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Mohawk Industries (MHK)

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
CEO
Jeffrey Lorberbaum
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MOHAWK INDUSTRIES INC.
SEC CIK
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

Calendar

29 Jul 22
18 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Dec 21 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 434 430 +0.9%
Opened positions 67 48 +39.6%
Closed positions 63 96 -34.4%
Increased positions 133 179 -25.7%
Reduced positions 172 139 +23.7%
13F shares Current Prev Q Change
Total value 7.36B 14.5B -49.2%
Total shares 47.59M 47.78M -0.4%
Total puts 571.3K 653.7K -12.6%
Total calls 236.3K 289.8K -18.5%
Total put/call ratio 2.4 2.3 +7.2%
Largest owners Shares Value Change
Vanguard 5.92M $734.76M +1.7%
FMR 4.23M $524.95M -12.4%
BLK Blackrock 4.06M $503.29M -7.0%
Boston Partners 3.44M $426.53M +9.5%
STT State Street 2.34M $289.88M -11.5%
JPM JPMorgan Chase & Co. 2.25M $278.6M -1.5%
PZN Pzena Investment Management 2.07M $256.71M +18.0%
Ariel Investments 1.82M $226.28M +5.8%
TROW T. Rowe Price 1.75M $216.88M +23.2%
Dimensional Fund Advisors 1.74M $215.5M +2.2%
Largest transactions Shares Bought/sold Change
Shapiro Capital Management 1.53M +746.04K +95.6%
FMR 4.23M -599.21K -12.4%
LGEN Legal & General 0 -395.31K EXIT
TROW T. Rowe Price 1.75M +328.74K +23.2%
PZN Pzena Investment Management 2.07M +316.2K +18.0%
BLK Blackrock 4.06M -306.43K -7.0%
STT State Street 2.34M -303.12K -11.5%
Boston Partners 3.44M +296.98K +9.5%
J. Goldman & Co 275.69K +275.69K NEW
MS Morgan Stanley 566.73K +245.69K +76.5%

Financial report summary

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Competition
Armstrong Flooring
Management 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: announced, Grupo, half, II, intentional, Saltillo, slowdown, startup, strategically, technology, Vitromex
Removed: capacity, group, improving, Italy, result

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