceramic industry, we are consolidating manufacturing into our most advanced facilities and closing our least efficient assets. Our manufacturing operations in Mexico are currently running but were limited during the second quarter under government orders. We are rationalizing our product offering and increasing our position in both premium and promotional products. In Brazil, sales are improving as retail stores re-open in major cities. With inventories low, we are increasing our production to support sales and taking actions to reduce our cost structures. Our southern European ceramic business was impacted by severe lockdowns, especially in Italy; and our Eastern European operations were less affected. All of our plants in Europe are ramping up to satisfy demand, and our service levels should soon approach our target. In Russia, our ceramic business declined significantly when the country locked down and our plants are now operating at similar rates to last year. We are placing a greater emphasis on the new construction channel, which the Russian government is investing in to support the economy.During the quarter, our Flooring North America Segment’s sales decreased 19% as reported with an operating loss of $45 million as reported and $17 million after excluding restructuring charges. The operating loss was primarily due to lower volume and shutdowns due to Covid partially offset by lower inflation and cost reduction actions in the segment. The segment’s sales declined substantially in April and then improved throughout the quarter as consumers started shopping and remodeling their homes. To enhance the segment’s performance, we are reducing our overhead cost and lowering our SG&A. We are taking out higher cost manufacturing assets and consolidating distribution points. We are streamlining our product offering and investing in more efficient assets to reduce costs. As our LVT sales improved in the quarter, we are increasing our production, and upgrading our LVT offering. In residential carpet, the new home construction channel performed best with housing sales and starts improving through the period. Our mix and pricing declined as the higher value remodeling channel was more impacted and lower priced polyester performed better. The commercial sector continues to be challenged, as many businesses are postponing new investments. Our rug business was severely impacted as many of our customers were completely shut down and has now rebounded as consumers used our rugs to enhance their homes. Our laminate business outperformed our other categories as consumers increased DIY and remodeling projects while at home. For the quarter, our Flooring Rest of the World Segment’s sales decreased 23% as reported and 20% on a constant currency basis. The segment’s operating margin was 6% as reported or 12% after excluding restructuring charges due to shutdowns and lower volume from Covid as well as unfavorable price and mix, partially offset by lower inflation and productivity actions. Our Flooring Rest of the World results continue to outperform our other segments. The distribution of the segment’s business is much greater in residential remodeling, which is performing better than the commercial category. Across the segment, we have reduced our overhead costs and are consolidating lower volume SKUs. We are now increasing production to meet emerging demand while protecting our employees’ health. Our laminate business outperformed our other products as our waterproof collections and new introductions are increasing consumer preference for our products. Our flexible and rigid LVT sales improved as we progressed through the period as retailers re-opened in our key markets. In Europe, we manufacture almost all of our LVT, and it is positively contributing to our results. In Russia, our new sheet vinyl plant also positively contributed to our results, and we have broadened our product offering to increase our market share. When restrictions were lifted, our insulation and board businesses rebounded in June as contractors completed projects already underway. The Covid crisis was handled differently in Australia and had a less detrimental impact on our performance. The Australian market has largely recovered, and we are seeing improved residential carpet and hard surface sales. New Zealand’s economy is now open, the virus has been contained and our sales are improving.Since April, we have seen substantial improvement in all of our businesses and markets. The residential remodeling and new construction channels have recovered more than commercial, where businesses are maintaining a cautious approach to investment. Some areas, particularly the U.S., Brazil and Russia, are experiencing an increasing level of Covid cases, which are impacting our operational costs and production levels. Across the business, we are decreasing costs by rationalizing assets, minimizing SG&A, reducing our workforce and managing our product offering and working capital. Much uncertainty remains around all of our markets regarding government policies, business confidence and consumer spending. Our sales in July were approximately flat compared to prior year, but we cannot predict how the sales will evolve going forward.
- 08/06/2020
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Signet Jewelers Announces Timing Of Fiscal 2021 Second Quarter Earnings Release And Conference Call
- Signet Jewelers Limited (NYSE: SIG) intends to announce its second quarter results at approximately 7:00 a.m. ET on Thursday, September 3, 2020.
- 08/06/2020
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Mohawk Industries' (NYSE:MHK) Stock Price Has Reduced67% In The Past Three Years
- If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But...
- 08/05/2020
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Raymond James & Associates Sells 6,308 Shares of Mohawk Industries, Inc. (NYSE:MHK)
- Raymond James & Associates lessened its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,628 shares of the company’s stock after selling 6,308 shares during the quarter. Raymond James & Associates owned approximately […]
- 08/04/2020
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Sumitomo Mitsui Trust Holdings Inc. Has $25.44 Million Stock Position in Mohawk Industries, Inc. (NYSE:MHK)
- Sumitomo Mitsui Trust Holdings Inc. grew its stake in Mohawk Industries, Inc. (NYSE:MHK) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 250,023 shares of the company’s stock after purchasing an additional 3,039 shares during the quarter. Sumitomo Mitsui Trust […]
- 08/04/2020
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Mohawk Industries, Inc. (NYSE:MHK) Holdings Cut by Nisa Investment Advisors LLC
- Nisa Investment Advisors LLC reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 31,145 shares of the company’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Mohawk Industries were worth $3,169,000 as of its most recent SEC […]
- 08/01/2020
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Mohawk Industries (MHK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- Mohawk Industries (MHK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/30/2020
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Is It Time to Buy the S&P 500's 3 Worst-Performing July Stocks?
- Stocks have continued to rebound from the coronavirus-driven sell-offs that rocked the market in March, and the S&P 500 index is now roughly flat on the year. FirstEnergy (NYSE: FE), Intel (NASDAQ: INTC), and Mohawk Industries (NYSE: MHK) have each sank by double digits despite the broader rally and are the S&P 500's biggest losers this month. Buying quality companies that are experiencing temporary setbacks can dramatically improve your long-term returns, but you also have to be mindful of dangers that come with this move.
- 07/30/2020
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Will Soft Sales Volume Impact Mohawk (MHK) Q2 Earnings?
- Lower demand and reduced production volume are likely to reflect on Mohawk Industries' (MHK) second-quarter 2020 results.
- 07/28/2020
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Mohawk Industries, Inc. Second Quarter 2020 Earnings Call
- CALHOUN, Ga., July 28, 2020 (GLOBE NEWSWIRE) -- As previously disclosed on June 29, 2020, the Company received an amended complaint related to the stockholder litigation that was previously filed on January 5, 2020. The Company’s independent audit committee authorized both outside legal counsel and forensic accountants to conduct an investigation of the allegations. To allow the investigation to progress, the Company is rescheduling its earnings call to August 7, 2020 at 11:00 AM ET following the expected filing of its Form 10-Q on August 6, 2020. Live over the Internet:www.mohawkind.com, select investor information Live Conference Call:Dial 1-800-603-9255 (US/Canada) Dial 1-706-634-2294 (Int’l) Dial 1-253-237-1879 (Int’l) Conference ID: 8039409 Mohawk Industries is the leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. Mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Karastan, IVC, Marazzi, Mohawk, Pergo, Quick-Step and Unilin. During the past decade, Mohawk has transformed its business from an American carpet manufacturer into the world’s largest flooring company with operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.For those unable to listen at the designated time, the call will remain available for replay over Mohawk Industries, Inc. investor relations website through September 4, 2020 or by dialing 1-855-859-2056 (US/Canada) or 1-404-537-3406 (Int’l/Local) and entering Conference ID 8039409.Contact: Mohawk Industries, Inc. Frank Boykin, Chief Financial Officer 706-624-2695
- 07/28/2020
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Global Wood Panels Industry, 2027: Trends and Developments Resulting from the COVID-19 Pandemic - ResearchAndMarkets.com
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Mohawk Industries (MHK) Expected to Beat Earnings Estimates: Should You Buy?
- Mohawk Industries (MHK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2020
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Kaskela Law LLC Announces Investigation of Mohawk Industries, Inc. (MHK) and Encourages Long-Term MHK Stockholders to Contact the Firm
- Kaskela Law LLC announces that it is investigating Mohawk Industries, Inc. ("Mohawk" or the "Company") (NYSE: MHK) on behalf of the Company's stockholders.
- 07/22/2020
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Update in Lawsuit for Investors in Mohawk Industries, Inc. (NYSE: MHK) shares announced by Shareholders Foundation
- SAN DIEGO, CA / ACCESSWIRE / July 22, 2020 / The Shareholders Foundation, Inc.
- 07/22/2020
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Third Avenue Value Fund Q2 2020 Letter
- For over 25 years, Third Avenue Management has consistently pursued a fundamental, bottom-up approach to deep value and distressed investing.
- 07/21/2020
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Mohawk Industries (MHK) Gets a Sell Rating from RBC Capital - Markets
- In a report issued on July 15, Michael Dahl from RBC Capital maintained a Sell rating on Mohawk Industries (MHK
- 07/20/2020
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Mohawk Industries, Inc. (NYSE:MHK) Forecasted to Post Q4 2020 Earnings of $1.55 Per Share
- Mohawk Industries, Inc. (NYSE:MHK) – Stock analysts at Jefferies Financial Group raised their Q4 2020 earnings estimates for shares of Mohawk Industries in a note issued to investors on Friday, July 17th. Jefferies Financial Group analyst P. Ng now anticipates that the company will post earnings per share of $1.55 for the quarter, up from […]
- 07/20/2020
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Hanson & Doremus Investment Management Has $48,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)
- Hanson & Doremus Investment Management reduced its stake in Mohawk Industries, Inc. (NYSE:MHK) by 49.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 474 shares of the company’s stock after selling 456 shares during the period. Hanson & Doremus Investment Management’s holdings in […]
- 07/19/2020
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Heritage Wealth Advisors Invests $117,000 in Mohawk Industries, Inc. (NYSE:MHK)
- Heritage Wealth Advisors bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $117,000. Several other institutional investors have also added […]
- 07/19/2020
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Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Envestnet Asset Management Inc.
- Envestnet Asset Management Inc. grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 57.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,111 shares of the company’s stock after purchasing an additional 26,182 shares during the quarter. Envestnet Asset Management Inc.’s holdings […]
- 07/18/2020
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Notifies Mohawk Industries (MHK) Investors of Investigation into Whether Board of Directors Should be Held Accountable, Encourages Long-Time Investors to Contact Firm
- SAN FRANCISCO, July 17, 2020 -- Hagens Berman urges long-time investors in Mohawk Industries, Inc. (NYSE: MHK) to contact the firm now. The firm is investigating possible.
- 07/17/2020
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Cross-Sector: Market Data Highlights
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Were Hedge Funds Right About Signet Jewelers Limited (SIG)?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/16/2020
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Mohawk Industries (NYSE:MHK) Shares Gap Down After Analyst Downgrade
- Mohawk Industries, Inc. (NYSE:MHK) gapped down prior to trading on Wednesday after Wells Fargo & Co lowered their price target on the stock from $80.00 to $70.00. The stock had previously closed at $78.53, but opened at $74.21. Wells Fargo & Co currently has an underweight rating on the stock. Mohawk Industries shares last traded […]
- 07/16/2020
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Mohawk Industries (NYSE:MHK) Given New $70.00 Price Target at Wells Fargo & Co
- Mohawk Industries (NYSE:MHK) had its price target lowered by Wells Fargo & Co from $80.00 to $70.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has an underweight rating on the stock. A number of other equities research analysts have also issued reports on the stock. Nomura Instinet […]
- 07/15/2020
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The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Mohawk Industries, Inc. Investors (MHK)
- The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Mohawk Industries, Inc. ("Mohawk" or the "Company") (NYSE: MHK) concerning whether the board breached its fiduciary duties to shareholders.
- 07/14/2020
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Why Mohawk Industries Stock Dropped 11% This Morning
- Shares of flooring products manufacturer Mohawk Industries (NYSE: MHK) were pummeled this morning, falling 11.5% after the company revealed in an 8-K filing with the Securities and Exchange Commission that it is the subject of a civil lawsuit, and that it has received subpoenas from both the U.S. Attorney's Office for the Northern District of Georgia and the SEC.
- 07/14/2020
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Mohawk, Flooring Maker, Faces Lawsuit and SEC Inquiry
- Mohawk Industries shares are lower Tuesday after the flooring maker said it was the subject of a lawsuit and an SEC inquiry.
- 07/14/2020
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Mohawk (MHK) in Focus: Stock Moves 8.7% Higher
- Mohawk (MHK) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
- 07/14/2020
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Mohawk Stock Down as New Court Filings Allege Multiple Issues (Revised)
- Mohawk Industries' (MHK) former employee claims that it has been using fictitious sales to artificially boost revenues since 2017.
- 07/14/2020
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Mohawk Dips Nearly 5% After Disclosing Federal Securities Violation Class Action
- The shares of Mohawk Industries, Inc. (NYSE: MHK) dipped in the after-hours session on Monday after the company disclosed that it is facing a class action over alleged federal securities law violations.What Happened In a filling with the Securities and Exchange Commission, the flooring products manufacturer said the lawsuit was filed against the company and Chief Executive Officer Jeff Lorberbaum in the Northern District of Georgia on June 29.The petitioners have alleged that Mohawk fabricated sales "by attempting delivery to customers that were closed and recognizing these attempts as sales."The complaint says that the company overproduced goods to "report higher operating margins," and maintained a higher inventory than it could sell.The Georgia-based company also "valued certain inventory improperly or improperly delivered inventory with knowledge that it was defective and customers would return it," the lawsuit alleges, according to the filing.Mohawk said it "intends to vigorously defend itself in the lawsuit," and the company is well-positioned "with a strong balance sheet and limited debt."Moody's Says Allegations 'Credit Negative'In a note later in the day, Moody's Investor Service said the allegations against Mohawk are "credit negative and suggest aggressive business practices and potential corporate governance weaknesses."Moody's added that the company, nevertheless, has "good liquidity" bolstered by recent debt offerings.The firm maintained its Baa1 rating on Mohawk's debt, saying the "allegations will take time to litigate."Price Action Mohawk shares traded 4.7% lower at $72.99 in the after-hours session on Monday. The shares had closed the regular session 8.7% higher at $76.60.See more from Benzinga * Shopify Rival BigCommerce Files For IPO * Australia's University Of Queensland Starts COVID-19 Vaccine Clinical Trials * US Secret Service Purchased Blockchain Analytics Software From Cryptocurrency Exchange Coinbase(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/14/2020
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Mohawk Drops 5% In Extended Trading Amid Lawsuit For Improperly Boosting Sales, Margins
- Shares in Mohawk Industries (MHK) dropped almost 5% in extended market trading on Monday after the flooring company disclosed that it is being sued for allegedly “fabricating” sales and overproducing products to report higher operating margins, among other violations.The stock declined to $72.99 in Monday’s after-market trading. According to a SEC filing, an amended class action complaint for violations of federal securities laws was filed against Mohawk and its CEO Jeff Lorberbaum in the Northern District of Georgia on June 29. The complaint alleges that Mohawk fabricated revenues by attempting delivery to customers that were closed and reporting these as sales. It is also claimed that the flooring company overproduced product to report higher operating margins and maintained “significant” inventory that was not salable and that it improperly delivered inventory knowing that it was defective and customers would return it.“The company intends to vigorously defend itself in the lawsuit,” Mohawk said in the filing.Furthermore, the company reported that on June 25, it received subpoenas by the U.S. Attorney’s Office for the Northern District of Georgia and the SEC on topics similar to those raised by the amended complaint adding that it is cooperating with those authorities.Mohawk’s operations have been hit hard by the lockdown mandates during the coronavirus outbreak sending its shares down 49% so far this year.Commenting on its financial situation, Mohawk said that it is well positioned with a strong balance sheet and limited debt to navigate through the current economic disruption.“We have recently issued over $1 billion of long-term bonds to strengthen our ability to strategically invest and better position Mohawk for the future,” the company said. “Our operations are improving as countries adapt to Covid-19.”Five-star analyst Philip Ng at Jefferies reiterated a Hold rating on the stock with a $115 price target (50% upside potential), saying that while shares could see short-lived rally relief following "far better than feared" decline in U.S. floor covering sales in Q2, he also could see shares fading given ongoing concerns around the pending litigation.The rest of the Street is in line with Ng’s sidelined rating outlook. The Hold analyst consensus shows 3 Holds and 5 Sells versus 6 Buys. Meanwhile, the $98.27 average price target suggests shares are poised to advance 28% over the coming year. (See MHK's stock analysis on TipRanks)Related News: Hewlett Packard To Buy Silver Peak For $925M To Boost Cloud Solutions Google Faces Antitrust Investigation From Its Home State, California Facebook Files Lawsuits In U.S., Europe Against Abuse On Its Platforms More recent articles from Smarter Analyst: * Boeing Nabs $23B US Air Force Contract; First Fighter Jet Order Now In * Google Faces Antitrust Investigation From Its Home State, California * Apple Pledges $400M To Address California’s Housing Crisis * Hewlett Packard To Buy Silver Peak For $925M To Boost Cloud Solutions
- 07/14/2020
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Mohawk Industries (MHK) Gets a Sell Rating from Wells Fargo - Markets
- In a report released yesterday, Truman Patterson from Wells Fargo maintained a Sell rating on Mohawk Industries (MHK – Research
- 07/14/2020
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Stocks - JP Morgan, Citigroup Rise Premarket on Q2 Reports; Wells Drops
- Stocks - JP Morgan, Citigroup Rise Premarket on Q2 Reports; Wells Drops
- 07/14/2020
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Stocks making the biggest moves after hours: Tesla, BioNTech, Moderna and more
- See which stocks are posting big moves after the bell.
- 07/13/2020
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Mohawk Industries accused of fabricating sales, other violations; stock falls 8%
- Shares of Mohawk Industries Inc. fell more than 8% in the extended session Monday after the maker of carpets and other floor covering products said it is being sued for federal securities law violations and it is under a SEC investigation for those alleged violations. Debt ratings Moody's Investors Service added to the company's woes by calling the allegations, which include claims that the company fabricated sales figures, "credit negative and suggest aggressive business practices and potential corporate governance weaknesses." For the time being, however, Moody's kept its investment-grade Baa1 ratings on Mohawk's debt "because the company has good liquidity bolstered by recent debt offerings and the allegations will take time to litigate," Moody's said. Mohawk intends to "vigorously defend itself" in the lawsuit, it said in a filing Monday. A complaint was filed on June 29 against the company and Chief Executive Jeff Lorberbaum, Mohawk said. It alleges that the company fabricated revenue by attempting delivery to customers that were closed and recognizing these attempts as sales, that it overproduced goods to report higher operating margins and maintained "significant" inventory that it knew it couldn't sell, and valued some inventory improperly or improperly delivered inventory knowing that it was defective and customers would return it, the company said in the filing. Mohawk said that on June 25 it received subpoenas from the U.S. Attorney's Office for the Northern District of Georgia and the SEC "on topics similar to those raised" by the complaint. The company is cooperating with those authorities, it said in the filing. Shares of Mohawk ended the regular trading day up 8.7%.
- 07/13/2020
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Mohawk Industries, Inc. -- Moody's - Mohawk Industries Inc.: Allegations of accounting improprieties are credit negative
- Moody's Investors Service, (Moody's) commented that allegations against Mohawk Industries, Inc (Mohawk) of channel stuffing and intentionally overproduced product are credit negative and suggest aggressive business practices and potential corporate governance weaknesses. All rights reserved.
- 07/13/2020
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Did Hedge Funds Make The Right Call On Mohawk Industries, Inc. (MHK) ?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/13/2020
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Ceramics Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Need For Less Energy to Boost the Market Growth | Technavio
- The Global Ceramics Market will grow by USD 108.7 bn during 2020-2024
- 07/13/2020
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State Street Corp Has $215.48 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)
- State Street Corp lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,826,361 shares of the company’s stock after selling 1,825 shares during the quarter. State Street Corp owned approximately 3.97% of Mohawk Industries worth $215,482,000 […]
- 07/12/2020
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Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by APG Asset Management N.V.
- APG Asset Management N.V. boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 82.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,370 shares of the company’s stock after buying an additional 33,689 shares during the quarter. APG Asset Management N.V. […]
- 07/12/2020
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Advisor Group Holdings Inc. Purchases Shares of 7,848 Mohawk Industries, Inc. (NYSE:MHK)
- Advisor Group Holdings Inc. purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,848 shares of the company’s stock, valued at approximately $603,000. A number of other institutional investors have also recently bought and […]
- 07/12/2020
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MHK Long -Term Investor Alert: Johnson Fistel Continues to Investigate Mohawk Industries; Should Management be Held Accountable for Investors Losses?
- SAN DIEGO, July 10, 2020 -- Johnson Fistel, LLP is investigating potential claims on behalf of Mohawk Industries, Inc. ("Mohawk" or the "Company") (NYSE: MHK) against certain.
- 07/10/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.44%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.44%
- 07/10/2020
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SHAREHOLDER ALERT: Investigation of Mohawk Announced by Holzer & Holzer, LLC
- Holzer investigates Mohawk
- 07/09/2020
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Thursday Morning Market Highlights
- Markets in the red, Bed Bath & Beyond plummets on earnings Continue reading...
- 07/09/2020
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Mohawk Industries' stock dives, as analyst says lawsuit could an 'overhang' for months
- Shares of Mohawk Industries Inc. plunged 19.1% in midday trading Thursday, amid concerns over a lawsuit against the commercial flooring products company regarding alleged financial misconduct. The stock has taken a 28.4% dive over the past three days, as details of the lawsuit have become more known. J.P. Morgan analyst Michael Rehaut said the details of the class action complaint, as provided in a filing dated June 29 by the Public Employees' Retirement System of Mississippi, included channel stuffing at the end of the quarter and intentionally overproducing product in order to expand operating efficiencies and benefit margins. "While the veracity of these accusations will likely not be determined until after an extended legal process, which may take the next several months if not longer, we believe that until this matter has been concluded, this lawsuit will likely remain an overhang on the stock...," Rehaut wrote in a note to clients. "Additionally, we believe a higher level of risk now exists for the company due to this lawsuit, given its fairly granular level of detail across the allegations, combined with quotes from interviews with several former employees (including a distribution center manager and a former member of the executive team)." The stock has tumbled 45.8% year to date, while the S&P; 500 has lost 2.8%.
- 07/09/2020
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MOHAWK INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Mohawk Industries, Inc. To Contact The Firm
- NEW YORK, July 09, 2020 -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mohawk Industries, Inc. (“Mohawk” or the.
- 07/09/2020
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Why Shares of Mohawk Industries Are Falling Today
- Shares of Mohawk Industries (NYSE: MHK) fell more than 20.43% as of 11:30 a.m. on Thursday morning as Wall Street analysts weigh in on allegations of fraud at the carpeting and flooring manufacturer. In January, the Public Employees' Retirement System of Mississippi filed a lawsuit claiming accounting fraud at Mohawk. The suit did not get a lot of attention at the time, but new filings submitted in late June add significant details about the allegations and have gotten Wall Street's attention.
- 07/09/2020
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Mohawk Industries Sinks as Accusations of Fraud Pile Up
- By Christiana Sciaudone
- 07/09/2020
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 1.39%
- U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 1.39%
- 07/09/2020
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Wednesday Morning Market Highlights
- Markets mixed, SMART Global jumps on earnings Continue reading...
- 07/08/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.68%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.68%
- 07/08/2020
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The Perfect 10 Portfolio Rides Again
- Over many decades, but not lately, stocks with low price-earnings ratio tend to be the best buys Continue reading...
- 07/06/2020
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Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by New Mexico Educational Retirement Board
- New Mexico Educational Retirement Board trimmed its position in Mohawk Industries, Inc. (NYSE:MHK) by 21.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,700 shares of the company’s stock after selling 1,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in […]
- 07/05/2020
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Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Contact the Firm; Should Management be Held Accountable for Investors' Losses?
- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of federal and state laws by certain officers of the companies listed below.
- 07/03/2020
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Third Avenue Value Fund Buys 3 Stocks, Sells 1 in 2nd Quarter
- Fund invests in an insurance company, a REIT and a courier service Continue reading...
- 07/01/2020
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Shareholder Alert: Robbins LLP Announces It Is Investigating Mohawk Industries, Inc. (MHK) for Misleading Shareholders
- Shareholder rights law firm Robbins LLP announces that it is investigating Mohawk Industries, Inc. (NYSE: MHK) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. Mohawk Industries designs, manufactures, sources, distributes, and markets flooring products for residential and commercial spaces worldwide.
- 07/01/2020
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Shareholder Alert: Robbins LLP Announces It Is Investigating Mohawk Industries, Inc. (MHK) for Misleading Shareholders
- Shareholder rights law firm Robbins LLP announces that it is investigating Mohawk Industries, Inc. (NYSE: MHK) for alleged violations of the Securitie
- 07/01/2020
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Forterra (FRTA) Gets a Hold Rating from RBC Capital - Markets
- In a report issued on June 26, Michael Dahl from RBC Capital maintained a Hold rating on Forterra (FRTA –
- 06/29/2020
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Analysts' Opinions Are Mixed on These Services Stocks: Vivendi (Other OTC: VIVHY) and SiteOne Landscape Supply (NYSE: SITE) - Markets
- Analysts have been eager to weigh in on the Services sector with new ratings on Vivendi (VIVHY – Research Report)
- 06/29/2020
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Barclays Sticks to Their Buy Rating for GMS (GMS) - Markets
- In a report issued on June 25, Matthew Bouley from Barclays maintained a Buy rating on GMS (GMS – Research
- 06/29/2020
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Mohawk Industries (NYSE:MHK) Shares Gap Up to $103.88
- Shares of Mohawk Industries, Inc. (NYSE:MHK) gapped up prior to trading on Wednesday . The stock had previously closed at $113.26, but opened at $103.88. Mohawk Industries shares last traded at $100.72, with a volume of 21,774 shares trading hands. A number of research analysts recently commented on the company. Credit Suisse Group assumed coverage […]
- 06/26/2020
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10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave
- Heading into the second half of 2020, should the economy get moving again, here are 10 consumer stocks to own into 2021 and beyond.
- 06/25/2020
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Mohawk Industries (NYSE:MHK) Downgraded by Deutsche Bank to “Sell”
- Mohawk Industries (NYSE:MHK) was downgraded by Deutsche Bank from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $77.00 target price on the stock, down from their prior target price of $85.00. Deutsche Bank’s price target would suggest a potential downside of […]
- 06/25/2020
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Mohawk Stock Up 12.6% on Improved Cleveland Forecast for Q2
- Mohawk Industries (MHK) may post better-than-expected revenues in Q2 on improved demand in the United States and pent-up demand in Europe.
- 06/24/2020
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S&P/ASX 200 to open flat - BHP, AMP and QUB shares in focus | Rask Media
- The S&P/ASX 200 (INDEXASX: XJO) is expected to open flat today. BHP Group Ltd (ASX:BHP), QUBE Holdings (ASX:QUB) and AMP Limited (ASX:AMP) are in the news.
- 06/23/2020
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Why Shares of Mohawk Are Soaring Today | The Motley Fool
- Conditions are tough. But perhaps not as tough as some have feared.
- 06/23/2020
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S&P 500 top movers: American Airlines (AAL) shares down 7.5% at $13.80 | Forex Crunch
- S&P 500 gains more than 1% on Tuesday. American Airlines shares fall sharply on pricing of follow-on and convertible offerings. Mohawk
- 06/23/2020
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Homebuilder ETFs jump on strong new-home sales data
- Exchange-traded funds with exposure to U.S. residential real estate were mostly higher Tuesday morning after the Commerce Department said sales of...
- 06/23/2020
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Two Sigma Advisers LP Sells 175,900 Shares of Mohawk Industries, Inc. (NYSE:MHK)
- Two Sigma Advisers LP lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 64.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,236 shares of the company’s stock after selling 175,900 shares during the quarter. Two Sigma Advisers LP […]
- 06/23/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.50%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.50%
- 06/23/2020
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Tungsten : Reporting Timetable | MarketScreener
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Deutsche Bank AG Sells 171,789 Shares of Mohawk Industries, Inc. (NYSE:MHK)
- Deutsche Bank AG trimmed its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 65.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 91,185 shares of the company’s stock after selling 171,789 shares during the quarter. Deutsche Bank AG’s holdings in Mohawk Industries were worth $6,950,000 as of its most recent SEC filing. Other hedge funds […]
- 06/20/2020
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M&T Bank Corp Decreases Stake in Mohawk Industries, Inc. (NYSE:MHK)
- M&T Bank Corp cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 30.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,551 shares of the company’s stock after selling 1,519 shares during the quarter. M&T Bank Corp’s holdings in Mohawk Industries were […]
- 06/20/2020
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Canada Pension Plan Investment Board Grows Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)
- Canada Pension Plan Investment Board increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 510.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421 shares of the company’s stock after buying an additional 352 shares during the period. […]
- 06/19/2020
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5 Home Furnishing Companies With High Strength and Profitability
- Stocks to consider as homebuilder sentiment skyrockets in June Continue reading...
- 06/16/2020
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Hedge Funds Coming Back To Signet Jewelers Limited (SIG)
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
- 06/15/2020
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MOHAWK INDUSTRIES INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K) | MarketScreener
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Carpets and Rugs Market 2020-2024 | Growing Consumer Preference for Interior Designs to Boost Growth | Technavio
- The Global Carpets and Rugs Market will grow by $18.98 bn during 2020-2024
- 06/12/2020
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Sowell Financial Services LLC Sells 360 Shares of Mohawk Industries, Inc. (NYSE:MHK)
- Sowell Financial Services LLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 42.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 495 shares of the company’s stock after selling 360 shares during the quarter. Sowell Financial Services LLC’s holdings in Mohawk […]
- 06/10/2020
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Signet Jewelers Reported a Smaller-Than-Expected Loss. Here’s Why Its Stock Is Getting Crushed.
- SECTORFOCUS BLOG Shares of (SIG) fell on Tuesday after the company’s fiscal first-quarter earnings report. Signet (ticker: SIG) said it lost $1.59 a share on revenue of $852.1 million. Analysts were looking for a per-share loss of $2.
- 06/09/2020
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Signet Jewelers stock falls after less-than-expected loss, but total and same-store sales miss
- Shares of Signet Jewelers Ltd. dropped 5.2% in premarket trading Tuesday, after the operator of jewelry store brands including Kay Jewelers, Zales and Jared, reported a narrower-than-expected fiscal first-quarter loss but sales that missed and said it will permanently close stores as it looks emerge from the COVID-19 pandemic with a smaller store footprint. The net loss for the quarter to May 2 widened to $198.6 million, or $3.83 a share, from a loss of $18.2 million, or 35 cents a share, in the year-ago period. Excluding non-recurring items, such as impairment charges against long-lived assets, the adjusted loss per share was $1.59, compared with the FactSet loss consensus of $2.97. Sales fell 40.5% to $852.1 million, below the FactSet consensus of $861.7 million, as the same-store sales decline of 38.9% missed expectations of a 35.4% decline. E-commerce sales grew 6.7%. The company said it has began a staggered store reopening in May, but plans to not reopen at least 150 stores in North America and 80 stores in the U.K., and plans to close an additional 150 stores by the end of the fiscal year. The company currently operates about 3,200 stores. The stock has shed 22.4% year to date through Monday, while the S&P; 500 has inched up 0.1%.
- 06/09/2020
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Signet Jewelers Reimagines The Digital Jewelry Shopping Experience As Stores Begin To Safely Reopen
- Signet Jewelers Ltd., (NYSE: SIG), the world's largest retailer of diamond jewelry, today announced details about how it's reimagining the jewelry buying experience since temporarily closing stores to help stop the spread of COVID-19. Over the last 10 weeks, the century-old company has accelerated its transformation into a channel-agnostic retailer, enabling store staff for the first time to serve customers from home using technology such as chat, video, social media and virtual by-appointment private shopping consultations. Signet is the parent company of Kay Jewelers, Zales, Jared, Piercing Pagoda, Peoples, H. Samuel, Ernest Jones and digitally native Jamesallen.com.
- 06/09/2020
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Signet Jewelers Reports Q1 Results And Accelerated Digital Focus
- Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest retailer of diamond jewelry, today announced its results for the 13 weeks ended May 2, 2020 ("first quarter Fiscal 2021"). As discussed below, results are preliminary due to a pending long-lived non-cash assets impairment review necessitated by the COVID-19 pandemic, and the impacts of that review on our financial statements.
- 06/09/2020
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Mohawk Capital Finance S.A. -- Moody's rates Mohawk Capital Finance S.A.'s Euro Senior Unsecured Notes Baa1
- Moody's Investors Service, ("Moody's") assigned a Baa1 rating to Mohawk Capital Finance S.A.'s new EUR 500 million senior unsecured 7-year notes. The notes will be guaranteed by the parent, Mohawk Industries, Inc ("Mohawk"), making them pari passu with existing unsecured obligations of Mohawk. Because Mohawk Capital Finance S.A. is a wholly-owned financing subsidiary of Mohawk with no other independent functions other than finance activities, the assigned rating is based on the unconditional and irrevocable senior unsecured guarantee from Mohawk.
- 06/09/2020
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Tiffany & Co. and Chewy earnings: What to know in markets Tuesday
- Earnings season is nearly over, but Tiffany & Co. and Chewy earnings Tuesday will be closely watched by investors.
- 06/08/2020
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FOMC decision: What to know in the week ahead
- The Federal Open Market Committee's two-day meeting will be the highlight in an otherwise quiet week.
- 06/07/2020
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Mohawk Industries (MHK) Up 17.7% Since Last Earnings Report: Can It Continue?
- Mohawk Industries (MHK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/03/2020
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Hedge Funds Aren’t Crazy About Mohawk Industries, Inc. (MHK)
- In this article you are going to find out whether hedge funds think Mohawk Industries, Inc. (NYSE:MHK) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/03/2020
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Hedge Funds Aren’t Crazy About Mohawk Industries, Inc. (MHK)
- In this article you are going to find out whether hedge funds think Mohawk Industries, Inc. (NYSE:MHK) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/02/2020
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Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q1 2020 Update
- Atlantic Investment Management’s 13F portfolio value decreased from $338M to $177M. The number of positions increased from 14 to 18. Alex Roepers increased DXC
- 06/02/2020
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Benzinga's Top Upgrades, Downgrades For May 28, 2020
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INSIGHT-U.S. firms shield CEO pay as pandemic hits workers, investors
- Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall. On April 10, Sonic's board gave its top executives stock options to replace performance-based share awards, regulatory filings show.
- 05/28/2020
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Credit Suisse Initiates Coverage On Mohawk Industries with Underperform Rating, Announces Price Target of $62
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Top Consumer Discretionary Stocks for June 2020
- These are the consumer discretionary stocks with the best value, fastest growth, and most momentum for June 2020.
- 05/27/2020
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Nomura Instinet Maintains Buy on Mohawk Industries, Raises Price Target to $118
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Edited Transcript of MHK earnings conference call or presentation 5-May-20 3:00pm GMT
- Q1 2020 Mohawk Industries Inc Earnings Call
- 05/26/2020
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Roseburg publishes environmental product declaration for Medford, Oregon, MDF products
- Roseburg Forest Products has published its eighth certified Environmental Product Declaration, providing standardized and objective information about the lifecycle environmental impacts of the company’s wood products, and now including Medium Density Fiberboard (MDF).
- 05/22/2020
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Charles Brandes' Firm Buys Into Textron and Change Healthcare in 1st Quarter
- Firm's top 5 buys of the quarter Continue reading...
- 05/19/2020
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Lawsuit for Investors in Mohawk Industries, Inc. (NYSE:MHK) announced by Shareholders Foundation
- SAN DIEGO, CA / ACCESSWIRE / May 19, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in (NYSE:MHK) shares. Investors, who purchased shares of Mohawk Industries, ...
- 05/19/2020
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Charles Brandes' Firm Buys Into Textron and Change Healthcare in –st Quarter
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MOHAWK INDUSTRIES INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K) | MarketScreener
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Atlantic Investment Management Inc Buys Oshkosh Corp, DXC Technology Co, TechnipFMC PLC, Sells ...
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Brandes Investment Buys Cameco Corp, Embraer SA, Textron Inc, Sells Flex, Jefferies Financial ...
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MOHAWK INDUSTRIES INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) | MarketScreener
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First Pacific Advisors Trims Microsoft, Howmet Aerospace
- Firm's largest sales of the 1st quarter Continue reading...
- 05/11/2020
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First Pacific Advisors Trims Microsoft, Howmet Aerospace
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Company layoffs snowball as recovery appears elusive
- GE, Airbnb, Uber announced thousands of job cuts this week; ‘Our entire workforce...will have to be smaller than it is today’
- 05/10/2020
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While Buffett Waits, Other Value Investors Are Buying. Here Are 9 of Their Picks.
- Their selections aren’t the “elephants” that the Oracle of Omaha hunts, but they could pay off big-time. Among them: Keurig Dr Pepper, TransUnion, Wells Fargo, Capital One Financial, LTC Properties, Ares Capital, and Dow.
- 05/08/2020
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Boston Common Asset Management, LLC Buys GlaxoSmithKline PLC, Gilead Sciences Inc, Cerner Corp, ...
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MOHAWK INDUSTRIES INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) | MarketScreener
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Mohawk Industries, Inc. -- Moody's rates Mohawk's Senior Unsecured Notes Baa1; outlook is stable
- Moody's Investors Service, ("Moody's") assigned a Baa1 rating to Mohawk Industries, Inc's ("Mohawk") new $500 million senior unsecured 10-year notes. Moody's expects that Mohawk's operating performance will be negatively impacted in 2020 by lower demand for its products as a result of weakening global economic conditions caused by the coronavirus outbreak. Moody's expects demand for flooring to decline 30% to 40% in the year ahead as residential remodeling and corporate investment will be postponed as recessionary pressures persist.
- 05/07/2020
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RBC Capital Downgrades Mohawk Industries to Underperform
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Edited Transcript of MHK earnings conference call or presentation 5-May-20 3:00pm GMT
- Q1 2020 Mohawk Industries Inc Earnings Call
- 05/06/2020
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Mohawk Industries Inc (MHK) Q1 2020 Earnings Call Transcript
- Image source: The Motley Fool. Mohawk Industries Inc (NYSE: MHK)Q1 2020 Earnings CallMay 5, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning.
- 05/06/2020
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Mohawk (MHK) Q1 Earnings Miss, Down Y/Y on Lower Demand
- Soft demand, reduced production volume and unplanned shutdown costs hurt Mohawk Industries' (MHK) Q1 results.
- 05/05/2020
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Mohawk (MHK) Q1 Earnings Miss, Down Y/Y on Lower Demand
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Mohawk Industries (MHK) Lags Q1 Earnings and Revenue Estimates
- Mohawk Industries (MHK) delivered earnings and revenue surprises of -0.60% and -1.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/04/2020
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Mohawk Industries: 1Q Earnings Snapshot | MarketScreener
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MOHAWK INDUSTRIES INC : Results of Operations and Financial Condition (form 8-K) | MarketScreener
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Mohawk Industries Q1 Adj. EPS $1.660, Inline, Sales $2.286B Miss $2.290B Estimate
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Mohawk Industries Reports Q1 Results
- CALHOUN, Ga., May 04, 2020 -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2020 first quarter net earnings of $111 million and diluted earnings per share (EPS) of $1.54..
- 05/04/2020
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Masco: Better Positioned After Divestitures
- After recent divestitures, Masco made a strategic shift toward a lower ticket and less cyclical business. Masco has taken important steps to reduce costs and pr
- 05/04/2020
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What Is Mohawk Industries's (NYSE:MHK) P/E Ratio After Its Share Price Rocketed?
- Mohawk Industries (NYSE:MHK) shareholders are no doubt pleased to see that the share price has bounced 34% in the last...
- 05/04/2020
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Mohawk Industries (MHK) Lags Q1 Earnings and Revenue Estimates
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April's jobs report showing millions out of work looms large in the week ahead
- In the week ahead, the April jobs report is expected to show the highest unemployment since 1939.
- 05/01/2020
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Whirlpool CEO: I think we will see a U-shaped recovery from the COVID-19 pandemic
- Whirlpool CEO Marc Bitzer joins Yahoo Finance to discuss the road ahead for the appliance giant.
- 05/01/2020
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Will Soft Sales & Higher Cost Hurt Mohawk (MHK) Q1 Earnings?
- Inflationary pressure and lower demand are likely to reflect on Mohawk Industries' (MHK) first-quarter 2020 results.
- 05/01/2020
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Will Soft Sales & Higher Cost Hurt Mohawk (MHK) Q1 Earnings?
- Inflationary pressure and lower demand are likely to reflect on Mohawk Industries' (MHK) first-quarter 2020 results.
- 05/01/2020
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Analysis on New Product Launches in Covid-19 Related Markets-Ceramics Market 2020-2024 | Need for Less Energy to Boost Growth | Technavio
- The ceramics market size has the potential to grow by USD 108.7 billion during 2020-2024
- 04/30/2020
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Analysts Conflicted on These Conglomerates Names: Masco (MAS), Avantor (AVTR) and O-I Glass (OI)
- Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Masco (MAS), Avantor (AVTR) and O-I Glass (OI). Masco (MAS) In a
- 04/30/2020
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Masco (MAS) Receives a Buy from Barclays
- Barclays analyst Matthew Bouley maintained a Buy rating on Masco (MAS) yesterday and set a price target of $46.00. The company's shares closed last
- 04/30/2020
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Barclays Keeps Their Buy Rating on Owens Corning (OC)
- In a report released yesterday, Matthew Bouley from Barclays maintained a Buy rating on Owens Corning (OC), with a price target of $50.00. The company's
- 04/30/2020
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Analysts Have Conflicting Sentiments on These Services Companies: SiteOne Landscape Supply (SITE), Yum! Brands (YUM) and Boyd Gaming (BYD)
- Analysts have been eager to weigh in on the Services sector with new ratings on SiteOne Landscape Supply (SITE), Yum! Brands (YUM) and Boyd Gaming (BYD).
- 04/30/2020
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DR Horton (DHI) Received its Third Buy in a Row
- After Wedbush and Goldman Sachs gave DR Horton (NYSE: DHI) a Buy rating last month, the company received another Buy, this time from J.P. Morgan. Analyst
- 04/29/2020
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Mohawk Industries, Inc. (NYSE:MHK): Should The Recent Earnings Drop Worry You?
- Examining Mohawk Industries, Inc.'s (NYSE:MHK) past track record of performance is an insightful exercise for...
- 04/29/2020
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