Mohawk IndustriesNYSE: MHK

CALHOUN, Ga., June 28, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Second Quarter 2024 earnings release on Thursday, July 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, July 26, 2024, at 11:00 am ET.

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I revised my recommendation on Mohawk Industries to a buy because of a more positive outlook on its recovery. Recent earnings demonstrated a decrease in sales decline and an increase in volume growth, as well as margin expansion from cost-cutting measures. As Mohawk continues to grow, the market is expected to raise its valuation.

Mohawk Industries, Inc. (NYSE: MHK) will be hosting their Q1 2024 Earnings Conference Call on April 26, 2024 at 11:00 AM ET. Key company executives participating in the call include James Brunk, Jeff Lorberbaum, and Chris Wellborn. Various analysts from Barclays, Baird, Goldman Sachs, UBS, Jefferies, Truist, JPMorgan, RBC, Thompson Research Group, Loop Capital, Evercore, Wells Fargo, and Cleveland Research will also be participating. The event will be recorded.

Mohawk's first-quarter earnings were impacted by decreased net sales caused by ongoing economic challenges. However, the company's second-quarter forecast is optimistic due to improvements in the residential market.

While the revenue and EPS of Mohawk Industries (MHK) provide insight into its performance in the first quarter of March 2024, it is also important to analyze how certain key metrics stack up against Wall Street predictions and the figures from the same period last year.

Mohawk Industries (MHK) reported quarterly earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.70 per share. This is an increase from earnings of $1.75 per share in the same quarter last year.

CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET.