- Mohawk Industries‘ adjusted EPS for the fourth quarter is $1.95, surpassing the estimate of $1.85.
- The company’s net sales reached $2.64 billion, exceeding the projected $2.54 billion.
- Global ceramic net sales were $1.01 billion, above the estimated $972.5 million.
- Flooring North America net sales came in at $937.2 million, topping the estimated $908.5 million.
- Net sales for Flooring Rest of World were $691.8 million, higher than the forecasted $674.8 million.
- The adjusted operating margin for Flooring North America was 5.7%, slightly below the estimate of 6.3%.
- Flooring Rest of World adjusted operating margin reached 10%, surpassing the expected 9.29%.
- Free cash flow amounted to $236.2 million, outperforming the estimate of $206.7 million.
- Net cash from operating activities was $397.0 million, below the estimate of $514.9 million.
- The company anticipates first quarter adjusted EPS to be between $1.34 and $1.44, not accounting for any restructuring or one-time charges.
- Current analyst ratings: 9 buy, 7 hold, and 1 sell.
Mohawk Industries on Smartkarma
Analyst coverage of Mohawk Industries on Smartkarma has been notably positive, with Baptista Research releasing a report titled “Mohawk Industries Inc.: Recent Strategic Acquisitions Amidst Market Consolidation Driving Our Optimism! – Major Drivers”. The report highlighted Mohawk Industries‘ third-quarter performance for 2024, showcasing resilience in a challenging market environment. Despite a 2% reduction in net sales, the company saw a 7% increase in earnings per share, reaching $2.90. This growth was attributed to operational and strategic advancements, including recent acquisitions, driving optimism among analysts.
Baptista Research‘s assessment reflects a bullish sentiment towards Mohawk Industries, emphasizing the positive impact of strategic moves amidst market consolidation. The report underscores the company’s ability to navigate difficult market conditions and deliver solid financial results. With an optimistic outlook on major drivers influencing Mohawk Industries‘ performance, the analyst coverage on Smartkarma provides valuable insights for investors looking to understand the company’s growth trajectory and potential opportunities in the market.
A look at Mohawk Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
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
Analysts utilizing the Smartkarma Smart Scores have assessed Mohawk Industries‘ long-term outlook based on various factors. With a strong Value score of 4, the company is deemed to be fundamentally undervalued, offering potential for growth in the future. While its Dividend score is lower at 1, indicating a lower dividend payment compared to other factors, Mohawk Industries shows promise in Growth with a score of 3, suggesting potential for expansion and development.
In terms of Resilience, Mohawk Industries has been rated at 3, indicating a moderate level of resilience to economic challenges. However, its Momentum score of 2 suggests a slower pace of price appreciation compared to other factors. Overall, with a comprehensive product range encompassing various flooring options for residential and commercial purposes in the US and Europe, Mohawk Industries stands as a versatile player in the flooring industry poised for long-term progression.
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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