- Mohawk Industries‘ third quarter adjusted EPS forecast is between $2.56 and $2.66, below the estimate of $2.69.
- Second quarter adjusted EPS came in at $2.77, surpassing the estimate of $2.61.
- Net sales for the second quarter reached $2.80 billion, exceeding the estimate of $2.76 billion.
- Global ceramic net sales achieved $1.12 billion, above the anticipated $1.11 billion.
- Flooring North America net sales were $946.8 million, which missed the estimate of $962.1 million.
- Flooring Rest of World net sales posted $734.4 million, beating the forecast of $716.6 million.
- The adjusted global ceramic operating margin was 8.1%, higher than the expected 7.01%.
- Adjusted operating margin for Flooring North America was 7.3%, below the estimated 7.7%.
- Adjusted operating margin for Flooring Rest of World reached 10.4%, just under the expected 10.5%.
- Free cash flow was reported at $126.1 million, significantly lower than the forecasted $316.5 million.
- Net cash provided by operating activities totaled $206.3 million, falling short of the estimate of $474.6 million.
- Analysts’ recommendations include 7 buys, 9 holds, and 1 sell.
Mohawk Industries on Smartkarma
On Smartkarma, independent analysts like Baptista Research are closely covering Mohawk Industries, a leading company in the industry. Baptista Research recently published insightful reports on Mohawk Industries, analyzing the company’s performance and strategies.
One report titled “Mohawk Industries Bets Big on Luxury—Can Its Premium Products Help Them Gain Market Share?” delves into the company’s fourth-quarter results and the challenges it faces. Another report titled “Mohawk Industries: Its Expansion in Higher-End Product Mix In An Attempt To Aid Margin Expansion May Just Work Out!” highlights the company’s efforts to improve margins through a higher-end product mix. Both reports provide valuable insights into Mohawk Industries‘ business outlook and strategies.
A look at Mohawk Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Mohawk Industries is positioned well for long-term success. With a top score in Value indicating strong fundamentals, investors may find the company’s stock attractive for potential growth. While the Dividend score is lower, the company’s focus on growth and resilience, both scoring in the mid-range, suggests that Mohawk Industries is striving to expand and endure in the market. Coupled with a Momentum score of 3, the company is showing steady progress in its market position.
Mohawk Industries, Inc. specializes in designing, manufacturing, and distributing various flooring options for both residential and commercial use. Their product range includes carpet, ceramic tile, laminate, wood, stone, vinyl, and rugs, catering to a wide customer base. With a strong Value score of 5, the company showcases solid fundamentals, highlighting its potential for long-term value. Although the Dividend score is lower, Mohawk Industries demonstrates a commitment to growth and resilience, positioning itself as a competitive player in the flooring market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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