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.
Company profile
Ticker
MHK
Exchange
Website
CEO
Jeffrey Lorberbaum
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
MOHAWK INDUSTRIES INC.
SEC CIK
Corporate docs
Subsidiaries
A&S Energie NV • A&U Energie NV • Aladdin Manufacturing Corporation • Aladdin Manufacturing • Ballytherm Trading Limited • Ballytherm UK Limited • Berghoef GmbH • Berghoef-Hout B.V. • BGE Mexico • Bienes Raices y Materiales del Centro, S. de R.L. de C.V. ...
IRS number
521604305
MHK stock data
News
9 Analysts Have This to Say About Mohawk Industries
18 Aug 22
Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2022
18 Aug 22
Deutsche Bank Initiates Coverage On Mohawk Industries with Hold Rating, Announces Price Target of $122
18 Aug 22
5 Value Stocks In The Consumer Cyclical Sector
9 Aug 22
Credit Suisse Maintains Neutral on Mohawk Industries, Lowers Price Target to $140
3 Aug 22
Analyst ratings and price targets
Current price
Average target
$129.88
Low target
$101.00
High target
$146.00
Deutsche Bank
Initiated
$122.00
Credit Suisse
Maintains
$140.00
Wells Fargo
Maintains
$132.00
Baird
Maintains
$140.00
UBS
Maintains
$146.00
RBC Capital
Maintains
$101.00
JP Morgan
Maintains
$129.00
Barclays
Downgraded
$129.00
Calendar
29 Jul 22
18 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jul 22 | Apr 22 | Dec 21 | Oct 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 223.99M | 223.99M | 223.99M | 223.99M | 223.99M | 223.99M |
| Cash burn (monthly) | 2.19M | 44.14M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 3.44M | 69.29M | n/a | n/a | n/a | n/a |
| Cash remaining | 220.55M | 154.69M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 100.7 | 3.5 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Aug 22 | Bernard Thiers | Common Stock | Sell | Dispose S | No | No | 122.5163 | 8,000 | 980.13K | 90,211 |
| 12 Aug 22 | Bernard Thiers | Common Stock | Sell | Dispose S | No | No | 126.25 | 8,000 | 1.01M | 98,211 |
Institutional ownership, Q2 2022
| 13F holders | Current |
|---|---|
| Total holders | 434 |
| Opened positions | 67 |
| Closed positions | 63 |
| Increased positions | 133 |
| Reduced positions | 172 |
| 13F shares | Current |
|---|---|
| Total value | 7.36B |
| Total shares | 47.59M |
| Total puts | 571.3K |
| Total calls | 236.3K |
| Total put/call ratio | 2.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 5.92M | $734.76M |
| FMR | 4.23M | $524.95M |
| BLK Blackrock | 4.06M | $503.29M |
| Boston Partners | 3.44M | $426.53M |
| STT State Street | 2.34M | $289.88M |
| JPM JPMorgan Chase & Co. | 2.25M | $278.6M |
| PZN Pzena Investment Management | 2.07M | $256.71M |
| Ariel Investments | 1.82M | $226.28M |
| TROW T. Rowe Price | 1.75M | $216.88M |
| Dimensional Fund Advisors | 1.74M | $215.5M |
Financial report summary
?Competition
Armstrong FlooringManagement Discussion
- Net sales for the three months ended July 2, 2022 were $3,153.2 million, reflecting an increase of $199.4 million, or 6.8%, from the $2,953.8 million reported for the three months ended July 3, 2021. The increase was primarily attributable to the favorable net impact of price and product mix of approximately $487 million, partially offset by lower sales volume of approximately $160 million, the unfavorable net impact from foreign exchange rates of approximately $117 million and the unfavorable impact from less shipping days in the second quarter of 2022 of approximately $11 million.
- Global Ceramic Segment—Net sales increased $119.1 million, or 11.5%, to $1,158.6 million for the three months ended July 2, 2022, compared to $1,039.5 million for the three months ended July 3, 2021. The increase was primarily attributable to the favorable net impact of price and product mix of approximately $177 million, partially offset by lower sales volume of approximately $26 million, the unfavorable net impact from foreign exchange rates of approximately $22 million and the unfavorable impact from less shipping days in the second quarter of 2022 of approximately $11 million.
- Flooring NA Segment—Net sales increased $18.3 million, or 1.7%, to $1,099.5 million for the three months ended July 2, 2022, compared to $1,081.2 million for the three months ended July 3, 2021. The increase was primarily attributable to the favorable net impact of price and product mix of approximately $145 million, partially offset by lower sales volume of approximately $127 million.
Content analysis
?| Positive | ||
| Negative | ||
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| Readability |
H.S. junior Avg
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New words:
announced, Grupo, half, II, intentional, Saltillo, slowdown, startup, strategically, technology, Vitromex
Removed:
capacity, group, improving, Italy, result
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
12 Aug 22
8-K
Departure of Directors or Certain Officers
29 Jul 22
8-K
Mohawk Industries Reports Q2 Results
28 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Mohawk Industries Reports Q1 Results
27 Apr 22
8-K
Departure of Directors or Certain Officers
11 Mar 22
8-K
Departure of Directors or Certain Officers
17 Feb 22
8-K
Mohawk Industries Reports Q4 Results
10 Feb 22
8-K
Mohawk Industries Reports Q3 Results
28 Oct 21
8-K
Termination of a Material Definitive Agreement
19 Oct 21
Registration and prospectus
25-NSE
Exchange delisting
20 Oct 21
25-NSE
Exchange delisting
7 Sep 21
S-8
Registration of securities for employees
5 Nov 20
424B2
Prospectus for primary offering
11 Jun 20
FWP
Free writing prospectus
9 Jun 20
424B5
Prospectus supplement for primary offering
9 Jun 20
25-NSE
Exchange delisting
18 May 20
424B2
Prospectus for primary offering
11 May 20
FWP
Free writing prospectus
7 May 20
424B5
Prospectus supplement for primary offering
7 May 20
Other
SD
Conflict minerals disclosure
18 May 22
SD
Conflict minerals disclosure
26 May 21
SD
Conflict minerals disclosure
27 May 20
CERT
Certification of approval for exchange listing
12 Sep 19
SD
Conflict minerals disclosure
22 May 19
CERT
Certification of approval for exchange listing
30 May 18
SD
Conflict minerals disclosure
21 May 18
CERTNYS
Certification of approval for NYSE listing
14 Sep 17
SD
Conflict minerals disclosure
14 May 17
UPLOAD
Letter from SEC
13 Jul 16
Ownership
4
MOHAWK INDUSTRIES / Bernard Thiers ownership change
17 Aug 22
4
MOHAWK INDUSTRIES / Bernard Thiers ownership change
12 Aug 22
3/A
MOHAWK INDUSTRIES / William Wayne Harkins II ownership change
8 Aug 22
3
MOHAWK INDUSTRIES / William Wayne Harkins II ownership change
4 Aug 22
11-K
Annual report of employee stock purchases
17 Jun 22
11-K
Annual report of employee stock purchases
17 Jun 22
3
MOHAWK INDUSTRIES / Clifford Charles Suing ownership change
21 Mar 22
4
MOHAWK INDUSTRIES / STEVEN HYOSIG LEE ownership change
8 Mar 22
4
MOHAWK INDUSTRIES / Rodney David Patton ownership change
8 Mar 22
4
MOHAWK INDUSTRIES / Bernard Thiers ownership change
8 Mar 22
Patents
Utility
Systems and Methods for Manufacturing Bulked Continuous Filament from Colored Recyled Pet
18 Aug 22
A system comprising: (1) a grinding unit configured to receive and grind recycled PET bottles into a group of polymer flakes comprising up to about ten percent colored polymer flakes and balance substantially clear polymer flakes; (2) a washing unit configured to wash the group of polymer flakes; and (3) an extruder configured to extrude material in a plurality of different extrusion streams.
Utility
Roof Tile and a Roof Covering
11 Aug 22
A roof tile comprising a decorative layer, having at least a ceramic body, and a support layer disposed below the decorative layer, wherein the roof tile comprises an upper edge, a lower edge which is opposite to the upper edge and two opposite side edges, said side edges being transversal to the upper edge, wherein said roof tile comprises at least one anchoring element for anchoring the roof tile to a structure or framework.
Utility
Roof Tile and a Roof Covering
11 Aug 22
A roof tile comprising a decorative layer, the decorative layer comprising a ceramic body, and a support layer disposed below the decorative layer, wherein the roof tile comprises an upper edge, a lower edge which is opposite to the upper edge and two opposite side edges, the opposite side edges being transverse to the upper edge, wherein the roof tile comprises at least a first coupling elements configured for being coupled to an adjacent roof tile in a roof covering, and wherein the first coupling elements are provided at least at one side edge of the roof tile.
Utility
Method for manufacturing a plate shaped product and plate shaped product manufactured thereby
26 Jul 22
A method is presented for manufacturing a plate shaped product, comprising the steps of manufacturing a first intermediate product which comprises at least, successively, a carrier, a plastic printing layer, a decorative print layer and a plastic protective layer, by using a multiple coating process, manufacturing a second intermediate product which comprises at least one plastic layer, by using at least a calendering process, and combining the first and second intermediate products by laminating, such that the second intermediate product is attached to the first intermediate product.
Utility
Panel
14 Jul 22
A panel, which, at two opposite edges, includes coupling parts that allow joining by a downward movement, the coupling parts including a male part that fits in a female part, wherein the male part comprises a laterally protruding lip with at a lower side a downward facing support surface
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
30 Apr 22
2021 Q4
Earnings call transcript
11 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
12 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
7 Aug 20
2020 Q1
Earnings call transcript
5 May 20
Reddit threads
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
229 S&P500 companies ($21.6t in market cap, 61.8%) report earnings in the next ~30 days
25 Jun 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
What so far underperforming stock in 2022 do you expect to soar the remainder of the year?
24 Mar 22