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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.