Mohawk Industries is a leading manufacturer and distributor of flooring products for residential and commercial spaces
The company offers a wide range of flooring solutions, including carpet, rugs, laminate, hardwood, and ceramic tile, catering to various design preferences and functional needs. By innovating in technology and sustainability, Mohawk aims to deliver high-quality products while reducing environmental impact. The company serves its customers through multiple channels, including retail, wholesale, and direct sales, positioning itself as a key player in the global flooring industry.
The flooring company reported adjusted earnings of $1.95 per share for the three months ended Dec. 31, compared with the average analysts’ estimate of $1.85 per share.
Flooring manufacturer Mohawk Industries (NYSEMHK) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $2.64 billion. Its non-GAAP profit of $1.95 per share was 5.3% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
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Since July 2024, Mohawk Industries has been in a holding pattern, posting a small loss of 2% while floating around $130.06. The stock also fell short of the S&P 500’s 5.3% gain during that period.
Analyst bullish on Mohawk Industries as it is trading at a discount and has potential for margin drivers and strong balance sheet. Cheaper way to play repair/remodel demand rebound.
Stock market gains during Dec. 24-Dec. 31 window, known as Santa Claus rally, averaging 0.85% return in 64 out of 96 years. 2018 saw strongest rally of 6.6%.
