Mohawk Industries (NYSE:MHK) Announces Earnings Results

Mohawk Industries (NYSE:MHK) reported mixed Q4 earnings, with adjusted EPS of $2.00 and revenue of $2.70 billion, both slightly beating consensus estimates. However, GAAP net income significantly declined to $42 million from $90 million year-over-year, highlighting a disparity between adjusted and reported earnings. The company’s stock traded down following the announcement and analyst downgrades, with insiders also selling shares recently.

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