U.S. Markets open in 7 hrs 51 mins

Mohawk Industries: Q4 Earnings Insights

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Insights
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

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.

Revenue of $2,641,760,000 higher by 8.94% year over year, which beat the estimate of $2,490,000,000.

Guidance

Mohawk Industries hasn't issued any earnings guidance for the time being.

View more earnings on MHK

Mohawk Industries hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $160.63

52-week low: $56.62

Price action over last quarter: Up 60.87%

Company Profile

Mohawk Industries manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. The Georgia-based company has grown from a U.S.-focused carpeting manufacturer to a leading global player in the diversified flooring market. Mohawk operates three reporting segments: global ceramic ($3.6 billion of sales in 2019), North America flooring ($3.8 billion), and rest of the world flooring ($2.5 billion). The company generates approximately 60% of its sales in the United States.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.